RAMS SE Pro Pack 1 home loan has been named the cheapest non-bank low doc loan by Money magazine.
The product took top honours based on a $300,000 loan over 25 years with 60 per cent LVR.
It is the second time the lender has claimed the title.
RAMS head of product Joanne Reid said the lender was more committed than ever to providing quality and competitive products.
“Self-employed borrowers, alongside first home buyers, investors and people simply looking to get a better deal continue to be our core focus. Receiving this award is a strong indicator that we are on the right track to meeting our customers’ needs,” Ms Reid said.
The SE Pro Pack 1 home loan offers customers a variable interest rate of 5.59 per cent p.a, with a comparison rate of 5.94 per cent p.a.