rams - Mortgage Lender
Whether you are buying your first home, self-employed, refinancing, you have no deposit, looking for an investment property or if you simply want to cut years off your loan and manage your money better then there is a RAMS home loan to suit you.
rams Loan Products
| Type of Loan |
Home Loan Information |
| > RAMS Limited Deposit |
Found your dream home but haven’t saved enough for a deposit? With a RAMS Limited Deposit Home Loan you can buy your home with as little as 5% of the purchase price plus costs – >80% LVR requires Gen Saving of 5% OR <80% LVR – no proof of gen savings required.
Whether it’s your personal savings, a gift from family or another source. RAMS just makes
sure you can afford the repayments and you have funds to cover the transaction costs and a deposit bond, if required.
It’s perfect for First Home Buyers, and you can use the First Home Owners' Grant towards your transaction costs. |
| > Deposit Power |
A RAMS Deposit Power Guarantee is a fast, convenient and inexpensive way for you to arrange the 10% deposit when you exchange contracts on your new property.
The guarantee (also known as a deposit bond) acts as a substitute for the cash deposit in between signing a contract and settlement of the property. At settlement, the purchaser is required to pay the full purchase price including the deposit. This provides a low cost, flexible option if your money is tied up, but you will be able to pay the deposit at settlement time. It’s particularly useful for auctions. |
| > RAMS Easy Start |
If you’d like lower repayments in the early years of your home loan, look no further than RAMS Easy Start.
You benefit from discounted rates for the first 3 years – that’s 2 years more than most other lenders – and what you save in repayments you can use for other expenses such as furniture or landscaping. It’s ideal whether you’re a first home buyer or refinancing. |
| > RAMS SmartWay Pro Pack |
RAMS SmartWay Pro Pack is a fully transactional home loan with money management facilities to help you own your home sooner.
You’ll enjoy a discount off the RAMS standard variable rate for the life of your loan and it’s available for loans of $250,000 or more – there are no other special qualifying criteria. |
| > RAMS Line of Credit Pro Pack |
RAMS Line of Credit Pro Pack Home Loa is an evergreen Line of Credit product that is an easy, affordable way to access the equity in your home when you need it, whether it’s for investments or other purchases. It has a discounted rate for the life of your loan and is available for loans of $250,000 or more.
You can access funds up to your approved credit limit, via ATM, EFTPOS and chequebook, and you only pay interest on your outstanding balance. It’s a flexible alternative to high interest credit facilities. |
| > RAMS Self-Employed (SE) Pro Pack |
At RAMS, we don’t believe you should pay a higher interest rate just because you’re self-employed and don’t have full financials. There is a 80% & 60% LVR options available that covers SE pro 1 & 2 and Se Pro Pack 80 products.
Plus, like all RAMS low doc loans, you don’t need to supply financial statements or tax returns. All you need to support your application is a signed Borrower’s Declaration stating your income and ability to make your repayments. It’s that easy! |
| > RAMS Basic |
If you’re looking for an easy-to-manage home loan, the RAMS Basic Home Loan is ideal.
You’ll have access to extra features at any time. But you’ll only be charged for them when you use them. |
| > RAMS IO Maximiser |
Choose a RAMS IO Maximiser Home Loan and you'll enjoy the benefits of up to 10 years of interest only repayments, to help you minimise your outgoings.
Plus you won't pay for features that as a property investor, you probably don’t need. |
| > RAMS SmartWay |
If you want a transactional home loan with money management facilities, RAMS SmartWay could be perfect for you. You can pay your salary straight into your home loan and access any extra payments via ATM, EFTPOS and chequebook.
Since interest is accrued daily, any extra payments will reduce your interest payments, as well as your outstanding loan balance – possibly helping you to own your home sooner. |
| > RAMS Standard Variable |
The RAMS Standard Variable Home Loan is a standard home loan account for loans of $50,000 or more. |
| > RAMS Fixed Rate Options |
Choosing to fix all or part of your home loan gives you peace of mind and allows you to plan your budget. Safe in the knowledge that whatever happens in the financial markets, your rate, and your minimum home loan repayments, will not change throughout the fixed rate period. Full Doc and Low Doc options are available.
RAMS offer fixed terms of either 1, 2,3,4, 5 or 10 years, so you can choose the loan that’s right for you, and fix your rate for the timeframe that best suits your needs. |
> RAMS Rate Relief |
For clients looking for a low rate, RAMS Rate Relief offers a 0.9% p.a. discount off the RAMS Standard Variable Rate (SVR) for the first two years - plus no annual account keeping fee. What's more, the on-going rate is guaranteed to stay 0.2% p.a. below the RAMS SVR for the life of the loan. |
| > RAMS Low Doc 500 Plus |
If you’re self-employed and borrowing over $500,000, a RAMS Low Doc 500 Plus Home Loan could be perfect for you. You’ll receive a preferential rate for the life of your loan, and there’s
no need to provide full financials.
Plus you’ll benefit from free redraw and up to 5 years of interest only repayments. A Loyalty Discount of 0.4% is available with this product after 4 years. |
| > RAMS Low Doc 500 Plus |
If you’re self-employed and borrowing over $500,000, a RAMS Low Doc 500 Plus Home Loan could be perfect for you. You’ll receive a preferential rate for the life of your loan, and there’s
no need to provide full financials.
Plus you’ll benefit from free redraw and up to 5 years of interest only repayments. A Loyalty Discoun of 0.4% t is available with this product after 4 years. |
| > RAMS SmartWay Low Doc |
RAMS SmartWay Low Doc Home Loan is ideal if you’re self-employed and want money management facilities to help you pay off your loan sooner.
It has a range of access options including ATM, EFTPOS and chequebook. And like all RAMS low doc loans, you don’t need to supply financial statements or tax returns. Minimum $25K, Loyalty Discount available after yr 4 of 0.4% |
| > RAMS Line of Credit |
An evergreen line of credit loan. Easy access to home equity with an evergreen line of credit loan and 10 free transactions every month. |
| > RAMS Low Doc Line of Credit |
If you want easy, flexible access to the equity in your home and you’re self-employed, a RAMS Line of Credit Home Loan could be the perfect choice for you. You only pay interest on the amount you draw down, as this is a true or evergreen line of Credit product with Loyalty Discount available after yr 4 of 0.4% or 0.6%.
if you’re below your credit limit. So it’s ideally suited to irregular cash flow.
Plus, like all RAMS low doc loans, you don’t need to supply financial statements or tax returns. All you need to support your application is a signed Borrower’s Declaration stating your income and ability to make your repayments. It’s that easy! |
Branches and offices
RAMS has franchisees and Home Loan Centres in both metropolitan and regional areas throughout Australia.
rams Points of difference
Awards
Money Magazine Winner of Non Bank Lender of the 2009.
Canstar Cannex 5 star rating for Basic, 2,3, & 5 yr fixed.
Your Mortgage Magazine’s ‘Best New Mortgage Product 2006’ award for the RAMS Fast Track product.
The 2006 Australian Banking and Finance ‘Best Non Bank Financial Institution’ award.
The Australian Marketing Institute’s ‘Marketing Communications Marketing Excellence Award 2006’.
The Mortgage Industry Association of Australia’s (now MFAA) award for ‘Lender of the Year 2005’.
In March 2007, RAMS received 4 Cannex stars for its then RAMS Interest Saver, RAMS Line of Credit 1 and RAMS Line of Credit 2.
Good mortgage brokers understand a broad range of lender preferences and that is why it is really useful to talk to a local mortgage broker about your specific situation. They will use their knowledge and specialized software to assist you in making the most informed decision. Simply put, a mortgage broker evaluates your situation against the lenders on their panel for the best deal. More information on how to pick a home loan or how to assess the right business loan is available right here on the X Inc. site.
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ABN Amro, Adelaide Bank, AFM (Australian First Mortgage), Allcommercial Finance Australia, Allfinance Funding, AMP Bank, ANZ Bank, BankWest, Bluestone Mortgages, Bluestone Equity Release, cbfc limited, Challenger Finance, Commonwealth Bank Australia, Citibank, Deposit Bonds Australia, Economy Home Loans, Enterprise Finance Solutions, FirstMac, Future Financial, GE Money, Heritage Building Society, Homeloans Ltd, HomeSide Lending, IMB, ING Bank, La Trobe Financial Services, Liberty Financial, Macquarie Bank, National Australia Bank, Paramount Mortgages, Pepper Homeloans, Provident Inventory Finance, RAMS Home Loans, St George Bank, Suncorp Bank, Vision Equity Living, Westpac Bank
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