Resi Renew/Restart – Product & Pricing Update August 2023

04th Aug, 2023 | Broker News, Renew-Restart Product

Effective 7 August 2023, help more of your clients succeed, for less.

Interest rate promotion1

Until 13 October 2023, enjoy discounted interest rates on select LVRs, with

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

For our full range of interest rates including the interest rate promotion, refer to the updated rate cards attached.


Universal 2% serviceability buffer

Offer clients a fresh start with a reduced serviceability buffer of 2% on all home loan options.


Real Life Refinance Policy grows

We’re also extending our 1% serviceability buffer across Prime and Non-Conforming home loan options for the following scenarios:

  • Investment purchases
  • Home loan refinance or debt consolidation (with cash out limited to $20k)
  • Fixed interest rate home loans

Only available up to 80% LVR. Clients must also have a minimum Equifax credit score of 700, no RHI >0 on any debts, no default listings in the past 12 months and no unpaid defaults.


Missed or late repayments?

Unsecured debts with an RHI 1 reported will now be considered for the Near Prime Clear home loan option.