RATE GUIDE | PURCHASE OR REFI
| LVR (min loan size $50K) | <70% | <80% | <90% | <95% |
| Owner Occupied loans up to $2M | 6.83% | 6.93% | 7.44% | 7.84% |
| Investment loans up to $2M (Max LVR 90%) | 6.99% | 6.99% | 7.44% | N/A |
LOADINGS
| Offset Account | NA |
| 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). | 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 | $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 availability & conditions are subject to change without notice. Australian Credit Licence 409 649. Rates effective from 15th October 2024.