- ZOOM VARIABLE Owner Occupied & Investment
- Product name here and here and here
- Product name here and here and here
- Product name here and here and here
Application
Checklist E.G. SERVICING
CALCULATOR OTHER BUTTON
AS NEEDED!
PRODUCT OVERVIEW
- Available for purchases & refinances of acceptable residential securities.
- Maximum loan term of up to 30 years.
- Fixed Rates available upon request up to 5 years.
- 100% Offset Account available with no loading to the applicable rate.
- Unlimited Cash out (within reason) available up to 80% with satisfactory fund purpose explanation.
- Maximum Single Borrow Exposure is $3,000,000.00.
- No Notional rent required for servicing if Applicant living rent free with family with written confirmation.
- Other Financial Institution (OFI) statements not required for loans not being refinanced.
- Actual repayments for OFI included in servicing.
- NDIS securities may be accepted using 50% of the actual rental subject to evidence of a 5 year rental/lease and with a 70% maximum LVR.
- Common Debt Reducer policy available is satisfactory evidence provided.
- Vacant land or construction not acceptable.
- Repayment options include Principal & Interest or Interest Only for a of maximum 5 years
- Unlimited additional repayments available without penalty.
- Standard inclusions: documentation, review of CoS, settlement, 2 x Guarantors, review of Bare Trust
RATE GUIDE | PURCHASE OR REFI
LVR (min loan size $50K)
<70%
<80%
<90%
<95%
Owner occupied loans up to $1.5M
6.73%
6.83%
7.34%
7.74%
Investment loans up to $1.5M
6.89%
6.89%
7.34%
N/A
LOADINGS
Offset Account
Waived
Interest Only (max 5 years)
Add 0.40%
Lender Risk Fees (LRF) / LMI
(Fee calculated based upon approved loan
limit & not added to the interest rate).
(Fee calculated based upon approved loan
limit & not added to the interest rate).
Standard LMI rates applicable for LVR’s greater
than 80%.
than 80%.
MAX LOAN SIZE & LVR GUIDE
LVR
Inner City
Metro
Non-Metro
Regional
0 – 70%
$1,250,000
$2,000,000
$1,000,000
$1,000,000 (60%)
70.01% – 80.00%
$1,000,000
$1,500,000
$1,000,000
N/A
80.01% – 90.00%
$750,000
$1,000,000
$750,000
N/A
APPROX. FEES
Application Fee
$199.00
Valuation Fee
At cost
GET IN
Lender Annual Fee
$395.00
Lender Settlement Fee
$250.00
Lender Documentation Fees From
$395.00
GET OUT
Product 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 availabilty & conditions subject to change without notice.
Australian Credit Licence 409 649.Rates effective from 15th March 2024
- ZOOM VARIABLE Owner Occupied & Investment
Application
Checklist E.G. SERVICING
CALCULATOR OTHER BUTTON
AS NEEDED!PRODUCT OVERVIEW
- Available for purchases & refinances of acceptable residential securities.
- Maximum loan term of up to 30 years.
- Fixed Rates available upon request up to 5 years.
- 100% Offset Account available with no loading to the applicable rate.
- Unlimited Cash out (within reason) available up to 80% with satisfactory fund purpose explanation.
- Maximum Single Borrow Exposure is $3,000,000.00.
- No Notional rent required for servicing if Applicant living rent free with family with written confirmation.
- Other Financial Institution (OFI) statements not required for loans not being refinanced.
- Actual repayments for OFI included in servicing.
- NDIS securities may be accepted using 50% of the actual rental subject to evidence of a 5 year rental/lease and with a 70% maximum LVR.
- Common Debt Reducer policy available is satisfactory evidence provided.
- Vacant land or construction not acceptable.
- Repayment options include Principal & Interest or Interest Only for a of maximum 5 years
- Unlimited additional repayments available without penalty.
- Standard inclusions: documentation, review of CoS, settlement, 2 x Guarantors, review of Bare Trust
RATE GUIDE | PURCHASE OR REFI
LVR (min loan size $50K)<70%<80%<90%<95%Owner occupied loans up to $1.5M6.73%6.83%7.34%7.74%Investment loans up to $1.5M6.89%6.89%7.34%N/ALOADINGS
Offset AccountWaivedInterest Only (max 5 years)Add 0.40%Lender Risk Fees (LRF) / LMI
(Fee calculated based upon approved loan
limit & not added to the interest rate).Standard LMI rates applicable for LVR’s greater
than 80%.MAX LOAN SIZE & LVR GUIDE
LVRInner CityMetroNon-MetroRegional0 – 70%$1,250,000$2,000,000$1,000,000$1,000,000 (60%)70.01% – 80.00%$1,000,000$1,500,000$1,000,000N/A80.01% – 90.00%$750,000$1,000,000$750,000N/AAPPROX. FEES
Application Fee$199.00Valuation FeeAt costGET INLender Annual Fee$395.00Lender Settlement Fee$250.00Lender Documentation Fees From$395.00GET OUTProduct Discharge Fee$895.00Other terms, fees & charges may apply. Refer to the Postcode Guide for more details on acceptable security locations and LVR limitations.
Product availabilty & conditions subject to change without notice.
Australian Credit Licence 409 649.Rates effective from 15th March 2024 - Product name here and here and here
- Product name here and here and here
- Product name here and here and here
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