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Buying your first home7 steps to home ownershipFirst Home Owners GrantYour storiesChecklistsFixed Rate Home LoanThe easy way to fix your loanFull Feature Home LoanAll you'll ever need in a home loanLow Rate Home LoanNo fuss, no frills, low rateSelf-employedLow Doc Fixed Rate Home LoanFixed rate loans for the self-employedLow Doc Home LoanWorking harder for the self-employedLow Doc Line of CreditUnlock your equityRefinancingRenovation helpFixed Rate Home LoanThe easy way to fix your loanFull Feature Home LoanAll you'll ever need in a home loanLow Rate Home LoanNo fuss, no frills, low rateInvestingInvestment SeminarsFirst time investor e-mail programFree Residex ReportKickstart Investor ProgramArticles for property investorsFixed Rate Home LoanThe easy way to fix your loanFull Feature Home LoanAll you'll ever need in a home loanInvestor Home LoanBest investment home loanLine of CreditUnlock the equity in your homeOur home loansFixed Rate Home LoanFull Feature Home LoanLow Rate Home LoanInvestor Home LoanLine of CreditLow Doc Fixed Rate Home LoanLow Doc Home LoanLow Doc Line of CreditFlexible featuresValue Advantage PackageDeposit BondFast TrackConstruction OptionLifestyle OptionInterest only in Advance OptionBridging LoanOffset AccountHome loan calculatorsProperty cash flow analyzerEasy savings calculatorRepayments calculatorAffordability calculatorExtra repayments calculatorStamp duty calculatorBudget planner...more calculatorsInterest ratesResources & FAQsFees and chargesFrequently asked questionsForms and downloadsGlossaryMortgage basicsHome loan hints & tips myRAMS See your balances, pay bills, transfer funds, mobile access
Self-employed Low doc home loans Working for yourself can sometimes mean you spend more time looking after customers and less time organising paperwork. So we’ve made it easier for the self-employed to apply for a home loan with a simplified application process with less paperwork… because we prefer looking after customers too! Meet with a home loan expert Have us call you Principal and interest calculator Lump sum repayments calculator More calculators How RAMS can help An easy application process makes it simple to access funds Borrow up to 80% of the purchase price Loans for owner-occupiers and investors It's easy to apply, all you need is: A signed Borrower Certificate of Income Declaration form. 12 months of Business Activity Statements or an accountant's letter. Statements for the last six months of any loans being refinanced. Home loans for self-employed customers Self-Employed Low Doc Fixed Rate Home Loan Fixed rate loans for the self-employed Details Self-Employed Low Doc Home Loan Working harder for the self-employed Details Self-Employed Low Doc Line of Credit Unlock your equity Details At a glance Interest rate p.a. Based on a $150,000 loan over 25 years 5.95% 7.23% 7.28% Comparison rate p.a. A nominal interest rate incorporating certain fees and charges to help consumers identify and compare the true cost of a home loan 7.59% 7.59% 7.56% Max LVR The maximum loan to value ratio (“LVR”) means the amount you can borrow expressed as a percentage of the security (property) value. For example, 90% LVR means you can borrow up to 90% of the value of the property 80% 80% 80% Min Loan size Minimum loan size to be borrowed $15,000 $15,000 $15,000 Max Loan size Maximum loan size to be borrowed $1,500,000 for LVR < = 60%$1,000,000 for LVR > 60% $1,500,000 for LVR < = 60%$1,000,000 for LVR > 60% $1,500,000 for LVR < = 60%$1,000,000 for LVR > 60% Redraw A redraw facility allows you access to the available funds (if any) in your home loan Yes! Yes! Yes! Splitting Splitting the loan into two (or more) accounts, usually one part at a fixed interest rate and the other at a variable interest rate Yes! Yes! Yes! Annual fee No No No Features Value Advantage Package3 Yes! Yes! Yes! Deposit Bond Yes! Yes! Yes! RAMS Fast Track No No No Interest Only In Advance Option5 Yes! No No Lifestyle Option Yes! Yes! No Construction Option8 Yes! Yes! No Bridging Loan No Yes! No Fees Application fee Fees charged to cover or partially cover the lender's costs of processing a loan approval for a home buyer $595 $595 $595 Valuation fee First valuation is free!$150 for each additional valuation First valuation is free!$150 for each additional valuation. First valuation is free! $150 for each additional valuation. Account keeping fee $20 per month $20 per month $20 per month Discharge fee $295 per loan $295 per loan $295 per loan Loan settlement fee $275 $275 $275 Fixed rates at a glance Fees summary With flexible features to make buying your first home easier Deposit Power Fast Track Lifestyle Option See all RAMS flexible features RAMS offers building, contents and landlord insurance e-Newsletter Subscribe to our free newsletter Talk to us to find out more Meet with a home loan expert Have us call you Frequently asked questions How do I apply for a loan?What documentation do I need to provide?What is a Low Doc loan?Am I eligible for a RAMS home loan?I'm self-employed. Can I borrow from RAMS? Why Choose RAMS? Great rates Award winning Leading Australian Non-Bank lender Real choice and better value Disclaimer: Warning: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Fees, charges, limitations and lending criteria apply. *Maximum LVR is 80% inclusive of Lenders Mortgage Insurance. ** Value Advantage Package available for customer’s with total RAMS borrowings of $150,000 or more. Value advantage package is subject to an annual service fee of $325.