Union Fidelity™
Irregular Loan Facilitators

Phone: 1800 241 281

We ask....
because every loan is different,
and every solution is tailored to suit your current requirements,
no matter how pressing your clients current situation
Rate
Union Fidelity™ Commercial Partial Full Doc
.as at  
What does Partial Full Doc Mean?-For this specific lender means that your client is self-employed and has completed the past 12 months BAS Statements to date- however hasn’t completed financial returns for this year.
Please find linked here the BAS worksheet for your consideration and as to how the loan servicing is calculated, however ostensibly it is calculated as follows:
Gross Sales
Minus Non Capital Expenses
Minus Owners Wages
= Serviceability for the year
Then put in the existing loan repayments for all other debts per year (excluding this proposed debt or refinance amount)
And the proposed loan amount
You arrive at (hopefully) a net positive serviceability
     

 
Partial Full Doc -
 

Rates
 From 8.7% @50%
9.7% @ 65%
12.2% @ 75%
13.70% @ 80%
+ risk fee for impairments / arrears
  

 
 
  
Criteria

Coded / Uncoded
Uncoded ONLY Borrowings must be in a Company (Pty.Ltd Name)
  

Security
 $1,000,000 @80% LVR
  
Max Loan Size
 $250,000 @80%LVR
 
Min Loan Size
 Purchase / Refinance / Consolidation
  
Purpose
 Full Doc PAYG - 2 Payslip's, 2 Years Tax Returns and Assessment Notices, 12 months Bank Statements showing income going into Bank Account
Full Doc Self Employed – Past 2 years Financial's and Tax Assessment Notices, Copies of All 3rd party leases
  

Servicing
Commercial and Industrial – Types –
Converted Residence (medical rooms),
Strata Offices,
Factory Warehouse,
Shop
  



Additional Features
 1.75 – 2.75% commensurate with LVR and impairments  

Lenders Fees

 LVR Restricted Entities
Residential Block > 5 units =75% Car Yards =50%
Shopping/Function Centres = 65% Purpose Built Factories (excl Childcare) = 50%
Vacant Commercial Land =55% Motels = 55%
Regional Securities = 50%		  
 
     
Union Fidelity™ Quick Documents
Application Form (.doc) or (.pdf)
Accountants Letter (.doc) or (.pdf)
Self Certified Declaration
Servicability Calculator (.xls)
Postcode Check 
Eligable Security
Litigation Funding
 External Links
Get a copy of your CRAA
Is your broker licensed?
..Just Settled...$1.2M Residential Sydney @ 65%LVR, $1.5M Commercial Retail Sydney @70%LVR, $550,000 Rural Moree at 50% LVR, $1.75M Residential Gold Coast at 65% LVR, $200,000 Rural Residential at Port Macquarie at 60% LVR, $990,000 Rural at Molong at 50% LVR, $2.9M Commercial in Sunshine at 55% LVR, Self Managed Super Fund Loan to $1.2M Melbourne Residential @55%
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ABN: 55 073 023 926
Australian Credit Licence: 346 527
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