Rates Package Launch – Resi Renew/ Restart

18th Aug, 2023 | Broker News, Renew-Restart Product

Turn a no into a yes with our latest rates package, with Resi Renew/ Restart:

  • Interest rates: Reduced for select LVRs: Prime option up to 50bps, Near Prime option up to 164bps, Restart option up to 160bps
  • Buffer rates: Serviceability buffer lowered to 2%.
  • SLA rates: Same day response for loans submitted by 11am AEST

 

Until 5pm AEDT on 13 October 2023, enjoy:

Reduced interest rates on selected LVRs1, with:

  • Full Doc option interest rates starting from 6.29% p.a.2 (starting from 6.47% p.a. comparison rate3).
  • Alt Doc option interest rates starting from 6.79% p.a.2 (starting from 6.97% p.a. comparison rate3).

 

More serviceability options, with:

  • A reduced serviceability buffer of 2% for; and
  • Additional options to support investor purchases, debt consolidation and fixed rate borrowers for select Prime and Non-Conforming scenarios. Terms and conditions apply.

 

And fast response times

Fast response times with same day turnaround for submissions lodged by 11am AEST.

 

Important Information:

Information is correct as of 7 August 2023 and subject to change at any time. Applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply.

1Interest rate promotion (Promotion) applies to select LVRs for new home loan and commercial loan applications. Refer to the rate card for our full range of interest rates and fees. Applications must be submitted between 12:00 am AEST 7 August 2023 and 5:00 pm AEDT 13 October 2023. Applications lodged after the Promotion period will be offered the current interest rates then applicable. This Promotion is subject to change and may be varied or withdrawn at any time.

2Until 5:00 pm AEDT 13 October 2023, Prime home loan option variable interest rates range from 6.29 – 8.59% p.a. (Comparison rates range from 6.47 – 8.60% p.a.3), Near Prime Clear home loan option variable interest rates range from 6.59 – 9.04% p.a. (Comparison rates range from 6.85 – 9.13% p.a.3), Near Prime home loan option variable interest rates range from 7.09 – 9.44% p.a. (Comparison rates range from 7.35 – 9.53% p.a.3), and Specialist home loan option variable interest rates range from 8.09 – 11.94% p.a. (Comparison rates range from 8.38 – 12.09% p.a.3). Promotion home loan variable interest rates are correct as at 7 August 2023, are subject to change and may be varied or withdrawn at any time. The actual interest rate applicable will depend on the individual borrower’s circumstances.

3Comparison rate is calculated on a secured loan of $150,000 and a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.