This loan is a pure asset-lend, no documentation loan. It must be unregulated i.e.
business or investment purposes only and suits those borrowers who do not wish to
provide any details regarding income, assets and liabilities. Income must be
self-certified.
Applicant type
Individuals, Companies, Trusts.
Employment requirements
No verification required
Income: required proofs
No proof required
Loan amounts minimum & maximum
$30k to $2 mil
Purpose
Owner-Occupied, or Investment
LVR
Below 70%, can go up to $2 mil
Between 70% & 75% max is $1mil
Coded, non-coded, or either
Non-coded only
Credit related issues
Not checked
Variable, fixed or both
Must be fixed except the 30 year term, then variable
