|
Loan Amount - Minimum |
$50,000 |
|
Loan Amount – Maximum |
$750,000 |
|
Rate Type |
Variable |
|
Repayments |
Principal &
Interest or
Interest
only 1- 10 years
Monthly or Fortnightly
Salary Crediting or Direct Debit |
|
Lump Sum Payments |
Yes (whilst
on the variable rate) |
|
LVR – Maximum |
80% to
$500,000
75% to $750,000 |
|
Conditions |
Written evidence of Foreign Investment Review Board (FIRB) approval is required.
80% of gross rental income should cover the proposed repayments. An
irrevocable & unlimited Power of Attorney in favour of a Australian
Resident to be provided. |
|
Loan Term |
Minimum 15 years
Maximum 40 years |
|
Redraw Available |
Yes |
|
Split Loan
Available |
Yes |
|
Lenders
Mortgage Insurance |
Not
applicable |
|
Fees |
- Monthly Fee
- Application Fee
- Settlement Fee
|
$Nil
$600 (inc. valuation fee for one security)
$379.50 |
