RATE GUIDE | PURCHASE OR REFI
| LVR (min loan size $50K) | <70% | <75% | <80% | Regional<60% |
| Owner Occupied ($1M) | 10.20% | 10.50% | 10.90% | 10.90% |
| Investment loans ($1M) | 10.50% | 10.80% | 11.20% | 11.20% |
LOADINGS
| Offset Account | add 0.10% |
| Interest Only (max 5 years) | add 0.30% |
| Loan Size >$1,000,000 | add 0.30% |
| Lender Risk Fees (LRF) / LMI (Fee calculated based upon approved loan limit & not added to the interest rate). | <65% – 1.00% | >65% & <70% – 1.20% <80% & Regional – 1.50% |
MAX LOAN SIZE & LVR GUIDE
| LVR | Inner City | Metro | Non-Metro | Regional (60%) |
| 0 – 70% | $1,000,000 | $1,000,000 | $1,000,000 | $750,000 (60%) |
| 70.01% – 80.00% | $750,000 | $750,000 | $750,000 | N/A |
PRODUCT OVERVIEW
- Available for purchases & refinances of acceptable residential securities.
- Maximum loan term of up to 30 years.
- Fixed Rates available upon request up to 5 years.
- 100% Offset Account available with 0.10% loading to the applicable rate.
- Unlimited Cash out (within reason) available up to 80% with satisfactory fund purpose explanation.
- Maximum Single Borrow Exposure is $2,500,000.00.
- No Notional rent required for servicing if Applicant living rent free with family with written confirmation.
- Other Financial Institution (OFI) statements not required for loans not being refinanced.
- Actual repayments for OFI included in servicing.
- Common Debt Reducer policy available is satisfactory evidence provided.
- Vacant land or construction not acceptable.
- Repayment options include Principal & Interest or Interest Only for a of maximum 5 years
- Unlimited additional repayments available without penalty.
- *Standard inclusions: documentation, review of CoS, settlement, 2 x Guarantors, review of Bare Trust.
APPROX. FEES
GET IN
| Application Fee | $199.00 |
| Valuation Fee | At cost |
| Lender Annual Fee | $395.00 |
| Lender Settlement Fee | $250.00 |
| Lender Documentation Fees From | $995.00 |
GET OUT
| Approx 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 March 2024
Available for Borrowers with historical credit-related life events including:
- More than 1 Mortgage Arrears Event
- Discharged Bankruptcy greater than 1 year
- Refer to Specialist + Risk Grading Matrix for full details