RATE GUIDE | PURCHASE, REFINANCE & CONSTRUCTION
| LVR Options for loans to $2M | <70% | <80% | <85% | <90% |
| Established dwelling | 6.99% | 7.09% | 7.39% | 7.89% |
| Construction rate | 7.79% | 7.89% | 8.19% | 8.69% |
| Revert rate post-construction | 6.99% | 7.09% | 7.39% | 7.89% |
| LVR Options for loans to $2.5M | <70% | <80% |
| Established dwelling | 7.49% | 7.59% |
| Construction rate | 8.29% | 8.39% |
| Revert rate post construction | 7.49% | 7.59% |
PURPOSE LOADINGS & RISK FEES
| Interest Only^ | Not Available |
| Lender Protection Fee (Established Dwellings) | LVR’s <75% – 0.75% LVR’s <80% – 1.25% LVR’s <85% – 2.50% LVR’s <90% – 3.75% |
| Construction Risk Fee (CRF) CRF is applicable for all construction loans. Monthly CRF is mandatory which is 1/12 of CRF amount. | LVR’s <75% an CRF of 1.25% LVR’s <80% an CRF of 1.75% LVR’s <85% an CRF of 3.00% LVR’s <90% an CRF of 4.25% Multi Dwelling (excludes duplex) LVR’s <75% – 2.50% LVR’s <80% – 3.00% |
MAX LOAN SIZE & LVR GUIDE
- Maximum loan size up to $1.750M with LVRs up to 90%.
- All loans <$2M maximum LVR is 85%.
- All loans <$2.5M maximum LVR is 80%.
- Inner City, High Risk, High Density & Regional Postcodes maximum LVR 75%.
- Unclassified Postcodes’ maximum LVR is 70%
- Minimum loan size is $50,000.
- Maximum Borrower exposure is $7.5M.
PRODUCT OVERVIEW
- Available for approved co-living securities in Metro, Non-Metro, Regional & Unclassified locations.
- ^Interest Only available only during construction then reverts to P & I repayments in all cases.
- *Max loan size for the established dwelling is up to $2,500,000.
- Construction loading of 0.8% is applicable only during the construction period.
- Maximum loan term is 25 years.
- Servicing derived using 80% of applicable gross income (income determined through commercial valuation).
- Debt to Income Ratio to be less than 8.00:1.
- Minimum Applicant(s) CCR score is 700.
- Progress draw fees may be higher on application subject to location.
- Includes Offset Account, BPAY®, Internet Banking, ATM/EFTPOS access, and Redraw once construction is complete.
APPROX. FEES
GET IN
| Application Fee | $299.00 |
| Valuation Fee | At cost |
| Construction Admin Fee | $750.00 |
| Lenders Legal Fee from | $440.00 |
| Annual Fee Investment | $395.00 |
| Settlement fees | $895.00 |
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 availability & conditions are subject to change without notice. Australian Credit Licence 409 649. Rates effective from 15th October 2024