Low Doc Loans 2017
Low Doc Loans 2017 Award
Please note that this award is no longer current.
Canstar’s Low Documentation (Low Doc) Home Loan Star Rating uses a sophisticated and unique rating methodology that compares both cost and features across low doc products. Canstar star ratings represent a shortlist of financial products, enabling consumers to narrow their search to products that have been assessed and ranked. Canstar Low Doc Home Loan Star Ratings are a transparent analysis comparing all types of home loan products.
Report released August, 2017
Numbers crunched by Canstar Researchers
Award Winners
Lender of the Year - Low Doc Home Loan – Liberty Financial
Having achieved 5-Star’s for outstanding value in the 2016 Low Doc Home Loan Star Ratings, Liberty Financials’ Nova 60% Low Doc Home Loan product has continued to perform well in 2017, taking out the National Low Doc Home Loan Award.
The Nova 60% has an excellent array of features, offering the following to consumers:
- A redraw facility
- A Split facility
- The ability to make extra repayments
- An offset account
In addition to offering competitive interest rates for both investment and residential low doc home loans, Liberty financials’ has lower fees than many of their competitors. With a Liberty Financial low doc home loan, there is no settlement fee or ongoing fee.
This combination of price and features makes it a well-rounded product for the self-employed and small business owners and has seen Liberty Financial take out the 2017 Award for Lender of the Year – Low Doc Home Loan
Rates on low-doc home loans
| Residential | Investment | |
|---|---|---|
| Min | 4.03% | 4.30% |
| Max | 6.86% | 7.33% |
| Average | 5.23% | 5.47% |
| Interest Rates as at 15/07/2017 for $350k at 60% LVR | ||
Did you know? Low doc loans can be used for many purposes, not just for buying a house.
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