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RAMS could give you a Standard Variable Rate that's lower than the banks - Ask us!
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RAMS Fixed Rate Low Doc

A low paperwork, fixed rate home loan

If you’re self-employed and looking for peace of mind and repayment certainty, a RAMS Fixed Rate Home Loan is for you. Choose a fixed rate term that best suits your circumstances and plan your budget safe in the knowledge that your minimum home loan repayments, will not change throughout your chosen fixed rate period.

Plus, like all RAMS low doc loans, all you need to support your application is a signed Borrower Certificate of Income Declaration form stating your income together with 12 months of BAS* statements or an accountant’s letter or if refinancing, a signed declaration together with statements for the last 6 months of the loan(s) being refinanced.

Product Key Benefits:

  • Borrow up to 80% of the purchase price (owner occupiers and investors)
  • Choose how long you fix your rate; 1, 2, 3, 4, 5 or 10 years
  • Up to 10 years interest only repayments1
  • Extra repayments allowed, up to a total of $25,000 during the fixed rate period
  • Redraw facility (minimum $1000)
  • Interest Only In Advance Option. Conditions apply, see more details
  • Simplified paperwork for the self-employed
  • Construction Option available

Scenario

The Problem:

Duncan and Louise run a small business and wanted to borrow $240,000 to buy an investment unit priced at $300,000. They were concerned about future interest rate rises and wanted to fix their home loan interest rate. They hoped to be able to make occasional extra repayments.

The Solution:

Duncan and Louise decide on a RAMS Fixed Rate Low Doc Home Loan, with a term of 5 years. This gives them the peace of mind they're looking for; and still gives them the option of making extra repayments (up to a total of $15,000) during the 5 year fixed rate period. To support their application, they'll need to provide a signed Borrower’s Declaration form stating their incomes and their ability to make their repayments together with 12 months of BAS* statements or an accountant's letter or (if refinancing) a signed declaration together with statements for the last 6 months of the loan(s) being refinanced.

"RAMS can, so you can"

Meet with a RAMS home loans specialist today. We're available 7 days a week and if it suits you better, we'll happily come to you.

Fees, conditions and limitations apply. Subject to RAMS normal lending criteria. *If you manually lodge your BAS account statements, showing payment to the ATO is also required, plus evidence of 20% of the purchase price in other real estate, shares, equities, superannuation or deposit account. 110 year interest only option available for investment purposes only. If selected on RAMS fixed rate loans, the fixed rate term must also equal 10 years.