RATE GUIDE | PURCHASE OR REFI
| LVR (min loan size $50K) | <70% | <80% | Regional<60% |
| Owner Occupied | 7.49% | 7.69% | 7.69% |
| Investment loans | 7.74% | 7.94% | 7.94% |
LOADINGS
| Offset Account | add 0.10% |
| Interest Only (max 5 years) | add 0.30% |
| Lo Doc Loading | add 0.25% |
| Lender Risk Fees (LRF) / LMI (Fee calculated based upon approved loan limit & not added to the interest rate). | >70% & <75% – 0.75% Full Doc | 1.00% Lo Doc <80% & Regional – 1.00% |
MAX LOAN SIZE & LVR GUIDE
| LVR | Inner City | Metro | Non-Metro | Regional |
| 0 – 60% | $1,500,000 | $1,500,000 | $1,500,000 | $750,000 (60%) |
| 60.01% – 80.00% | $1,250,000 | $1,250,000 | $1,250,000 | N/A |
PRODUCT OVERVIEW
- Available for purchases & refinances of acceptable residential securities.
- Maximum loan term of up to 30 years.
- Fixed Rates are available upon request for up to 5 years.
- 100% Offset Account available with 0.10% loading to the applicable rate.
- Unlimited Cash out (within reason) available up to 80% with satisfactory fund purpose explanation.
- Maximum Single Borrow Exposure is $2,500,000.00.
- No Notional rent is required for servicing if the Applicant is living rent-free with family with written confirmation.
- Other Financial Institution (OFI) statements are not required for loans not being refinanced.
- Actual repayments for OFI are included in servicing.
- Common Debt Reducer policy available is satisfactory evidence provided.
- Vacant land or construction is not acceptable.
- Repayment options include Principal & Interest or Interest Only for a of maximum 5 years
- Unlimited additional repayments are available without penalty.
- *Standard inclusions: documentation, review of CoS, settlement, 2 x Guarantors, review of Bare Trust.
APPROX. FEES
GET IN
| Application Fee | $199.00 |
| Valuation Fee | At cost |
| Lender Annual Fee | $395.00 |
| Lender Settlement Fee | $250.00 |
| Lender Documentation Fees From | $995.00 |
GET OUT
| Approx discharge fee | $895.00 |
Other terms, fees & charges may apply. Refer to the Postcode Guide for more details on acceptable security locations and LVR limitations.
Product availability & conditions are subject to change without notice. Australian Credit Licence 409 649. Rates effective from 15th March 2024.
Available for Borrowers with minor historical credit-related life events including:
- Defaults less than $2,000 or paid greater than 1 year
- Discharged Bankruptcy greater than 2 years
- Refer to Specialist Risk Grading Matrix for full details