Non-Conforming | Good or Bad Credit | Loan – Self Verified for Self employed less than 12 months/Variable or Fixed Rate Loan

This type of loan is designed specifically for self-employed people, who have been trading for less than 12 months (ABN must be registered at time of application) and wish to self-certify their net income. Traditionally called a Low Doc Loan. With this loan you can: 

• Borrow from $50,000 up to $1 million, for a period of 10 to 30 years
• Obtain up to 90% Loan to Value Ratio with paying the Lenders’ Mortgage Insurance premium
• Chose from a variable interest rate or a fixed rate for 3 years
• Repay your loan monthly, fortnightly or weekly including by direct debit
• Step Down to a lower variable rate from the 3rd anniversary of settlement provided you have no arrears on your loan and have not missed any repayments 
• Benefit from a 1% to 2% p.a. interest rate discount option, which is applicable for the first 12 months from the date of settlement, depending on the loan. (Please note: Deferred establishment fees apply to loans discharged within the first 4 years)
• Choose a Line of Credit facility, including phone or internet, ATM and EFTPOS Access and monthly statements. 

 This type of loan is ideal for people who have limited financials but may: 

• Be having difficulty obtaining high Loan to Value Ratio loans from other lenders
• Want to buy a home but also have an unusual deposit
• Wish to consolidate other debts
• Have an Impaired | Bad Credit rating. 

With this loan you will need to provide your latest personal and business (1 month - issued within last 90 days) bank statements and other documentary evidence including an ABN. 

Bad-credit-loans.com.au, will put you in touch with a suitable lender who will look at your individual situation and provide clear advice, guidance and assistance to help you move forward and where possible obtain the funds your need to get your life back on track.