Resi Essentials – Interest Rate Update 2023

04th Jul, 2023 | Essentials Product, Public Articles

Here are more reasons to consider Resi for your client’s home loan needs.

Resi Essentials are reducing interest rates for various Essential Options Near Prime Loans.

Near Prime P&I rates between 70%-80% LVR rates are being reduced as follows:

  • Reduction of 0.21% for Owner Occupied P&I
  • Reduction of 0.31% for Investment P&I

New rates come into effect Friday 7th July 2023 and a new Rate card will be available by visiting the Resi Website.

In conjunction with more attractive interest rates don’t forget about our recent product and policy enhancements as announced:

  • Introduction of 40 Year Loan terms – Prime, Near Prime & Alt Doc Loans – Helping your customer in borrowing capacity
  • Salaried Self Employed. – A more streamlined process helping more self-employed applicants obtain a loan without the need to provide a lot of income evidence
  • Common Debt Reducer. – allowing for increased borrowing capacity
  • Acceptance of Non-Standard rental Income
  • ATO Debt – Continuing ATO Debt Payment Arrangements.


  • 90% rental income allowance (10% shading) – shading of rental income has been reduced from 20% to 10% across our entire product range this means that for investment property scenarios we will be able to lend your clients more!
  • Increase in Prime Alt Doc Loan size limits – the loan size and LVR limits have been increased for Prime Alt Doc, up to $2m (for Metro locations)*
  • Changes to living expense requirements
  • Streamlining our processes to speed up turnaround times
  • Introduction of OSKO – Post settlement loan management improvements

Reach out to your BDM to find out more.

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