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 SmartWay Low Doc

Low paperwork and smarter money management

RAMS SmartWay Low Doc Home Loan is ideal if you're looking for the convenience of money management facilities such as ATM, EFTPOS and chequebook access. 

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)
  • Up to a total of 5 years interest only repayments
  • Simplified paperwork
  • 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


Scenario

The Problem:

Muriel is buying her first home for $450,000 and wants to borrow $360,000. She has been self-employed for a number of years and wants a transactional home loan account. She’s going to take out her loan for 25 years, but would really like to be able to pay it off before then.

The Solution:

Muriel chooses a RAMS SmartWay Low Doc Home Loan because it gives her the money management facilities she is looking for. She can pay her earnings directly into her home loan and any extra payments will reduce her outstanding loan balance. Plus she can access any extra payments at anytime through ATM, EFTPOS and a chequebook.

Muriel will find the application process easy – all she needs to support her application is provide a signed Borrower’s Declaration form together with 12 months of BAS* statements or an accountant's letter.

"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. The product conditions set out in this document apply to loans available through RAMS Home Loan Centres. *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.

.