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Low Doc Home Loan

A home loan for self-employed and business owners with uneven cash flow
  • Get up to 0.70% p.a. discount off the variable rate on our Low Doc Home Loan4
  • Ideal for self-employed people or small business owners who don't have the required proof of PAYG income to apply for a standard home loan
  • You can apply using simple documentation such as your last 12 months of Business Activity Statements (BAS)
  • Choose a Fixed Interest Rate, a Variable Interest Rate or a combination of both for your Low Doc Home Loan.

A St.George home loan expert will contact you at your preferred time

Flexible Low Doc home loan

A flexible home loan for self-employed people and small business owners with fluctuating income.

Easy to apply

Provide simplified credit documentation to apply.

Choice of fixed or variable interest rates

Choose a Variable Interest Rate, a Fixed Interest Rate or a combination of both.

Choice of loan term & repayments

Choice of term up to 30 years for principal and interest repayments or up to 5 years for interest based repayments on Owner Occupier## loans and up to 15 years for interest based repayments on Residential Investment### loans.

Property, vacant land and building

  • Available for purchase of property and vacant land
  • The Variable Interest Rate portion of a Low Doc Home Loan can be used for building

Loan Amount

Apply to borrow up to 80% of the value of the secured property for variable or fixed interest rate Low Doc Home Loans. Lender's Mortgage Insurance is required if you borrow more than 60% of the value of the secured property as determined by us.

Great features!

Features include redraw, full interest offset or partial interest offset, rate lock, Deposit Protect Bond and more!

Compare

Fees

Establishment fee

$7501

Monthly administration fee

$12

Other fees and changes apply. See a complete list of fees for loan accounts.

Variable Interest Rates

Residential Investment Home Loans

This includes investment loan applications where the principal property securing the loan will be used to derive rental income or where the loan application purpose is to invest in real estate or to construct or make property improvements to an investment.

For our Residential Investment Home Loan interest rates with Interest Only repayments, please see Residential Investment (Interest Only) Home Loan Interest Rates.pdf.

For our Residential Investment Home Loan interest rates with Principal and Interest repayments, please see Residential Investment (Principal & Interest) Home Loan Interest Rates.pdf.

 

Owner Occupier## Home Loans

For our Owner Occupier Home Loan interest rates with Interest Only repayments, please see Owner Occupier (Interest Only) Home Loan Interest Rates.pdf.

For our Owner Occupier Home Loan interest rates with Principal and Interest repayments, please see interest rates below

Variable Rate

Comparison rate2

% p.a.

% p.a.

Low Doc Variable Home Loan Discounts for Variable Rate loans

Total borrowing amount

Standard Discount

$0 - $249,999

0.00% p.a.

$250,000 - $499,999

0.60%p.a.

$500,000+

0.70%p.a.

Fixed Interest Rates

Residential Investment Home Loans

This includes investment loan applications where the principal property securing the loan will be used to derive rental income or where the loan application purpose is to invest in real estate or to construct or make property improvements to an investment.

For our Residential Investment Home Loan interest rates with Interest Only repayments, please see Residential Investment (Interest Only) Home Loan Interest Rates.pdf.

For our Residential Investment Home Loan interest rates with Principal and Interest repayments, please see Residential Investment (Principal & Interest) Home Loan Interest Rates.pdf.

 

Owner Occupier## Home Loans

For our Owner Occupier Home Loan interest rates with Interest Only repayments, please see Owner Occupier (Interest Only) Home Loan Interest Rates.pdf.

For our Owner Occupier Home Loan interest rates with Principal and Interest repayments, please see interest rates below

Term

Annual rate

Comparison rate2

1 year Fixed

4.54% p.a.

5.59% p.a.

3 year Fixed

4.00% p.a.

5.28% p.a.

5 year Fixed

4.14% p.a.

5.12% p.a.

Repayment options for your Low Doc Home Loan

Frequency

Choose either:

  • Principal and interest repayments for up to 30 years, or
  • Interest based repayments for up to 5 years for Owner Occupier## home loans and 15 years for Residential Investment### home loans.

Weekly

Fortnightly

Monthly

Loans with Principal and interest repayments

yes

yes

yes

Loans with Interest based repayments

no

no

yes

Additional payments

Automatic repayments

Set up convenient automatic repayments from your nominated account

Interest in advance

On Fixed Interest Rate investment loans, choose to pay interest in advance

All the features you need

Simplified documents to apply

  • Your ABN/ACN
  • Last 12 months Business Activity Statements (BAS)
  • Loan statements for past 6 months for loans that are being refinanced with a Low Doc Home Loan
  • Latest account statements on any other debts or loans that are not being refinanced with your Low Doc Home Loan

Consider splitting your loan

Lock in a fixed rate

  • Rate lock lets you secure an advertised Fixed Rate for up to 3 months before your Low Doc Home Loan settles
  • Available on the Fixed Interest Rate portion of a Low Doc Home Loan

Full interest offset or partial interest offset

  • With a full interest offset (Mortgage Equaliser or Repayment Offset) for a variable rate loan, you could save interest by offsetting the funds in your linked St.George Complete Freedom transaction account against the amount of your Low Doc variable rate home loan.
  • With a partial interest offset for a fixed rate loan, you could receive a reduced interest rate for the portion of the Home Loan equal to the balance in the linked transaction account.

Redraw

  • Access extra payments you make by requesting a redraw3 on the Variable Interest Rate portion of your Low Doc Home Loan
  • For fixed interest rate loans, redraw is only available for loans fixed on or after 30 November 2009 and can only redraw up to a maximum of $10,000 each year or break costs will apply
  • You could save on redraw fees by making your request over the phone or via Internet Banking

Deposit Protect Bond

  • Use a Deposit Protect Bond instead of paying a cash deposit immediately, and keep earning interest on your deposit money right up until settlement
  • Also ideal when using equity in an existing property to finance your purchase

Loan Amount

Apply to borrow up to 80% of the value of the secured property for variable or fixed interest rate Low Doc Home Loans. Lender's Mortgage Insurance is required if you borrow more than 60% of the value of the secured property as determined by us.

Increase your loan amount

Apply online through Internet Banking, call us on 13 33 30 or visit any St.George branch

Apply online

Apply now. It takes just 15 minutes!

Enquire online

Enquire now and a St.George home loan expert will call at your preferred time.

Call us

13 33 30. To talk with a St.George home loan expert, say "New Mortgage" when prompted

Visit a branch

Find your nearest branch

What you’ll need to apply

  • Your ABN/ACN
  • Last 12 months Business Activity Statements (BAS)
  • Loan statements for past 6 months for loans that are being refinanced with a Low Doc Portfolio Loan
  • Latest account statements on any other debts or loans that are not being refinanced with your Low Doc Portfolio Loan
  • If you have a joint home loan account with a PAYG borrower, they will need to meet the standard income and employment checks

Find out what information you need to provide to become a customer

Tips

How to apply

Important information

Conditions, fees and credit criteria apply.

Before making a decision, it's best to read the terms and conditions:

Please read these documents and keep a copy. You can request a paper copy at a branch.

The information on our website is prepared without knowing your personal financial circumstances. Before you act on this, please consider if it's right for you. If you need help, call 13 33 30.

## Excludes Investment loan applications where the principal property securing the loan will be used to derive rental income or where the loan application purpose is to invest in real estate or to construct or make property improvements to an investment property. 

### Excludes loan applications for owner occupier purposes (where the owner owns the property in which they live or intend to live in). Includes Investment loan applications where the principal property securing the loan will be used to derive rental income or where the loan application purpose is to invest in real estate or to construct or make property improvements to an investment property. Refer to stgeorge.com.au/homeloans or call us for more information on current offers available.

1. Other upfront fees and costs may apply.

2. The comparison rate is based on a loan of $150,000 over a 25 year term. Where a fixed rate term applies, after the fixed rate period expires the interest rate will revert to the relevant Standard Variable rate. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

3. Redraw requests are subject to our approval. Fees apply. For fixed rate loans, redraw is only available for loans fixed on or after 30 November 2009 up to maximum of $10,000 or break costs may apply.

4. The following interest rate discounts are only available for variable rate loans: for loans between $250,000 and $499,999, 0.60% p.a. discount will be applied; for loans greater than $500,000, 0.70% p.a. discount will be applied. No discount applies for loans below $250,000.

5. Excludes Investment loan applications where the principal property securing the loan will be used to derive rental income or where the loan application purpose is to invest in real estate or to construct or make property improvements to an investment property. Refer to stgeorge.com.au/homeloans or call us for more information on current offers available.