Purchase or refinance residential or commercial investment properties.
Borrower type(s) include Corporate or Individual Trustee’s.
Loan sizes up to $25,000,000 (contact Scene to obtain quote).
Loan Term up to 30 years.
Legal advice is required with all applications.
Interest Only (Investment) available for up to 5 years with LVR’s up to 80%.
Vacant land as stand alone security unacceptable.
Servicing considerations:
Rental income at 80%
Member contributions at 85% – Deemed income at 85%
Servicing outside of the SMSF fund acceptable.
A 2.5% liquidity test may apply for Off the Plan purchases without a valid lease in place at settlement.
Minimum security size 50 sqm exclusive of balconies & car parking if residential.
Credit Impaired with minor life event mpairment considered under 80% (rate loadings may apply).
Product includes BPAY®, Internet Banking.
RATE GUIDE | PURCHASE OR REFI
LVR
<60%
<65%
<70%
<75%
<80%
Resi Metro / Major Regional <$2M
6.84%
6.84%
7.19%
7.19%
7.24%
Residential Regional <$2M
6.84%
6.84%
7.24%
7.24%
7.49%
Inner City Apartments <$2M
6.84%
6.84%
7.24%
7.24%
NA
Commercial Securities <$3M
7.49%
7.59%
7.79%
7.99%
NA
Commercial >$3M & <$5M
7.74%
7.99%
8.14%
NA
NA
LOADINGS
Residential Max Loan Size
$2.5M <75% – POA
Residential Max Loan Size
$25M – POA
Interest Only up to 5 years
Add 0.40%
APPROX. FEES
Residential
Application Fee
from 1.25%
Valuation Fee
At cost
Lender legal fees from
$1,500.00 + costs
Monthly fee
$15.00
Settlement fee
$299.00
Discharge fees approx.
$535.00
Commercial
Application Fee
from 1.25%
Valuation fees
Quote basis
Lender legal fees from
$1,500.00 + costs
Monthly fee
$15.00
Settlement fee
$299.00
Discharge fees approx.
$535.00
Other terms, fees & charges may apply. Product availabilty & conditions subject to change without notice. Australian Credit Licence 409 649. Rates effective from 25th May 2023.
