AIMS Home Loans
Australian Credit Licence
Number 389027
Product Details
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AIMS Flexi LoDoc Variable Home Loan - This product is temporarily suspended

Features

Purpose: To purchase or refinance an investment residential property. 
Minimum Loan Amount: $100,000.00 
Maximum Loan Amount: $1,000,000.00 
Term: 15-30 years 
Loan to Valuation Ratio(LVR): 80% - Investment. 
Interest Calculation: Calculated on the daily balance and debited monthly in arrears 
Fixed Rate Option: Available from 1 - 3 years 
Repayment Type: P & I or Interest Only 
Interest Only Period: Available from 1 - 10 years 
Repayments: Fortnightly or Monthly 
Repayment Method: Direct Debit or BPay 
Mortgage Insurance: $0 for LVR less than and equal to 70% and for loan amounts < $500,000. 
Capitalization of Mortgage Insurance: Investor – up to a maximum LVR of 82%. 
Establishment Fee: $660 Single Security (Additional Security $385); an additional valuation fee applies in most cases when the purchase price/market value > $500,000. 
Account Keeping Fee: Nil 
Ongoing Fee: Nil 
Additional Repayments: Available - Unlimited 
Early Repayment Fees: Not applicable from 1 July 2011 
Security: Registered First Mortgage. 
Redraw Facility: Available - Unlimited 
Splits: Available - Maximum of 2. 
Construction:
  • Available
  • Standard loan fees apply plus a Construction Fee of $830 and Drawdown Fees of $87 per drawdown
  • Construction interest rate loading of 0.25% p.a. applicable during construction period
  •  
    Overseas Borrower/s: Yes. Up to 70% LVR. 
    Telephone & Internet: Available. 
    Portability: Available. 
    Other Features: Annual Interest Paid in Advance Option available - Investors only. 
    Special Requirements: * <70% LVR, no requirement for ABN; 70%-80% LVR, a current ABN and confirmation GST registered are required.
    * PAYG borrowers are available up to 70% LVR
    * Investment only
    * Security location restrictions apply. 
    Apply for a new home loan
    For existing customers
    Or call 02 9217 2727