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Overview
Loans allow you to take advantage of any equity you have in your home by setting a loan limit and giving you access to the funds for whatever you want them for. Most lenders require an interest only repayment based on the outstanding balance.
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)
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Loan to Value Ratio
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• Insured
• 80% for loans up to $1,000,000 – metro areas of Australia
• 80% for loans up to $750,000 – regional areas of Australia
• 80% for loans up to $500,000 – Australia wide
• There is an option for the Lender to pay LMI premium for loans up to $1,000,000.
• Uninsured
• 80% LVR for loans up to $500,000 – metro, regional and country areas of Australia
• 80% LVR for loans from $500,001 to $1,000,000 - metro areas of Australia
• 75% LVR for loans from $500,001 to $750,000 - regional areas of Australia
• 70% LVR for loans from $750,001 to $1,000,000 - regional areas of Australia
• 65% LVR for loans from $1,000,001 to $1,500,000 – metro and regional areas of Australia
• 65% LVR for loans from $1,500,001 to $2,000,000 – metro areas of NSW, ACT, Vic, Qld, SA and WA
• 60% LVR for loans from $2,000,001 to $3,000,000 – metro areas of NSW and Vic
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= Required
