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Ought i get a personal zero doc loan?

Ought i get a personal zero doc loan?

All four of biggest banking companies and lots of of biggest loan providers in australia not give zero doc lenders.

The lenders which can help was shorter, specialized low-banking institutions that usually charges a top rate of interest than simply the lowest doc mortgage with a traditional financial.

In addition to this, Loan providers Mortgage Insurance (LMI) isn’t available, so these lenders usually charge a-1% to help you 2% application payment to fund its exposure in addition to handling costs.

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