Purchase
Buying owner occupied or investment properties by individual or joint borrowers for
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Existing dwelling
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Newly built property
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Off-the-plan
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House and land package
Equity Release
Extracting equity from unencumbered property for property investment or other non-business related purposes.
Bridging Finance
Bridging Finance is a temporary funding for purchasing a new home before selling an existing home.
Refinance
Refinancing an existing mortgage for
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Cash Out
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Cash Bonus
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Debt Consolidation
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Lower interest rate
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Extended loan term
Building Loan
Also known as a construction loan, which provides borrower and builder funding of building or renovating a property paid in progressive payments during construction.
Family Guarantor
A third party agrees to have a liability to pay for the loan if the borrower does not repay the loan. It can assist borrow 100% avoiding LMI for applicants with little or no deposit.
SMSF
Self-Managed Super Fund allows trustees borrow from bank to invest in assets by using superannuation contribution funds.​
Any investment returns earned from the asset accrue to SMSF.
Investment returns and capital gain could receive tax exempt when it enters retirement/pension phase.
Fast Refinance
It enables refinance to take place with no settlement booking required and no extra cost to the borrower, and once the documents are returned and certified, the loan could settle in 2-3 days.
Borrow > 80%
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Maximum LVR 95% - 100% depends on loan purpose
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LMI premium capitalisation apply
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May require loan approval from insurance company
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Borrow>85% may require 5% genuine savings
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Interest rate may not be affected when borrow less than or equal to 95%
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Government/lenders offer LMI wavier scheme/policy
Medico Sector Professionals
Lending up to 90% LVR with LMI waivers for qualifying medical professionals. Conditions Apply. Eligible applicants include:
- General Practitioners
- Dentists
- Hospital-employed Doctors; (e.g. Intern, Resident, Registrar, Staff Specialist)
- Medical Specialists
- Optometrists
- Pharmacists
- Veterinary Practitioners
Parental Leave
For customers taking off time on maternity or paternity leave, who meet certain eligibility criteria, can still use their PAYG income for servicing.
Offset Account
Offset account is a transaction account linked to your loan. Customers can deposit their savings to offset account to offset the interest accrued on the loan. This gives the flexibility of accessing the savings and also the benefit of paying off their home loan sooner.
