Premier Residential
From 6.09%
*Full Doc OO Discount Rate
About Premier Residential
- Max LVR: 80% Full or Alt Doc
- Max Loan Amount: $40,000,000
- No Clawback
- Full Doc, Lite Doc, Construction, Rural, Vacant Land, Bridging, Parent-2-Child, Aged Care
- Broadest Mortgage Product Range of All Non-Banks
Loan Purpose and Rate - Residential
Owner Occupied - Full Doc OO Discount
6.09% PI (LVR ≤ 65%; Loan Size ≤ $3m)
- Interest rate from 6.09% P.A.
- Comparison rate from 6.50% P.A.
Owner Occupied - Lite Doc OO Discount
6.19% PI (LVR ≤ 65%; Loan Size ≤ $3m)
- Interest rate from 6.19% P.A.
- Comparison rate from 6.61% P.A.
Owner Occupied - Full Doc Standard Rates
6.24% PI (LVR ≤ 65%; Loan Size ≤ $3m)
- Interest rate from 6.24% P.A.
- Comparison rate from 6.66% P.A.
Owner Occupied - Lite Doc Standard Rates
6.39% PI (LVR ≤ 65%; Loan Size ≤ $3m)
- Interest rate from 6.39% P.A.
- Comparison rate from 6.83% P.A.
Loan Purpose and Rate - Construction and Vacant Land
Loan Size: < $3m
Rate: 7.64% (LVR ≤ 65% )
- Interest rate from 7.64% P.A.
- Comparison rate from 8.08% P.A.
Loan Purpose and Rate - Rural <100 Acres
Full Doc
7.04% PI (LVR ≤ 65%; Loan Size ≤ $2.5m)
- Interest rate from 7.04% P.A.
- Comparison rate from 7.47% P.A.
Lite Doc
7.64% PI (LVR ≤ 65%; Loan Size ≤ $2.5m)
- Interest rate from 7.64% P.A.
- Comparison rate from 8.07% P.A.
Loan Purpose and Rate - Bridging
Loan Size < $3m
7.74% (LVR ≤ 65%)
- Interest rate from 7.74% P.A.
- Comparison rate from 8.19% P.A.
Loan Size: $3m - $10m
7.89% (LVR ≤ 65%)
- Interest rate from 7.89% P.A.
- Comparison rate from 8.34% P.A.
Loan Purpose and Rate - SMSF Residential
Loan Size < $3m
6.34% (LVR ≤ 65%)
- Interest rate from 6.34% P.A.
- Comparison rate from 6.71% P.A.
Loan Size: < $3m
6.59% (LVR ≤ 80%)
- Interest rate from 6.59% P.A.
- Comparison rate from 6.96% P.A.
Loan Purpose and Rate - Parent-2-Child <= $5mil
- Standard loan up to 80% under normal Res Rate/Fee
- Or interest rate from 2.5% set by parents/investors (minimum CPI + 0.5%) inclusive
Loan Purpose and Rate - Aged Care <= $750k
-
Interest Rate from 6.99% for the first 5 years, steps up 2% in year 6 and 7
- Comparison rate from 8.07%
Product Summary
| Security type | Residential |
| Loan Amount | $100,000 to $40,000,000 |
| Maximum LVR | Full/Alt Doc: 80% |
| Loan Term | Up to 30 years |
| Borrower Type | Individual, Company or Trust |
| Loan Purpose | Purchase / Refinance / Equity Release / Debt Consolidation |
| Repayment Method | Direct debit from nominated bank account |
| Interest structure | Principal and Interest & Interest Only (Up to 10 Years) |
| Application Fee | From $995 |
| Pre-Assessment Fee | $950 Individual |
| Settlement Fee | $120 |
Document Checklist
Income Documents - PAYG
- Latest 2 Payslips
- Income verification via https://bankstatements.com.au/
Income Documents - SE Lite Doc
- Borrower Repayment Declaration, plus one of:
-
Accountant's Letter
12 months BAS
12 months Trading Statements
Income Documents - SE Full Doc
- Most recent 2 years Company Tax Returns & Financial Statements
- Most recent 2 years Personal Tax Returns & Notice of Assessment