Basic Home Loans

Basic home loans are essentially a “no-frills” home loan that doesn’t offer any additional bells and whistles such as offset accounts.

What’s more if you require a home loan without an offset account to purchase a home or investment property you deserve a sharp rate with our Basic Home Loans.

Available to prime applicants that have been in the same job for at least 6 months and similar industry for 2 years. Available to purchase or refinance a residential property.

• Suitable for Purchase, refinance of owner-occupied or investment Residential Dwelling on one title
• Low Deposit Option to 98% LVR for purchases only
• Vacant Land to 85% LVR or Construction to 95% LVR
• Principal and Interest Only
• Credit History – no defaults and minimum credit score 600 and above
• Debt Consolidation (maximum 4 debts)
• Cash out limited to Quotes etc (must be justified)

Maximum Loan Amount

$5,000,000 up to 80% LVR. (case by case above)

$3,000,000 from 80% up to 95% LVR.

Acceptable Securities

• Residential & Rural Residential securities in Cat 1 > 3 with a max land size of 2.2 Hectares
• High Density to 80% LVR
• Freehold residential dwellings of standard construction
• Living area from 50 m2

Income documentation for home loans

• (PAYG) Last 2 pay slips plus one of the following: Letter of employment, Tax assessment notice, Latest income statement from MYGOV website or 3 months bank statements
• Self Employed: Last 2 years of lodged tax returns for both Business and Personals plus Assessment Notices.

Standard Features & Versatility