Overview
With Prime Full Doc Loans full serviceability is required
Target
Individuals (PAYG or self-employed), Companies, Partnerships or Trusts
Loan Purpose
Loans considered for direct purchase, refinance, debit consolidation and construction being residential and investment. facility Must be regulated by the UCCC (Split loans available up to four(4) accounts to a minimum of 10,000)
| Loan Features | Full supporting documentation and evidence of income is required for all applicant/s plus must demonstrate genuine savings of at least 3% of purchase price LMI capitalization to maximum of 95% LVR(Including LMI) |
| Loan Products | All facilities included line of credit |
| Minimum Loan Size | $50k (Subject to the loan scenario and to the LVR) Single security $100k (Subject to the loan scenario and to the LVR) Double security |
| Maximum Loan size | $4M (Subject to the loan scenario and to the LVR) Single security |
| Loan to Value Ratio | Insured • 100% LVR for loans up to $500,000 – metro areas of Australia • 95% LVR for loans up to $750,000 – metro areas of Australia • 90% LVR for loans from $750,001 to $1,000,000 – metro areas of Australia • 80% LVR for loans from $1,000,001 to $1,500,000 – metro areas of Australia • 75% LVR for loans from $1,500,001 to $2,000,000 – metro areas of Australia • 95% LVR for loans up to $500,000 – regional areas of Australia • 90% LVR for loans from $500,001 to $750,000 – regional areas of Australia Uninsured • 90% LVR for loans up to $300,000 – metro, regional and country areas of Australia • 85% LVR for loans from $300,001 to $500,000 – metro, regional and country areas of Australia • 80% LVR for loans from $500,001 to $1,000,000 – metro, regional and country areas of Australia • 80% LVR for loans from $1,000,001 to $1,500,000 – metro areas of Australia • 70% LVR for loans from $1,000,001 to $1,500,000 – regional areas of Australia • 70% LVR for loans from $1,500,001 to $2,000,000 – metro and regional areas of Australia • 65% LVR for loans from $2,000,001 to $3,000,000 – metro areas of NSW, ACT, Vic, Qld, SA and WA • 60% LVR for loans from $3,000,001 to $4,000,000 – metro areas of NSW and Vic |
| Minimum Loan Terms | Interest only from 1year to 10 years and (P&I thereafter) to 40 yrs Fixed Rates from 1year to 10 years and (P&I thereafter) to 40 yrs |
| Maximum Loan Terms | 40 years Principal & Interest |
| Loan Repayment Frequency | Weekly, twice monthly or monthly, day and date can be nominated |
| Security Type | Residential vacant land and rural residential being occupier \ investment |
| Redraw Available | Yes |
| Split Loan Available | Yes |
| Dynamic Repayment | Yes |
| Additional Repayment | Principal reductions accepted with minimum of $5,000 each time |
| Loan statements | Issued Half Yearly (But you can ask us when required we will mail them to you charges apply). |
| Documentation Required | Subject to the loan purpose, please call 1300 790 909 for more details |
| Financial Information | Borrowers who can demonstrate serviceability with up to date detailed financial statements covering the last 12 months |
| Qualifying Interest Rate | Please call our consultant on 1300 790 909 for more details |
| Other Conditions | A. Prime loans Borrowers must demonstrate serviceability with up to date detailed financial statements covering last 12 months + 4 pay slips for (Full doc Loans)) |
