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General Details
Institution: Professional Lending Corporation
Contact Number: 1300 139 104
Product Name: PLC Low Doc Facility
Apply: n/a

Product Details
Availability: Primary applicant must be self employed. No income evidence required. Secondary applicants can be PAYG however they must provide evidence of their income. Self employed applicants less than 2 years are acceptable at 70% LVR. One CRAA default of no more than $500 paid at least 6 months prior to the application is acceptable. Other CRAA issues are considered on a case by case basis.
Loan Purpose: Owner Occupied OR Investment
Min Loan Amount (,000): $50
Max Loan Amount (,000 with Morgage Insurance): $1,000
Max Loan Amount (,000 without Morgage Insurance): 0
Max Loan to Value Ratio (without Morgage Insurance): 65%
Max Loan to Value Ratio (with Morgage Insurance): 80%
Max Loan Term: 30

Interest Rates
Interest Rate: 6.95%



Fees
Application Fee: $0 - $770
Settlement Fee: $0
Other Fee: Application fee Includes one standard valuation and standard mortgage document preparation. A 0.20% interest rate reduction will apply to borrowers who have demonstrated a satisfactory repayment history for the first 2 years of the loan.



Features
Weekly Repayments:
Fortnightly Repayments:
Monthly Repayments:
Extra Repayments:
Repayment Comments:
Redraw:
Min Redraw Amt: $50.00
Redraw Comments: $50.00 min redraw via phone or internet; $2,000.00 if completed manually
Portability:
Portability Fee: $220
Split Loan: