Non Resident – Full Doc
Loan purpose |
Purchase or Refinance of residential Investment security property. No equity release allowed
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Suitable Borrowers |
PAYG borrowers who are either Australian residents working abroad or non residents deriving a rental income in Australia.
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Loan Amounts |
$50,000 - $750,000 per security
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Maximum LVR |
Up to 80% of purchase price or valuation, whichever is less. 80% of gross rental income derived from the subject security will be taken into account when calculating servicibility.
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Loan Term |
Up to 30 years
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Interest Rate Options |
Variable or Fixed : Split = Part Fixed & Part Variable : Interest Only up to 10 yrs (max 5 yrs if LVR greater than 85%) or Principal & Interest up to 30 yrs
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Rate Reduction Feature
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Option of 0.10% rate reduction. See ‘Pro Pack’ profile for more information.
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Repayment Options |
Repayments are deducted from your nominated bank account weekly, fortnightly, or monthly. BPay & Direct Salary Crediting is available. In variable rate mode, extra repayments are allowed at any time without penalty.
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Redraw Facility |
Free & unlimited via telephone or internet banking in variable rate mode. Funds will be available in your nominated bank account 2-3 working days after the request is processed. 6 free manual or debit card transactions allowed per month.
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Loan Statements |
Download a statement for free at any time via your internet banking. Statements are also posted semi-annually (end of year & end of financial year).
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Acceptable Securities |
Registered 1st mortgage over your residential owner occupied or investment property. Must be larger than 50sq.m and have a separate certificate of title.
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Portability |
Transfer your loan to other suitable security property in the event you sell your existing security property provided a simultaneous settlement occurs. Fees & charges may apply.
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Construction |
Not available
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Establishment Fees |
No ongoing or application fee. The only upfront cost is a standard valuation & legal fee. This cost will be outlined in your Letter of Offer. Statutory Government fees & charges apply.
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Exit Fees |
A Deferred Establishment Fee is payable when the loan is discharged within the first 5 years from the date of settlement
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Mortgage Insurance |
The Mortgage Insurance Premium is not payable by the borrower
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Please contact a qualified loans anlayst on 1800 801 999 for more information regarding rates and features for the above product.
