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CREDIT IMPAIRED LOAN


This loan is designed to assist those borrowers with a poor credit history. By refinancing and consolidating your debts you may be able to minimise your repayments, settle debts in default and eventually clean up your credit rating. The level of impairment can range from arrears to bankruptcy with interest rates determined by level of credit impairment and LVR


Applicant type

Individuals, Companies, Trusts.

Employment requirements

P.A.Y.G. is O.K. Self-employed must be for one year

Income: required proofs

Payslips, group certificates or employer letter. Self-employed, two years tax returns.

Loan amounts minimum & maximum

$30k to $2 mil

Purpose

Owner-Occupied, or Investment

LVR

95% or 90% for low doc

Coded, non-coded, or either

Either

Credit related issues

Major credit impairment is O.K.

Variable, fixed or both

Variable only

P&I, I/O, or both

Both

Residency Status

Citizens and permanent residents

Comments, special conditions

 

Approximate  rate

Call us for the best rate

 

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Friday, 22 August 2008