Personal Finance > Home loans > Home loan products > Solutions for the self-employed
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Solutions for self-employed
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You run your own business, have an income and assets, but don't have the usual financial statements required for a home loan.
NAB has home loan solutions tailored to help you get the funds for your first home or your next.
| How does it work? |
All you do is go through the normal application process. And you confirm your income through an income declaration. That's it. It's called a 'Low Doc' process.
NAB 'Low Doc' loans are available to self-employed people who have a good credit history and a current ABN. These loans can be used for residential property and personal investments.
A 'Low Doc' loan allows you to borrow up to 80% of your property value. |
| What NAB 'Low Doc' products are available? |
'Low Doc' loans range from a variable or fixed rate loan to a line of credit.
The NAB Tailored Home Loan - Variable Rateincludes a 100% offset option, redraw and gives you the ability to make as many additional repayments as you please.
The NAB Tailored Home Loan - Fixed Rateprovides a fixed rate with the flexibility to make additional repayments of up to $20,000 during the fixed rate period.
Then there's NAB FlexiPlus Mortgage, which provides a credit limit accessed through a transaction account so you can use your loan money as and when you need it. |
| You'll benefit from NAB's competitive rates |
You'll start well at NAB with a competitive rate - you can be confident you've got a good deal. Furthermore, we'll show you ways to keep repayments manageable and help pay off your loan sooner. |
| How to apply |
Apply at any branch or by calling 13 13 12. For information on business loans using the Business 'Low Doc' process call 13 13 12. |
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