St.George Home Loans for Self-Employed and Small Business Owners
When you apply for a loan you will find that there are many steps of the application and you will have to meet the high standards of the provider to be accepted. To be accepted for traditional loans you will have to provide a lot of information to the provider before you are accepted and some of this information will be your income. Most traditional loans will require you to have a stable income that can cover the repayments, however people who are self employed or are small business owners will not be able to show this. Fortunately, low doc home loans cater to people who are self employed and small business owners by offering loans that don’t have the stable income as a requirement.
What Type of Loans are Available to Self Employed People
The low doc home loans are the loans that will be offered to people who are self employed. The low doc home loans are:
- Low doc home loans. The low doc home loans are suited to people who are self employed and looking to buy a home because they will not require you to prove that you have a stable income. With a low doc home loan you will generally have to provide tax returns to show that you have been earning enough to make the repayments in the past.
- Features of the low doc home loans. The low doc home loans will generally function the same way as normal home loans. However, the low doc home loans will often require you to pay more interest and provide a larger deposit, usually around 30%.
Featured St.George Home Loans for Self-Employed People
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 St.George Low Doc Home Loan <$500k |
Interest only repayment option and redraw facility offered. | 7.19% | 7.38% | $850 / $12 | 80% | $50,000 / $1,500,000 |
 
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What Low Doc Home Loans are Available
The St.George Bank offers you a range of low doc home loans that will be suited to the self employed. These low doc home loans are:
- Low doc home loan. The low doc home loan is your basic low doc home loan offered by the St.George Bank. The low doc home loan will allow self employed people to get a loan even though they are unable to prove that they have a stable credit history. The low doc home loan will be a variable rate loan with few features.
- Low doc portfolio loan. The low doc portfolio home loan is a line of credit loan with the sub account feature. With the low doc portfolio home loan you will be able to divide all your investments into sub accounts that operate independently under the one loan. This will make it easier for you to manage your investments.
Business Owners Package
The St.George Bank allows you to save extra money by using the business owners package that is available. The business owners package is:
- What is the business owners package. The business owners package is a package that is offered with some low doc loans that will be able to help you save a bit of extra money.
- How will the business owners package help you. The features of the business owner package are a 0.70%p.a. discount off the interest rate, a credit card with no fees and establishment of the EFTPOS facility. All the savings that come with the business owners package will help you save money while paying off you low doc home loan.
If you are looking for a home loan but am unable to find one because you are self employed then the low doc home loans will suit you. The low doc home loans allow people who are self employed to get a loan even if you are unable to show a stable income. The St.George Bank offers you the choice between the normal low doc home loan and the low doc portfolio home loan.
Related posts:
- Home Loans for the Self Employed
- eChoice Lo Doc Home Loans
- Bank of Melbourne Low Doc Home Loan – for Business Owners
- Can Self Employed Workers Get A Home Loan?
- Home Loans for the Self Employed – Full Doc & Low Doc Home Loan Requirements
- NAB Solutions for Self-Employed (‘Low Doc’)
- St.George Low Doc Home Loan <$500k
- Home Loans For Self Employed Borrowers
- Bank of Melbourne Portfolio Loan – for Business Owners
- CBA Loan Options for the Self Employed
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 |
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 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 |
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 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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 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 |
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