LOW DOC LOAN

INTEREST RATE		6.91% pa Variable Rate

LOAN TERMS		30 years.

PURPOSE		Purchase of Residential Real Estate. Is available for both owner occupied or investment loans.

LOAN AMOUNTS		Minimum $50,000 Maximum $1,000,000

FEES		Nil. However applicants are liable for BMC's solicitors fees.(Note: If application does not proceed & valuation has been completed, applicant will be liable for valuation fee). No Monthly or Annual fees applicable.

MAXIMUM LVR		80%

REDRAW OPTION		Unlimited access using Debit Card through ATM’s, EPTPOS,Telephone or Internet.

PAYMENT MODE		Principal & Interest or Interest Only Repayment Option. Monthly, Fortnightly or Weekly. Salary Crediting.

PRINCIPAL REDUCTIONS		VARIABLE: Permitted at any time without any penalty.

EARLY REPAYMENT FEE		Nil

LENDERS MORTGAGE INSURANCE		Up to 60% LVR No LMI required. LVR <70% & loan size <$600K paid by Lender In all other cases LMI paid by applicant. Can be capitalised to 80% max.

CONDITIONS		Applicants must be self employed with ABN for at least 2 years & be GST registered for at least 12 months.Last 6 months trading bank statements are required