RESI is increasing interest rates for NEW BUSINESS ONLY on the Essential Options Home Loans.
A full set of rates are available here and effective as of Friday 21 July 2023.
Rates are increasing by 0.05% and 0.10% depending on LVR Band and purpose.
The changes in summary include:
- Owner Occupied P & I up to 80% LVR – increase by 0.10%
- Owner Occupied P & I 80.01% – 90% LVR – increase by 0.05%
- Owner Occupied P & I above 90% LVR – increase by 0.10%
- Investment P & I up to 65% LVR – increase by 0.10%
- Investment P & I up to 80% LVR – increase by 0.05%
- Investment P & I 80,01% – 90% LVR – increase by 0.10%
- Investment IO up to 80% LVR – increase by 0.10%
- Investment IO 80.01% – 90% LVR – increase by 0.10%
Note: Existing customers rates are not impacted.
If you haven’t already heard – here are some great reasons to consider RESI
- Common Debt Reducer Policy now in play
- Reduced shading of rental income
- Genuine Savings not required to be evidenced.
- Monthly LMI borrow up to 95% LVR without having to fund an upfront LMI premium.
- New salaried Self-employed Policy
- 40-year loan term
Plus a whole lot more.
For further information, please email [email protected], or contact your relevant business development manager.
