PFG Low Doc Program
| Who can apply |
Clients that are self-employed or full-time investors, for at least the last two years and are unable to provide extensive financial statements or taxation returns |
| Loan features |
No supporting documentation required for self-employed applicant/s
Stated income and A&L statement required
Co-borrowers may be PAYG and provide evidence of income |
| Loan purpose |
Loans considered for purchase, refinance or consolidation
Investment or owner-occupied residential security property
Loans can be regulated or non-regulated by UCCC |
| Loan term |
Up to 30 years |
| Loan size |
$30,000 - $3,000,000 |
| Repayment options |
Principal and Interest Interest-Only for 10 years then amortisation program commences |
| Repayment methods |
Direct debit from bank account
BPay Credit
Direct Salary and Other Income Credits |
| Repayment frequency |
Weekly, fortnightly, twice monthly or monthly
Day and date can be nominated |
| Additional repayments |
Can be made at any time using the above methods |
| Redraw |
No minimum redraw amount
Funds paid into bank account |
| Redraw methods |
StarNet (Internet) StarCall (telephone) Direct card |
| Loan account fees |
No monthly account maintenance or ongoing fees
Unlimited free standard transactions p/m
No portability or top-up fees
No Internet or telephone transaction fees
Early repayment fee – if loan facility (or loan split) repaid in full and closed < 5 years
redit Risk Fee (Uninsured)
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| Program conversion |
The Lender will consider a reduction of the interest rate when all borrowers provide current financial information and tax returns that comply with the Lender’s lending criteria |
| PRO PACK |
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| Product Code |
Product |
Key Features |
| PP |
PFG Premium |
Individuals(PAYG or Self-employed), Companies, Partnerships or Trusts. Full supporting documentation and evidence of income is required for all applicants. Available only for refinancing.
more information......
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