request an appointment

Information for:

RAMS could give you a Standard Variable Rate that's lower than the banks - Ask us!
  • Add this page to your favourites
  • Print this page
  • Email this page

RAMS Low Doc 500 Plus

A preferential rate for loans of $500,000 or more

If you’re self-employed and borrowing over $500,000, a RAMS Low Doc 500 Plus Home Loan could be perfect for you. You’ll receive a preferential rate for the life of your loan and enjoy money management facilities such as ATM, EFTPOS and chequebook access.

Plus RAMS makes the home loan process easy for you with simplified paperwork. All you need to support your application is a signed Borrower's Declaration 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:

  • Preferential interest rate
  • Borrow up to 80% of the purchase price (owner occupiers and investors)
  • Up to a total of 5 years interest only repayments
  • Redraw access to overpayments (no minimum)
  • 15 free transactions every month across all access methods (ATM 1, EFTPOS and chequebook)
  • Choice of repayment methods; Direct Debit, Salary Credit, Bank@Post or BPAY 2
  • Lifestyle Option available
  • Construction Option available
  • Repayment Holiday available

Scenario

The Problem:

Chris and Samantha are buying an investment property in New South Wales for $650,000 and want to borrow $520,000. Chris has been self-employed running the family business for the past three years.

The Solution:

Chris and Samantha choose a RAMS Low Doc 500 Plus home loan with a preferential rate. In addition, they decide on interest only repayments for the first five years to maximise their potential to tax-deduct the entire repayments. To support their application, Chris simply needs to provide a signed Borrower’s Declaration form stating his income and ability to meet the 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, limitations and lending criteria apply. New loans only. *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.  1 Free ATM Transactions relate to Westpac, St George and Bank SA branded ATM's only.  Other Institutions may charge a fee for use of their ATMs. Payable in addition to fee for transactions over free threshold. 2 BPAY available for extra payments only, not scheduled loan repayments.