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RAMS Fixed Rate SE Pro Pack

Protection against rising interest rates for larger loans

If you’re self employed and have total RAMS borrowings of $150,000 or more, a RAMS Fixed Rate Pro Pack offers you peace of mind and repayment certainty. So you can plan your budget safe in the knowledge that whatever happens in the financial markets, your rate, and 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, 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 or valuation if lower (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
  • Interest Only In Advance Option. Conditions apply, see more details
  • Redraw facility (minimum $1000)
  • Construction Option available

Scenario

The Problem:

Kathryn is self-employed and wants to buy a house priced at $400,000. She has a 20% deposit available and funds to cover her transaction costs. She is concerned about future interest rate rises and would like to fix her interest rate.

The Solution:

Since she is borrowing over $150,000, Kathryn can choose a RAMS Fixed Rate SE Pro Pack loan. She can borrow 80% of the purchase price and decides to fix her home loan interest rate for five years. All she needs to support her application is a signed Borrower’s Declaration form stating your income together with 12 months of BAS* statements, an Accountant’s letter or (if refinancing) statements for the last six months of the loan(s) being refinanced.

At the end of the five year fixed rate term, the interest rate on her loan will revert to the applicable RAMS SE Pro Pack variable rate.

"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.