PRODUCT OVERVIEW
- Available for refinances (80%) of acceptable residential or commercial securities.
- Only Corporate Trustee structures 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 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 historical contributions being made to any Super Fund.
- All other refinances to complete full application and provide all standard support documentation for assessment.
- Commercial program includes retail and industrial securities including Childcare, Retirement & Student accomm.
- No Vacant land.
- Easy Refinance option for SMSF loans where original settlement occured 1 year or more from current date.
RATE GUIDE | PURCHASE OR REFI
| LVR (Owner Occupied) | <60% | <60% | <80% |
| Residential up to $2M | 7.19% | 7.19% | 7.49% |
| Commercial up to $2M | 7.69% | 7.69% | 7.99% |
LOADINGS
| Loan Size >$2M & <$2.5M (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). | All LVR’s <70% Waived All LVR’s >70% Waived |
MAX LOAN SIZE & LVR GUIDE
| LVR | Inner City | Metro | Non-Metro | Regional |
| 0 – 65% | $2,000,000 | $2,500,000 | $1,500,000 | $1,250,000 |
| 65.01% – 70.00% | $1,500,000 | $2,500,000 | $1,250,000 | $1,000,000 |
| 70.01% – 80.00% | $1,250,000 | $2,500,000 | $1,000,000 | By Exception |
- Postcode Limits 90% Metro & Non Metro 80% Inner City, High Density & Regional 75% Unclassified
- Maximum Loan Sizes | <65% – $2,500,000 | <80% – $2,000,000 | <90% – $1,350,000
APPROX. FEES
GET IN
| Application Fee | $299.00 |
| Valuation Fee | At cost |
| Lenders Legal Fee from | $595.00 |
| 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 availabilty & conditions subject to change without notice.
Australian Credit Licence 409 649. Rates effective from 15th March 2024