Near Prime Alt Doc
A simple home loan for self-employed borrowers who need a bit more flexibility.
Near Prime Alt Doc is for people who are self-employed with clear credit who need a bit more flexibility in their home loan product. If this sounds like you, Near Prime offers you more options for refinancing and simpler ways to prove your income, and can overlook small financial hiccups like a late electricity bill.
How to prove your income
Last 6 months' business bank statements, OR
Last 6 months' business activity statements (BAS)
Your personal loan consultant may request further documents depending on your specific situation.
Interest rates from 4.19% p.a.* (4.53% p.a. comparison rate**)
Borrow up to 85% loan-to-value-ratio (LVR) without paying Lenders Mortgage Insurance (LMI)
Judgements & defaults less than $1,000 or greater than 24 months old ignored
Unlimited debt consolidation, including ATO debt
and loans from private lenders
Release up to $200,000 of equity
Subject to credit assessment and lending criteria. Terms and conditions apply. Risk fee applies.
A Near Prime success story
SELF-EMPLOYED DAD USES BUSINESS BANK STATEMENTS TO UPSIZE THE FAMILY HOME
Darren has owned a successful carpentry business specialised in residential renovations for 3 years now.
With his kids getting older, he's decided it's time to upsize the family home, but with his business scaling significantly in the last year, his most recent tax returns don't tell the full story of his success. His large jump in income meant he also accidentally ran up a small tax debt he'd like to consolidate as part of his refinance.
Using 6 months' business bank statements, Darren was easily able to prove his stable income.
His clean credit history and strong income qualified Darren for our Near Prime alt doc product at 60% LVR and a rate of 4.19%, so he was able to give his kids the extra room they needed to grow.
Case studies are for illustrative purposes only.
This is what our customers are saying...
My mortgage specialist Jessica Wilson was the best broker/mortgage provider I have ever dealt with. I have owned a few homes before and never have I had such great service.
Jessica was extremely helpful and supportive from application to settlement. She found me the best possible rate and time frame for my home loan. She was always upfront with me and replied promptly to my emails and phone calls. Given the current climate, Jessica's attention to detail made me feel comfortable and supported. Thank you!!
Bluestone made the whole experience absolutely painless.
I wouldn't hesitate to recommend Bluestone to anyone requiring a home loan.
I would recommend Bluestone to anyone with out-of-the-norm home loan needs.
Take 3 minutes to pre-qualify
Love the sound of Near Prime Alt Doc?
Tell us a bit more about the loan you're after to see your individual indicative interest rate and get matched with your personal loan consultant.
Things we'll ask about:
- The purpose of your home loan
- The approximate value and location of the property
- The size of your deposit or existing equity
Please note pre-qualification only confirms that your loan goals and property likely fall within Bluestone’s credit policy, and does not constitute pre-approval for a loan. Your personal loan consultant will help you determine if you want to proceed with an application.
Calculate how much you may be able to borrow
Note: The results from this calculator should be used as an indication only. Repayments are not inclusive of a $15 administration
fee, payable each month per loan split on some of our products. Results do not represent either quotes or pre-qualifications for a loan. Bluestone may not provide loans according to all repayment scenarios achievable in this calculator. The specific details of a loan will be provided in the loan contract.