RATE GUIDE | PURCHASE OR REFI
| LVR | 65% | 75% | <80% |
| Owner Occupied up to $2M | 7.59% | 7.64% | 7.69% |
| Investment up to $2M | 7.79% | 7.89% | 7.99% |
| Construction up to $2M | 8.39%* | 8.59%* | 8.79%* |
| Vacant Land up to $2M (50%) | 8.39%* | NA | NA |
| Bridging up to $2M | 8.49% | 8.59% | 8.69% |
| Rural Resi <100 acres to $2M | 7.79% | 7.99% | NA |
MAX LOAN SIZE & LVR GUIDE
| Loan size >$2M & <$5M (65%) | add 0.40% |
| Loan size >$2M & <$5M (70%) | add 0.50% |
| Loan size >$2M & <$5M (75%) | add 0.60% |
| ^Interest Only to 5 years | $1,750,000 |
| 80.01% – 95.00% | add 0.40% |
PRODUCT OVERVIEW
- Residential and rural residential properties up to 100 acres with a dwelling, construction & equity release.
- Borrower type(s) include Self Employed, Company & Trusts
- Loan sizes up to $25,000,000 (refer to your BDM for quote).
- ^Interest Only (Investment) available for up to 5 years with LVR’s to 80%.
- *Once construction is complete, rate may revert to P&I rate of the day for Owner Occupied or Investment.
- Construction Loans: 5 progress draws – valuation inspection processing fees apply (from $230 each stage)
- Vacant land as stand alone security acceptable to 50% (location dependent) for terms of up to 2 years.
- Maximum loan term for Bridging is 2 years.
- Maximum loan size up to 100 acres is $1,500,000.
- Minimum security size 50 sqm exclusive of balconies & car parking
- Credit Impaired with minor life event mpairment considered under 80% (rate loadings may apply).
- Product includes BPAY®, Internet Banking, ATM/EFTPOS access and Redraw.
- Cash out available to 80% with declaration of use.
- A re-approval fee of $200 is applicable after 90 days from original approval date.
Self Employed with One Year Financials requirements (Semi Verified product available at Full Doc rates):
- Most recent accountant prepared tax returns and recent NOA for individuals.
- Most recent accountant prepared financial statements (most current financial year required). This is only if income is derived from a company. For sole traders and partnerships, only tax returns are required PLUS;
- Latest available BAS or 3 months trading statements to evidence current turnover is consistent with tax return for NCCP applications where; the tax return provided is over 6 months old and the LVR is greater than 65%.
- ABN must be greater than 18 months old.
- All other standard Residential lending criteria applies.
APPROX. FEES
GET IN
| Application Fee | from 1.25% |
| Valuation Fee | At cost |
| Lender legal fees from | $880.00 + costs |
| Monthly fee | $15.00 |
| Settlement fee | $299.00 |
GET OUT
| Discharge fees approx. | $535.00 |
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 June 2024
