Prime Full Doc

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))