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Altdoc Loan

The Allstate Altdoc Loan is a low documentation product suitable for those self employed borrowers wishing to obtain a loan without the requirement to provide the traditional proof of income documents.

So if you are looking at only borrowing a maximum of 80% of the property value and need a streamlined application process where minimal paperwork is required then aAltdoc loan may be suitable for you.

LVR up to 80% plus capitalise the Mortgage Insurance

OurAltdoc product allows you to borrow up to 80% of your property value PLUS you have the option of capitalising the mortgage insurance premium on top of this amount.

Line of Credit or 100% Offset

OurAltdoc product range also gives you the option of having a Line of Credit or 100% Offset facility.

Principal and Interest or Interest Only repayment structures

Put simply, you can choose whether initially you would like to repay just the interest on the amount you borrow or both principal and interest repayments. Paying back just the interest to start with may suit borrowers who have limited funds in the first few years of their loan.

Fixed or variable interest rates

A fixed interest rate helps with budgeting and gives you the security of knowing exactly how much your repayments will be each month as the rate is fixed for a set period of time. A variable interest rate can fluctuate at any given stage throughout the life of your loan, which means that your minimum required repayment will also fluctuate. You can even choose a fixed rate option with an offset account.

Full internet and telephone banking is available.

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