23rd February 2024
RESI are making some changes to the Essential Options Interest Rates effective Tuesday 27th February 2024.
The rate changes apply to certain Prime and Specialist Full Doc and Alt Doc Products for both Owner Occupied and Investment purposes.
There are no changes to Near Prime interest rates.
Changes are as follow:
Prime Full Doc
O/O P&I 80 – 90% LVR – Increase by 0.05% from 7.29% to 7.34%
O/O IO 80 – 90% LVR – increase by 0.30% from 7.54% to 7.84%
Invest P&I 80 – 90% LVR – Increase by 0.15% from 7.34% to 7.49%
Invest IO 0 – 80% LVR – Increase by 0.10% from 7.24% to 7.34%
Invest IO 80 – 90% LVR – Increase by 0.15% from 7.44% to 7.59%
Prime Alt Doc
Invest P&I 60 – 80% LVR – Reduced by 0.10% from 7.74% to 7.64%
Invest IO 60 – 80% LVR – Reduced by 0.10% from 7.89% to 7.79%
Specialist Full Doc
Invest P&I 0 – 60% LVR – Reduced by 0.05% from 8.64% to 8.59%
Invest P&I 60 – 70% LVR – Reduced by 0.10% from 8.69% to 8.59%
Invest P&I 70 – 80% LVR – Reduced by 0.10% from 9.04% to 8.94%
Specialist Alt Doc
Invest P&I 0 – 60% LVR – Reduced by 0.20% from 8.94% to 8.74%
Invest P&I 60 – 70% LVR – Reduced by 0.05% from 8.99% to 8.94%
Invest P&I 70 – 80% LVR – Reduced by 0.20% from 9.49% to 9.29%
Invest IO 0 – 60% LVR – Reduced by 0.10% from 9.14% to 9.04%
Invest IO 60 – 70% LVR – Reduced by 0.15% from 9.19% to 9.04%
Invest IO 70 – 80% LVR – Reduced by 0.30% from 9.79% to 9.49%
New rates apply to New Business and applications which have not yet been formally approved as of 27th February 2024.
To access the New Resi Essential Options Rate Card – click here.
For further details reach out to your Resi BDM.
