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AAA Money Residential Loans
Loans that Work For You
AAA Money have a variety of products that cater to self-employed/small business owner borrowers
Make extra repayments to pay off your loan faster
Redraw your extra repayments, or use an offset account
Interest only or principal and interest
Your interest rate will not change during the fixed period
Choose from 1-5 years or 10 year fixed rate terms
Outside the Box
Complex investment loans
wholesale interest rates
Consutrction and renovation loans
Self employed financing
Self employed and small business owners
What about Lo Doc Loans?
As a self-employed person, you may have heard of “low doc loans”, where lenders look at a different set of financial measures to assess your application.
The fact is, low doc loans are becoming less common due to responsible lending requirements, which call for your lender to be sure you can comfortably handle your loan repayments.
That said, the low doc route can be helpful for particularly a start-up business that is unable to present two years' worth of financials.
The downsides of low doc loans include the following:
Not all lenders offer them.
They often incur a higher interest rate.
You may be asked to provide a larger deposit (compared to a traditional home loan).
Lo Doc Product Features
Loan Amount: $2,500,000
Interest Only Option: 1-5 years
Alt Doc Income Requirements: Accountant letter; or 6 months BAS; or 3 months Business bank statements