PFG Mortgage Managers WA are now offering
Low Doc Personal Loans
Some Frequently Asked Questions about our Low Doc Personal Loans
What is the minimum term for an ABN? 12 months
Do I need to have clear credit? Yes. No defaults or adverse credit should mark your Veda file.
Can the low doc personal loan be unsecured? No. All loans are secured by caveat, available in all states except Qld.
What is the maximum low doc personal loan size? $30,000 with security by way of caveat on property.Together with your current mortgage and the new caveat loan the maximum LVR cannot exceed 90%
What can you use the funds for? Any personal usage, such as: home improvements, funds to complete buying an investment property (can’t be used for business use).
What is the term of the low doc personal loans? Five years.
What is the approval time for a low doc personal loan? Normally 48 hours with funding within 72 hours of signing the contract.
Do I need my accountant to sign off my declaration? Yes, however no BAS or trading accounts are required.
Do you do PERSONAL VEHICLE and COMMERCIAL VEHICLE loans? Yes, however clear credit is required with your ABN registered for more than 12 months. The loan size varies from $15,000 to $150000 secured on the vehicle.