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Homeloans MoniPower Lo Doc

The Homeloans MoniPower Lo Doc is a fully featured loan for self employed borrowers who are not able to provide tax returns. 100% offset and bridging finance are available with this home loan.

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Homeloans MoniPower Lo Doc features
Loan term 5 - 30 years
Loan purpose
  • Purchase
  • Refinance
  • Debt consolidation
  • Equity release
  • Business purposes+
  • Construction
Borrower type
  • Individuals
  • Companies/ trusts
Deposit required Borrow up to 80% of the purchase price
Interest rate options
  • Variable
  • Fixed
Repayment frequency
  • Weekly
  • Fortnightly
  • Monthly
Repayment type
  • Principal & interest
  • Interest only
Repayment options
  • Salary credit
  • Direct credit
  • Bank@post
  • Direct debit
Split product option Yes, package with the Homeloans Monipower Line of Credit
Split rate option Yes
Redraw Yes, available via phone and internet banking
100% offset account Yes
Bridging finance Yes
Additional repayments Yes*
Internet and phone banking Yes
Loan portability Yes
Ongoing fees No

+Up to 20% of loan amount. Excluding working capital and the repayment of personal or business tax liabilities
*Unlimited during variable. $20,000 during fixed rate period.
All applilcations are subject to normal lending criteria, fees and charges may apply.

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