OVERVIEW VIBE PLUS PROGRAM
The Vibe Plus 40-Year Extended Home Loan is a new, multi-purpose home loan that extends the borrowing power and home loan repayment flexibility of investor and owner occupier clients, whether they are buying, refinancing or building. This product is designed to unlock borrowing power and repayment flexibility for borrowers.
Age Requirements | Owner Occupied
Full 40-year home loan terms are available to eligible borrowers up to age 45, with the available loan term reducing incrementally up to a maximum product age of 50.
In summary:
- The oldest borrower must be 50 years old or less at the time of loan application
- The oldest borrower must be 85 years old or less at loan maturity
- The loan term will be adjusted to ensure the age of the oldest borrower is 85 years old at the time of loan maturity (the minimum loan term available is 35 years).
How to calculate your client’s maximum loan term example
Adjusted loan term calculation for a 48-year-old borrower.
- Maximum age at maturity: 85
- Available loan term: Maximum age at maturity less current age = 85 years – 48 years = 37-year loan term.
Age Requirements | Investment
No age restrictions apply to investment home loans.
Exit Strategy Requirements
Where one or more borrowers attached to the loan are over 55, then an acceptable exit strategy is required, regardless of whether the loan is owner occupied or investment.
Serviceability
Serviceability is assessed over a maximum period of 35 years (not 30). A minimum 5-year interest only (IO) period is applied when assessing serviceability, for both owner occupier and investor clients, even when no IO period is chosen. This results in a serviceability assessment over 35 years (or the remaining P&I term).
Investment
Where an investor chooses an IO period greater than 5 years (up to 10), the actual IO term is used, and repayments are assessed over the remaining P&I term.
- Example: A borrower with a 40-year home loan term that chooses a 7-year IO term will have serviceability assessed over a 33-year period (40-7=33 years).
RATE GUIDE | PURCHASE OR STANDARD REFINANCE
| LVR Options | <70% | <80% | <90% | <95% |
| Owner Occupied | 6.54% | 6.64% | 6.74% | 6.84% |
| Investment | 6.74% | 6.84% | 6.94% | 7.04% |
PURPOSE LOADINGS & RISK FEES
| ^Interest Only (max 5 years) | Add 0.20% |
| Company/Trust Borrower Loading | Add 0.40% |
| Lender Protection Fees (LPF) (Fee calculated based upon approved loan limit & not added to the interest rate) | Owner Occupied: >0.0% – 80% | 0.00% >80% – 81% | 1.50% >81% – 82% | 1.75% >82% – 83% | 2.00% >83% – 84% | 2.25% >84% – 85% | 2.50% >85% – 86% | 2.75% >86% – 87% | 3.00% >87% – 88% | 3.25% >88% – 89% | 3.50% >89% – 90% | 3.75% >90% – 91% | 4.75% >91% – 92% | 5.00% >92% – 93% | 5.25% >93% – 94% | 5.50% >94% – 95% | 5.75% Investment: >0.0% – 80% | 0.00% >80% – 81% | 1.75% >81% – 82% | 2.00% >82% – 83% | 2.25% >83% – 84% | 2.50% >84% – 85% | 2.75% >85% – 86% | 3.00% >86% – 87% | 3.25% >87% – 88% | 3.50% >88% – 89% | 3.75% >89% – 90% | 4.00% >90% – 91% | 5.00% >91% – 92% | 5.25% >92% – 93% | 5.50% >93% – 94% | 5.75% >94% – 95% | 6.00% |
| 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: >0.0% – 80% | 0.50% >80% – 81% | 1.50% >81% – 82% | 1.75% >82% – 83% | 2.00% >83% – 84% | 2.25% >84% – 85% | 2.50% >85% – 86% | 2.75% >86% – 87% | 3.00% >87% – 88% | 3.25% >88% – 89% | 3.50% >89% – 90% | 3.75% >90% – 91% | 4.75% >91% – 92% | 5.00% >92% – 93% | 5.25% >93% – 94% | 5.50% >94% – 95% | 5.75% Investment: >0.0% – 80% | 0.75% >80% – 81% | 2.00% >81% – 82% | 2.25% >82% – 83% | 2.50% >83% – 84% | 2.75% >84% – 85% | 3.00% >85% – 86% | 3.25% >86% – 87% | 3.50% >87% – 88% | 3.75% >88% – 89% | 4.00% >89% – 90% | 4.25% >90% – 91% | 5.25% >91% – 92% | 5.50% >92% – 93% | 5.75% >93% – 94% | 6.00% >94% – 95% | 6.25% |
MAX LOAN SIZE & LVR GUIDE
| LVR | Inner City | Metro | Non-Metro | Regional and/or Unclassified |
| 0 – 70% | $3,500,000 | $3,500,000 | $3,500,000 | $3,000,000 |
| 70.01% – 80.00% | $3,500,000 | $3,500,000 | $2,500,000 | $2,500,000 |
| 80.01% – 90.00% | $3,000,000 | $3,000,000 | $3,000,000 | $1,750,000 |
| 90.01% – 95% | NA | $2,000,000 | $2,000,000 | N/A |
- Metro Postcodes – Maximum LVR is 95%.
- Non-Metro Postcodes – Maximum LVR where the property is owner occupied, or the property is investment and is in a town with a population > 10,000 or is within 15k radius of the GPO in a town with a population > 50,000 is 95% otherwise 90%.
- Regional and Unclassified Postcodes – Maximum LVR where the property is in a town with a population > 10,000 or is within 15k radius of the GPO in a town with a population > 50,000 is 80% otherwise 65%.
- Maximum Borrower exposure is $10M.
PRODUCT OVERVIEW
- Borrowers can be PAYG, Self-Employed & Companies with minimum 24 moths trading or Trusts registered minimum 24 months.
- Available for purchase or refinance of established residential dwellings and construction.
- Maximum loan term is up to 40 years, Interest Only up to 5 years for Owner Occupiers & 10 years for Investment.
- Product includes Offset Account, BPAY®, Internet Banking, ATM/EFTPOS access, Redraw.
- Lenders Protection Insurance is payable by the Borrower for LVR’s over 80%.
- Debt to Income Ratio to be less than 8.00:1 where the LVR is greater than 80% and less than 90%.
- Cash-out | >80% and <90% limited to 20% of security value | less than 80% unlimited with declaration of use.
- 100% Offset included & Redraw available
- Minimum security size 40m2 exclusive of balconies and car parks.
- Vacant land as stand-alone security is not acceptable.
- Other acceptable land tenure includes Freehold -Torrens, Strata and Community Titles | Crown Leasehold subject to the lease not expiring until a date at least 5 years past maturity of the loan.
APPROX. FEES
GET IN
| Application Fee | $299.00 |
| Valuation Fee | At cost |
| Lenders Legal Fee from | $440.00 |
| Lender Annual Facility Fee | $379.00 |
| Loan Account Variation Fee | $150.00 |
| Loan Facility Variation Fee | $450.00 |
| Upfront Construction Review Fee | $750.00 |
| Progress Payment Review Fee | $880.00 |
GET OUT
| Discharge Fees approx. | $595.00 |
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 are effective from 6th October 2026.