A flexible loan structure with an almost unlimited number of sub accounts in any combination of Principal & Interest, Interest Only, Fixed Rate, Variable rate and a Line of Credit if required. Structuring can be based on loan purpose, tax accountability, desired mix of loan account features, accounting preference.
| LOAN AMOUNTS |
min $50,000, max $5,000,000 |
| LOAN TO VALUE RATIO |
maximum 97% |
| REDRAW |
available through internet & telephone banking (Nil fees apply) |
| SECURITY |
registered 1st mortgage over residential property. Collateral 2nd mortgage over additional property may be considered |
| REPAYMENTS |
repayments can be made weekly, fortnightly or monthly by direct debit, electronic direct credit of salary, rent, dividends, inter account transfers, Bpay etc |
| SPLIT LOANS |
A combination of additional accounts (variable & fixed rates) also available |
| PORTABILITY |
Loan can be transferred to another property (conditions & fees apply) |
| ADDITIONAL FEATURES |
- No ongoing fees & charges
- Transfer of balances between accounts
- Global Redraw facility available i.e. redraw available from any qualifying loan account regardless of it’s original purpose
- Ability to capitalise the mortgage insurance premium into the loan amount
- Vacant Land acceptable |
LO DOC OPTION
A term loan designed for self employed and PAYG applicants who are unable to provide documentary evidence of income.
We make it easy by not asking for verification of your taxable income. You are required however, to complete a Declaration of Financial Position, confirming that the repayments will not adversely impact on your capacity. ABN registered for a minimum of 2 years must be on the declaration (self employed applicants only)
- Maximum Loan amount $2,000,000
- Maximum Loan to value ratio 80%
- For all other features refer to Term Loan.
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