PRODUCT OVERVIEW
- Available for purchase or refinance of established residential dwellings.
- Larger loan sizes may be available on a quote basis only.
- Maximum loan term is 30 years, Interest Only up to 5 years to 90% for Investment & 80% Owner Occupied
- Product includes Offset Account, BPAY®, Internet Banking, ATM/EFTPOS access, Redraw.
- ^Interest Only (Investment) available for up to 5 years with 90% for Investment & 80% Owner Occupied
- Lenders Mortgage Insurance is payable by the Borrower for LVR’s over 80%.
- Debt to Income Ratio to be less than 8.00:1 where the LVR is greater than 80% and less than 90%.
- Cash out | >80% and <90% limited to 20% of security value | less than 80% unlimited with declaration of use.
- 100% Offset included & Redraw available
- Minimum security size 40m2 exclusive of balconies and car parks.
- Vacant land as stand alone security not acceptable.
- Other acceptable land tenure includes: Freehold -Torrens, Strata and Community Titles | Crown Leasehold subject to the lease not expiring until a date at least 5 years past maturity of the loan.
RATE GUIDE | PURCHASE OR REFI
| LVR (Owner Occupied) | <80% | <95% |
| Loans up to $2M | 6.69% | 6.99% |
| Loans $2m up to $2.5M | 7.19% | N/A |
LOADINGS
| Investment Loading (Max $2M) | Add 0.30% |
| ^Interest Only (5 years & 90%) | Add 0.40% |
| Lender Protection Fees (LPF) (Fee calculated based upon approved loan limit & not added to the interest rate) | Owner Occupied: >75% & <80% – 0.50%, <85% – 1.75%, <90% – 3.00%, <91% – 4.00%, <92% – 4.50%, <93% – 5.00%, <94% – 5.50%, <95% – 5.50% Investment: <75% – 0.75%, <80% – 1.25%, <85% – 2.50%, <90% – 3.75%, <91% – 4.25%, <92% – 5.25%, <93% – 5.25%, <94% – 5.75%, <95% – 6.25% |
MAX LOAN SIZE & LVR GUIDE
| LVR | Inner City | Metro | Non-Metro | Regional |
| 0 – 70% | $1,750,000 | $2,500,000 | $2,000,000 | $1,250,000 |
| 70.01% – 80.00% | $1,500,000 | $2,500,000 | $1,500,000 | $1,000,000 |
| 80.01% – 90.00% | $1,000,000 | $1,750,000 | $1,000,000 | $850,000 |
| 90.01% – 95.00% | $1,000,000 | $1,500,000 | $1,000,000 | $850,000 |
- Maximum LVR for Inner City, High Density, High-Risk & Regional postcode properties is 80%
- Maximum LVR for Unclassified postcode properties is 75%
- Minimum loan size $50,000 | Maximum Investment loan $2M with P&I | Maximum aggregate loans $4M
APPROX. FEES
GET IN
| Application Fee | $199.00 |
| Valuation Fee | At cost |
| Lenders Legal Fee from | $440.00 |
| Annual Fee Owner Occ | $0.00 if LVR < 80% $495.00 if LVR > 80% |
| Annual Fee Investment | $395.00 |
| Settlement Fees | $199.00 |
GET OUT
| Discharge Fees approx. | $795.00 |
Other terms, fees & charges may apply. Refer to the Postcode Guide for more details on acceptable security locations and LVR limitations. Product availability & conditions subject to change without notice. Australian Credit Licence 409 649. Rates effective from 19th June 2024.