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Standard Variable
Loan |
Standard
Variable Rate loans offer you maximum
flexibility and great features, including
the option to fix or split your loan, the
ability to make additional repayments when
you want, and the option to redraw these
funds for any purpose when you require it.
Standard variable
loans are Australia’s most popular type
of home loan. The interest rate varies
throughout the loan term. These loans
generally offer excellent flexibility,
low fees and often offer great features
such as an offset facility, redraw
facility, no limits on additional
repayments and in most cases, no early
pay-out penalties.
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Applicant type
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Individuals, Companies,
Trusts. |
|
Employment
requirements |
P.A.Y.G. must be
full-time or part-time permanent. If
Self-Employed, two years. |
|
Income: required
proofs |
P.A.Y.G. Pay slips,
group certificates or employer letter.
Self-employed, two years tax returns.
|
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Loan amounts minimum
& maximum |
$100k to no
limitl
>
97% LVR up to $750,000
> 90% LVR up to $1.5 million |
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Purpose
|
Owner-Occupied, or
Investment
Purchase, Refinance, |
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LVR
|
Up to 97%
Owner Occupied
Up to 97% Investment
(LMI can be capitalised above 95% to
make 97%) |
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Coded, non-coded, or
either |
Either |
|
Credit related
issues |
CLEAR. Very minor but
paid defaults may be o.k. |
|
Variable, fixed or
both |
Both |
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P&I, I/O, or both
|
Both
(depending on LVR) |
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Residency Status
|
Citizens and permanent
residents |
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Comments, special
conditions |
Non Genuine
Savings Option 95% LVR |
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Important Information:
Some email
filters will send form confirmation
links directly to your junk mail box. If
you can not find a reply confirmation in
your inbox please check in your junk
mail. |
If
you wish to proceed, then we will help
you to complete all the necessary
paperwork and liaise with the lender on
your behalf. This will include the
completion and submission of your home
loan application and the on-going
communication between all parties until
your home purchase is settled
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