RATE GUIDE | PURCHASE OR REFINANCE
| LVR loans up to $2M | <70% | <80% | <85% | <90% |
| Residential | 7.19% | 7.49% | 7.79% | 8.19% |
| Commercial | 7.69% | 7.99% | N/A | N/A |
PROGRAM LOADINGS
| Loan Size >$2M & <$3.0M (70%) | add 0.50% |
| Interest Only (max 5 years) | add 0.40% |
| Lender Protection Fees (LPF) (Fee calculated based upon approved loan limit & not added to the interest rate). | LVR’s >80% an LPF of 2.50% applies LVR’s >85% & <90% an LPF of 3.50% applies |
MAX LOAN SIZE & LVR GUIDE
| LVR | Inner City | Metro | Non-Metro | Regional and/or Unclassified |
| 0 – 70% | $2,000,000 | $3,000,000 | $2,500,000 | $1,500,000 |
| 70.01% – 80.00% | $1,750,000 | $2,500,000 | $2,000,000 | $1,250,000 |
| 80.01% – 90.00% | N/A | $1,350,000 | $1,250,000 | N/A |
- Postcode Limits | Metro & Non Metro 95%, High Density 90%, Inner City & High Risk 85%, Regional & Unclassified 80%
- Minimum loan size is $50,000.
- Maximum Borrower exposure is $7.5M.
PRODUCT OVERVIEW
- Available for purchase (90%) or refinance (80%) of acceptable residential or commercial securities.
- Only Corporate Trustee structures are accepted.
- Legal & Financial advice is required for all applications (some exceptions may apply for existing SMSF’s)
- Maximum loan term of up to 30 years (excludes NDIS securities – max loan term 25 years, No Interest Only).
- Maximum loan size LVR’s >80% & <90% is $1,350M (Metro) & $1,250M (Non Metro) locations (Purchase Only)
- Maximum NDIS loan size $2,000,000 up to 80% LVR.
- 100% Offset Account included.
- Servicing evidenced by member(s) superannuation contributions & rental income.
- Other investment income may be used for servicing | Max deeming rate of 3% p.a. averaged over 2 years.
- Self Employed applicants required to evidence 2 years of historical contributions being made to any Super Fund.
- All other refinances to complete the full application and provide all standard support documentation for assessment.
- Commercial program includes retail and industrial securities including Childcare, Retirement & Student Accom.
- No Vacant land | Single contract construction considered – refer to your BDM.
- Easy Refinance option for SMSF loans where original settlement occurred 1 year or more from the current date.
APPROX. FEES
GET IN
| Application Fee | $299.00 |
| Valuation Fee | At cost |
| Lenders Legal Fee from | $595.00 + costs |
| Annual Fee | $395.00 |
| Settlement Fees | $199.00 |
GET OUT
| Discharge Fees approx. | $2,200.00 |
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 15th July 2024.