Rams SmartWay Low Doc
Posted March 9th, 2011
and last modified January 31st, 2012
What happens when I click Enquire Now?
- Clicking Enquire Now will take you to the lender's website
- After completing the contact form, a mortgage expert will contact you
- The mortgage expert will ensure you find the right loan, calculate your repayments, and explains all the associated fees
- After going through the enquiry process you will be able to know how much you can borrow, begin your application when you are ready to apply and be approved for a home loan
Save Time With A Loan
It can be very easy to get a Rams SmartWay Low Doc loan to work for you. This is a type of loan that will require a lower amount of documentation than what you are used to handling. It will be easy to get an application for this loan handled.
You can use this type of loan if you want to get a convenient option that allows you to have access to all sorts of different money management services. You can get access to ATM, EFTPOS and chequebook services. These are all useful things that will help you to have an easy time with getting debts handled.
How To Apply
The process for applying for a Rams SmartWay Low Doc will be very easy for you to handle. The only thing that is needed to help with supporting your application is a Borrower Certificate of Income Declaration. It will feature details on the income that you have gotten with twelve months of BAS statements. This will need to be signed if it is to be accepted.
You could also use an accountant’s letter if needed to support your application. Also, you will need to provide a signed declaration and statements on a loan from the past six months if you are going to get refinancing on a loan.
What Features Are There?
A good point about this loan is that you can get this type of loan to work with all sorts of money management functions. You can pay off your loan as you earn money. You can even use extra payments to handle your loan in order to reduce the interest involved on your loan. This is perfect if you want to use a loan that will last for a while but may be able to pay it off before than.
The other benefits that you can get out of a loan like this can be very useful. Here are some of the features of a Low Doc loan:
- You can borrow as much as 80% of the purchase price of your property.
- You can spend up to five years making interest only payments on your loan.
- The paperwork used to get the loan prepared and signed up for will be easy to handle. There will not be as much to use for this type of loan as there could be for something else.
- You can get redraw access to all overpayment’s on your loan. There is no minimum for getting this to work.
- You can use up to fifteen free transactions on your loan every month. These transactions can work through chequebook, EFTPOS and ATM forms. You can use these options to access all of your extra payments at any time.
Also, you can pay off your loan in many ways. You can use such popular options as:
- Direct debit
- Salary credit
- Bank@Post services
- BPAY may be used but only for extra payments on your loan
Alternate Options Are Open
You can also use different options for your loan. Rams offers Lifestyle and Construction options for loans.
The Lifestyle Option can allow you to defer your payments for six months. This can work two times during the life of your loan.
Also, a Construction Option can be used. This will help you to with not only giving you support for your home but also with the land that you need to get for your property.
You should see what a Rams SmartWay Low Doc loan can do for you. This can help you out with getting a loan that you will have an easy time with finding and paying off. This is a useful type of loan that you can use.
Read the Rams Smart Way Low Doc terms and conditions.
| Minimum Loan Amount | $25,000 | |
|---|---|---|
| Maximum Loan Amount | $1,000,000 | |
| Maximum LVR | 80% | |
| Maximum Insured LVR | 80% | |
| Mortgage Offset Account | No | |
| Loan Redraw Facility | No | |
| Split Loan Facility | No | |
| Fixed Interest Option | No |
| Interest Rate Type | Fixed | |
|---|---|---|
| Interest Rate | 8.73% | |
| Comparison Rate | 8.85% | |
| Repayment Type | Interest Only | |
| Repayment Frequency | Weekly | |
| Extra Repayments | No |
| Application Fee | $395 | |
|---|---|---|
| Service Fee | $120 |
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Loans.com.au - Dream Catcher | A home loan offer with a $0 application fee and one of the lowest available home loan interest rates. | 5.85% | 6.21% | $0 / $375 | 80% | $50,000 / $750,000 |
 
|
 Bankwest Online Home Loan | A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online. | 5.97% | 5.97% | $0 / $0 | 80% | $100,000 / $1,000,000 |
|
 Illawarra Home Loans Bank Beater Home Loan | A low variable rate, beaten down even further by 0.05% p.a. after 5 years. | 6.07% | 6.35% | $0 / $345 | 90% | $250,000 / $1,000,000 |
|
 State Custodians Mortgage Company Standard Variable Offset Loan | Awarded Mortgage of the Year 2012 – this multi-award winner features 100% offset and a loyalty 0.25% rate drop after 5 years. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
|
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