Add 0.40% (Interest Only waived for Investment up to 80%)
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
LVR
Inner City
Metro
Non-Metro
Regional
0 – 70%
$2,000,000
$2,000,000
$1,000,000
$1,000,000 (60%)
70.01% – 75.00%
$2,000,000
$2,000,000
$1,750,000
N/A
75.01% – 80.00%
$1,750,000
$1,750,000
$1,000,000
N/A
80.01% – 95.00%
$800,000
$1,000,000
$800,000
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 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 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.
NDIS securities may be accepted – refer to your BDM.
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
$299.00
Valuation Fee
At cost
Lender Annual Fee
$395.00
Lender Settlement Fee
$295.00
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 availability & conditions are subject to change without notice. Australian Credit Licence 409 649. Rates effective from 28th February 2025.
