Self Employed Lite Doc®

Our Lite Doc® loan products are specifically tailored to support the self employed community. We understand that the paperwork required to fully verify income can at times be difficult and time consuming, but with our innovative and solutions focussed product, self employed now have a genuine alternative lending solution to help them meet their requirements and objectives.

Product Details:

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Product Name Lite Doc® Residential Lite Doc® Commercial
Current Rate^ 4.99%^ 6.29%^
Comparison Rate* 5.28%* n/a
Security Type Residential security Commercial security
Loan Purpose Any worthwhile purpose (incl cash out) Purchase or refinance commercial property including retail shops, offices, light industrial, and warehouses.
Verification Required Accountant’s letter or Trading Statements or BAS Accountant’s letter or Trading Statements or BAS
Personal or Business/Investment Purposes Both Both
Minimum Loan Amount $100,000 $100,000
Maximum Loan Amount $10,000,000 (70% LVR)
$2,500,000 (75% LVR)
$1,250,000 (80% LVR)
$10,000,000 (70% LVR)
Maximum LVR 80% 70%
Lenders Mortgage Insurance required No No
Maximum Loan Term 30 Years 25 Years
Repayment Type Principal & Interest Principal & Interest Only
Maximum Interest Only Term 5 Years reverting to P&I (+0.40% p.a. loading to interest rate) 5 Years
Interest Rate Type Variable Variable
Redraw Available Yes (no charge) No
Application Fee (excl. Val. & Legal Fees) from 1.25% of the loan amount from 1.25% of the loan amount
Risk Fee $0 $0
Additional Repayments Yes No

* The comparison rate is based on secured credit of $150,000 and a term of 25 years. WARNING Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. Terms, conditions, fees, charges and La Trobe Financial Lending criteria apply. ^ Depends on the loan amount, LVR and/or risk grade of the borrower.

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