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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 SE Pro Pack 80

A low doc loan with a preferential rate

A discounted rate home loan for self-employed clients with total RAMS borrowings of $100,000 or more who wish to borrow up to 80% of the purchase price (or valuation if lower), plus money management facilities such as ATM, EFTPOS and chequebook with 25 free transactions every month.

Plus, like all RAMS low doc loans, all you need to support your application is a signed Borrower Certificate of Income Declaration form 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:

  • Discounted1 interest rates for the life of your loan
  • Borrow up to 80% of the purchase price or valuation if lower (owner occupiers and investors)
  • Up to a total of 5 years interest only repayments
  • Redraw access to overpayments (no minimum)
  • 25 free transactions every month across all access methods (ATM 2, EFTPOS and chequebook)
  • Choice of deposit methods; Direct Debit, Salary Credit or Bank@Post
  • Lifestyle Option available
  • Construction Option available
  • Repayment Holiday available

Scenario

The Problem:

Brian is a self-employed car mechanic purchasing an investment unit valued at $250,000. He wanted to borrow as much as possible and maximise his potential for negative gearing benefits. He had looked at full doc home loan options, but doesn't have up--to-date financials to support his application.

The Solution:

RAMS SE Low Doc 80 suits Brian very well. He can borrow $200,000 (80% of the property valuation) and subject to meeting RAMS lending criteria, all Brian needs to support his application is a signed Borrower’s Declaration form along with confirmation of his 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.

What's more, he benefits from a low discounted1 rate for the life of his loan.

Meet with a RAMS Home Loan expert today to find out how we can help with your home loan needs.

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. 1Discounted off the RAMS SmartWay Variable Rate. 2Free 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.