RATE GUIDE | PURCHASE OR REFINANCE
| LVR Options | (<85%) | <95% |
| Owner Occupied rate to $2M | 6.69% | 6.99% (maximum loan size $1.75M at 95%) |
| Owner Occupied rate up to $3.5M | 7.19% (maximum LVR 80%) | NA |
| Investment rate to $2M | 6.99% | 7.29% (maximum loan size $1.75M at 94%) |
| Investment loans rate up to to $3.5M | 7.49% (maximum LVR 80%) | NA |
PURPOSE LOADINGS & RISK FEES
| ^Interest Only (max 5 years) | Add 0.40% (applies to construction applications if IO repayments required for >12 months) |
| Construction Risk Fees (CRF) (CRF is applicable to all construction loans. Fee calculated based upon approved loan limit & not added to the interest rate. Monthly CRF is mandatory which is 1/12th of full CRF amount). | Owner Occupied: <75% – 0.50%, <80% – 1.00%, <85% – 2.25%, <90% – 3.50%, <91% – 4.00%, <92% – 4.50%, <93% – 5.00%, <94% – 5.50%, <95% – 6.00% Investment: <75% – 1.25%, <80% – 1.75%, <85% – 3.00%, <90% – 4.25%, <91% – 4.75%, <92% – 5.25%, <93% – 5.75%, <94% – 6.25%, <95% – 6.75% Multi Dwelling (excludes Duplex): <75% – 2.50%, <80% – 3.00% |
MAX LOAN SIZE & LVR GUIDE
| LVR | Inner City | Metro | Non-Metro | Regional and/or Unclassified |
| 0 – 70% | $3,000,000 | $3,500,000 | $3,000,000 | $1,250,000 |
| 70.01% – 80.00% | $2,500,000 | $3,000,000 | $2,500,000 | $1,000,000 |
| 80.01% – 90.00% | $2,000,000 | $2,000,000 | $1,750,000 | By Exception |
| 90.01% – 95% | NA | $1,750,000 | $1,500,000 | By Exception |
- Postcode Limits | Metro & Non Metro 95%, High Density 90%, Inner City & High Risk 85%, Regional & Unclassified 80%
- Maximum loan size up to $1.750M with LVR’s up to 95% for Owner Occupiers.
- Maximum loan size up to $1.750M with LVR’s up to 94% for Investment.
- Minimum loan size is $50,000.
- Maximum Borrower exposure is $7.5M.
PRODUCT OVERVIEW
- Available for house & land construction in Metro, Non Metro, Regional & Unclassified locations.
- Construction to be completed within 12 months of land settlement, penalties may apply.
- Product includes Offset Account, BPAY®, Internet Banking, ATM/EFTPOS access, Redraw (post construction).
- 100% of the Borrower(s) funds to complete is retained by the lender at settlement.
- Above rates include standard Interest Only term during construction of 12 months followed by P&I repayments.
- ^Interest Only after construction phase is unavailable for Owner Occupied loans >80% & <95% LVR.
- ^Interest Only Investment after construction up to 5 years with LVR’s >80% add 0.40% to the rate.
- Debt to Income Ratio to be less than 8.00:1 where the LVR is >80% and <95%.
- Progress draw fees may be higher on application (if higher then the actual cost will be charged).
- Available for accepted Visa Holders for Temp/Permanent applicants living, working & paying tax in Australia to 80%.
- Vacant land as stand-alone security is not acceptable.
APPROX. FEES
GET IN
| Application Fee | $299.00 |
| Construction Admin Fee | $750.00 |
| Valuation Fee from | At cost |
| Lenders Legal Fee from | $440.00 |
| Progress Drawdown Fee (includes 5 progress inspections) | $925.00 |
| Annual Fee Owner Occ | $0.00 if LVR < 80% $395.00 if LVR > 80% |
| Annual Fee Investment | $395.00 |
| Settlement Fee | $199.00 |
GET OUT
| Discharge Fees approx. | $795.00 |
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 19th July 2024.