Freedom Expat
From 6.84%
*No Clawback Promotion Rate
About Freedom Expat
- Max LVR: 80%
- Max Loan Amount: $2,000,000
- Individuals, Company or Trust
- 100% Offset Facility
- No Clawback Option Available
- Unlimited Cash Out Policy
Loan Purpose and Rate - No Clawback <= $2M
Owner Occupied
6.84% PI (LVR ≤ 80%, Loan ≤ $1M)
- Interest rate from 6.84% P.A.
- Comparison rate from 7.55% P.A.
Investment
7.14% PI (LVR ≤ 80%, Loan ≤ $1M)
- Interest rate from 7.14% P.A.
- Comparison rate from 7.85% P.A.
Loan Purpose and Rate - Standard Expat <= $2M
Owner Occupied
7.09% PI (LVR ≤ 80%, Loan ≤ $1M)
- Interest rate from 7.84% P.A.
- Comparison rate from 8.16% P.A.
Investment
7.39% PI (LVR ≤ 80%, Loan ≤ $1M)
- Interest rate from 7.39% P.A.
- Comparison rate from 7.98% P.A.
Product Summary
| Security type | Residential |
| Max Loan Amount | $2,000,000 |
| Maximum LVR | 80% |
| Loan Term | Up to 30 years |
| Borrower Type | Individuals, Company or Trust | Citizen / PR & TR (12 months on Visa) |
| Loan Purpose | Purchase, refinance or equity release of owner occupied or investment property |
| Repayment Method | Direct Debit from a nominated bank account |
| Interest structure | Principal and Interest & Interest Only (Up to 5 years) |
| Loan Splits | Available |
| Offset Facility | 100% Offset Facility Available |
| Redraw Facility | Available |
| Settlement Fee | $150 |
| Annual Fee | $395 |
| Application Fee | $0 |
Document Checklist
Income Documents (PAYG)
- Australian Income: Latest 2 Payslips OR Employment Letter OR Current Employment Contract not older than 60 days at conditional approval
- Foreign Income: One of above PLUS 3 Months Bank Statement
Income Documents (Self-Employed)
- Last year’s Accountant prepared Financial Statements with Balance Sheet and ITRs not older than 18 months at conditional - No NOA required