
Oveview
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) |
Loan Features |
• Full supporting documentation and evidence of income is required for all applicant/s. |
Loan Products |
All facility included line of credit |
Minimum Loan Size |
$50k (Subject to the loan scenario and to the LVR) Double security |
Maximum Loan size |
$4,000,000(Subject to the loan scenario and to the LVR) Single security |
Loan to Value Ratio |
Insured |
Minimum Loan Terms |
Interest only from 1year to 15 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 on the principal part if any |
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 means of serviceability |
Qualifying Interest Rate |
Please call our consultant on 1300 790 909 for more details 24/7 |
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) |