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Low Doc Portfolio Loan

A flexible line of credit for people with fluctuating income

  • Get up to 0.70%pa discount off the variable rate on our loan Low Doc Portfolio Loan8
  • Low Doc Portfolio Loan is a flexible line of credit that combines your personal and investment finances into one loan
  • Ideal for self-employed people or business owners who don't have the required proof of PAYG income to apply for a standard home loan
  • If you have uneven cash flows, you can provide simple documentation such as your last 12 months of Business Activity Statements (BAS)
  • Create up to 10 sub-accounts1 under your Low Doc Portfolio Loan to suit your investment and lifestyle needs
  • Make other investments and build assets – including shares, investment properties or even a new car.
Apply online

A St.George home loan expert will contact you at your preferred time.

Flexible Low Doc loan to build wealth

  • A flexible line of credit for self-employed people and business owners, where you can borrow against the value of your secured property to purchase your home and make other investments1

Easy to apply

10 sub-accounts

  • Open up to 10 sub-accounts for your investment or lifestyle needs (e.g. one for an investment property, one for shares etc), which may have different ownership structures1 to manage your tax and finances. Each sub-account has separate monthly statements.

Choice of fixed or variable interest rates

Loan term & repayments

  • Low Doc Portfolio Loan is an ongoing line of credit, with no set repayment term and flexible repayments
  • Choose to pay as often as you like, but at least monthly
  • Interest applies only to the outstanding balance.

Property and vacant land

  • Available for property or vacant land purchase and building where there are contract builders

 

Great features!

  • Features include 24/7 access to your funds via ATMs, EFTPOS, Phone and Internet Banking2 , rate lock, Deposit Protect Bond and more!

For your business

Loan Amount

  • Apply to borrow up to 80% of the value of the secured property for variable or fixed interest rate Low Doc Home Loans3 . Lender’s Mortgage Insurance is required if you borrow more than 60% of the value of the secured property as determined by us.

Compare

Fees
Establishment fee
  • $7504
Additional sub-account fee
  • $100 per additional sub-account
Your choice of a monthly account administration fee or an annual fee Monthly fee
  • $17 per sub-account per month
or Annual fee
  • $250 per annum for all sub-accounts
Other fees and charges apply. See a complete list of fees for loan accounts
Interest rates
Variable Rate  p.a.
Low Doc Variable Home Loan Discounts for Variable Rate loans
Total borrowing amount Standard Discount
$0 - $249,999 0.00% p.a.
$250,000 - $499,999 0.60% p.a.
$500,000 + 0.70% p.a.
Fixed Rate
Term Annual rate
1 year Fixed  p.a.
3 years Fixed  p.a.
5 years Fixed  p.a.

How it works

  • Use up to 10 separate sub-accounts for your investment or lifestyle needs1
    • Your primary sub-account may be your existing home and you can create up to nine more sub-accounts, perhaps for investment properties or shares
    • Your primary sub-account always has a variable interest rate and choose a fixed or variable interest rate for each additional sub-account.
  • The ownership structure for each sub-account may be different, to help with managing your tax and other finances
  • Separate monthly statements will be issued for each sub-account to make managing your investments easier.

 

All the features you need
Repayments
  • Frequency
    • Choose to pay as often as you like, but at least monthly
    • Interest applies only to the outstanding balance.
  • Additional payments
Simplified documents to apply
  • Your ABN/ACN
  • Last 12 months Business Activity Statements (BAS)
  • Loan statements for past 6 months for loans that are being refinanced with a Low Doc Portfolio Loan
  • Latest account statements on any other debts or loans that are not being refinanced with your Low Doc Portfolio Loan
24/7 access to funds
Use up to 10 sub-accounts to build your wealth
  • Open up to 10 sub-accounts to suit your investment and lifestyle needs
  • Your primary sub-account must be on a variable interest rate and all other sub-accounts may be on a fixed or variable interest rate
  • All sub-accounts can be used for purchasing a home, an investment property or investing in shares
  • Sub-accounts may have different ownership structures to help you manage your tax and finances, but a sub-account holder must be one or more of the Low Doc Portfolio Loan borrowers and any remaining borrowers must be guarantors to that sub-account
  • Calculate how a Low Doc Portfolio Loan can help you build your wealth
Easy reporting
  • Separate monthly statements for each sub-account to make managing investments easy
Increase your loan amount
Choice of fixed or variable interest rates
Lock in a fixed rate
  • Rate lock lets you secure an advertised Fixed Rate on fixed rate sub-accounts for up to 90 days before your Low Doc Portfolio Loan settles or the interest rate period on your current St.George home loan ends7
Low Doc Portfolio Loan and your business
Deposit Protect Bond
  • Use a Deposit Protect Bond instead of paying a cash deposit immediately, and keep earning interest on your deposit money right up until settlement
  • Also ideal when using equity in an existing property to finance your purchase

Apply online

Apply online It takes just 15 minutes!

Enquire online

Enquire now and a St.George home loan expert will call at your preferred time.

Call us

13 33 30. To talk with a St.George home loan expert, say "New Mortgage" when prompted

Visit a branch

Find your nearest branch

What you'll need to apply

  • Your ABN/ACN
  • Last 12 months Business Activity Statements (BAS)
  • Loan statements for past 6 months for loans that are being refinanced with a Low Doc Portfolio Loan
  • Latest account statements on any other debts or loans that are not being refinanced with your Low Doc Portfolio Loan
  • If you have a joint home loan account with a PAYG borrower, they will need to meet the standard income and employment checks

Tips

 

How to apply

Important information

Conditions, fees and credit criteria apply.

Before making a decision, it's best to read the terms and conditions:

Please read these documents and keep a copy. You can request a paper copy at a branch.
The information on our website is prepared without knowing your personal financial circumstances. Before you act on this, please consider if it's right for you. If you need help, call 13 33 30.

1 A sub-account holder must be one or more of the Low Doc Portfolio Loan borrowers. The remaining borrowers on the Low Doc Portfolio Loan must be guarantors on that sub-account. Any Low Doc Portfolio Loan borrower who is not a sub-account holder of a particular sub-account must guarantee that sub-account.
2 Subject to systems availability.
3 Property value as determined by St.George.
4 Other upfront fees and costs may apply.
5 The comparison rate is based on a loan of $150,000 over a 25 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
6 Rate lock requests are subject to our approval. Fees apply.
7 Where a fixed rate term applies, after the fixed rate period expires the interest rate will revert to the relevant Standard Variable Rate.
8 The following interest rate discounts are only available for variable rate loans: for loans between $250,000 and $499,999, 0.60% p.a. discount will be applied; for loans greater than $500,000, 0.70% p.a. discount will be applied. No discount applies for loans below $250,000.