Important information

Please be aware of the following;

Effective Immediately Tuesday 6th March 2012 Credit License Cancellation Lodged By Us With ASIC

Ability Finance have elected to cease all credit activities covered by ASIC credit licensing for various reasons including but not limited to;

  1. Lender commission cuts over the past few years.
  2. Additional liability, workload and costs arising from National Credit Licensing
  3. Lender minimum volume restrictions which result in smaller brokers not being able to offer all options to customers.
  4. Regularly encountered inexperienced lender staff who are unaware of their own employers policies whose advice wastes both broker and customers time and resources.
  • As a blog style website there is only historical content contained within this website that is out of date and no longer applicable. This content must only be used for historical reference purposes.
  • Ability Finance, through choice, no longer represent any lenders who may be historically referred to within this website.
  • No information or content contained on this site should be relied on as being current.
  • No content contained within this site should be taken as advice in any way at all.

Should you feel there is any content that should be removed from this site please contact the webmaster.
By any chance you feel specific content is interpreted as offering any credit activities by us it is to be ignored, please report to the webmaster for removal or modification.
If you are legally entitled to engage in credit activities and would like to advertise on this site please contact the webmaster.
If you would like a website developed or even to purchase this site modified to your requirements please contact the webmaster.
Meanwhile we are working hard at creating a one stop shop for purchasing high quality spray painting equipment online including an extensive range of the best spray gun models we are able to offer at discounted prices everyday right across the complete range of available spray gun models. Online spray gun prices with old fashioned personal service levels.

Bankwest Low Doc Home Loan


Introducing the Bankwest Low Doc Home Loan.

This new loan will be replacing the Easy Doc Home loan as from 1, August 2009. The Low Doc Home Loan is a variable rate home loan product for self-employed borrowers who are unable to provide up to date financial information. The Low Doc can be used for the purchase, refinance or construction of Owner Occupied or Investment residential property, or for any personal investment purpose. The interest rate of the new Low Doc Housing Loan is tiered based on the LVR. Customers with an LVR of under 60% will receive a discounted rate. The new Bankwest Low Doc Home Loan has been created to ensure we remain competitive, so we are the preferred choice for customers who need more flexibility in a home loan.

Key Features

  • Loan size is $20,000 and the maximum loan size of $2.5 million per loan without LMI or $1,000,000 per loan with LMI (subject to location limits-refer QBELMI location guide).
  • The SLM stays the same as the current Easy Doc Home Loan, max 60% without LMI and max 80% with LMI - this will differ for country and regional areas.   
  • A 100% offset account is available. Monthly offset fee of $15 applies.
  • A valuation must be completed with all deals.
  • After two years of satisfactory conduct the Bankwest Low Doc Home Loan can be transferred to any of our other home loan products.  The standard transfer policy and fees apply.
  • Customers can’t transfer from their existing Easy Doc Home Loan into the Bankwest Low Doc Home Loan.
  • The standard $700 application fee applies to this home loan product.
  • Customers are able to withdraw a minimum $1000 per transaction via home loan access, and have access to free online redraw.
  • Deals with between 60% and 80% LVR must only be for the purchase of a new property. Re-finances for this LVR range will not be approved by QBE.