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Non-Genuine Savings Loans
This loan comprises the FullDoc assessment criteria and is suitable for borrowers who are able to furnish current financials and income evidence, but where less than 5% genuine equity is contributed to the transaction. To qualify for this program loans should exceed 85% LVR. Most lenders now require genuine savings of 3% as well as the non-genuine savings.
| Minimum Loan Amount | $30,000 |
| Maximum Loan Amount | $1,000,000 |
| Maximum LVR | 90% |
| Loan Term | Up to 30 years |
| Split Loans | Up to 4 |
| Interest Only Option | Yes |
| Fixed Interest Option | No |
| Inward Direct Debits/Credits & Bpays | Yes |
| Cheque Book | Optional extra |
| Outward Third Party Direct Debits | No |
| Credit Card Sweep | Yes |
| Internet and Phone Access | Yes |
| Construction available | Yes |
Please Contact Us if you want more information on what is classed as non-genuine savings or to apply for a loan or download an application form here.an application form.
