Non resident
Overview
Loans allow investor or business people being Non-Residents to investment in Australia property
Target
Non-Residents purchasing investment property in Australia Individuals – salaried income earners only
Loan Purpose
Loans considered for direct purchase, refinance residential and investment property only
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Loan Features |
Full supporting documentation and evidence of income is required for all applicant/s |
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Loan Products |
All facility included line of credit |
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Minimum Loan Size |
$50k (Subject to the loan scenario and to the LVR) Double security |
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Maximum Loan size |
$750,000 (Subject to the loan scenario and to the LVR) Single security |
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Loan to Value Ratio |
80% LVR for loans up to $500,000 – metro areas of Australia |
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Minimum Loan Terms |
Interest only from 1year to 15 years and (P&I thereafter) to 40 yrs |
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Maximum Loan Terms |
40 years Principal & Interest |
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Loan Repayment Frequency |
Weekly, twice monthly or monthly, day and date can be nominated |
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Security Type |
Residential investment only |
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Redraw Available |
Yes |
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Split Loan Available |
Yes |
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Dynamic Repayment |
Yes |
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Additional Repayment |
Principal reductions accepted with minimum of $5,000 each time on the principal part if any |
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Loan statements |
Issued Half Yearly (But you can ask us when required we will mail them to you charges apply). |
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Documentation Required |
Subject to the loan purpose, please call 1300 790 909 for more details |
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Financial Information |
Borrowers who can demonstrate serviceability with up to date detailed financial statements covering the last 12 months |
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Qualifying Interest Rate |
Please call our consultant on 1300 790 909 for more details |
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Other Conditions |
A. Written evidence of Foreign Investment Review Board (FIRB) approval is required |
