MyRate Lo Doc Loan

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Headline interest rate
-

Max LVR
80.00%

Annual fee
-

Moneybuddy says

The MyRate Lo-Doc Loan can help applicants who don't have the required documentation banks and other lenders usually require. The interest rate is higher than normal however, but over time, you can switch to another loan and take advantage of a lower interest rate. Pay no application fees and no on-going administration charges. You can split the loan for the best of both worlds and make unlimited redraws.

The Basics

Interest type -

Headline interest rate -

Max LVR 80.00%

Annual fee -

The cool stuff: features

Draw down loan progressively Yes

Insurance details Yes - above 80%

Loan is Transferable Yes

Line of credit available No

Product suits -

The Facts & Figures

Introductory rate -

Introductory term -

Interest rate 1 year -

Interest rate 2 years -

Interest rate 3 years -

Interest rate 4 years -

Interest rate 5 years -

Interest rate 7 years -

Interest rate 10 years -

Interest rate 15 years -

Comparison rate 1 year -

Comparison rate 2 years -

Comparison rate 3 years -

Comparison rate 4 years -

Comparison rate 5 years -

Comparison rate 7 years -

Comparison rate 10 years -

Comparison rate 15 years -

Comparison rate 8.10%

Minimum loan term 10 years

Maximum loan term 30 years

Min loan amount $100,000

Max loan amount $1,500,000

Early repayments Yes

Redraw facility Yes

Repayment holiday No

Ability to split loan No

Extra repayments Yes

Offset account available No

Interest only payments Yes

The ugly stuff: fees

Application fee $0

Valuation fee $0

Subsequent valuation fee -

Valuation fee details -

Discharge fee -

Discharge fee details -

Legal fee $0

Settlement fee $0

Redraw fee -

* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.