Solution Residential
From 6.74%
*Promotion Rate
About Solution Residential
- Max LVR: 80%
-
Max Loan Amount:
Residential: $2,500,000
Prestige: $5,000,000 - Rate from 6.74% LVR 65%
- No monthly or Annual Fees
- Full doc & Alt doc
- Accept Vacant Land – Max 5 Acres (Max LVR 75% & up to $2M)
- Residential Construction with Max LVR 80% and Max Loan $2.5M
Loan Purpose and Rate
Residential - Full Doc
6.74% PI (LVR ≤ 65%, Max Loan $2.5M)
- Interest rate from 6.74% P.A.
- Comparison rate from 6.93% P.A.
Residential - Alt Doc
6.84% PI (LVR ≤ 65%, Max Loan $2.5M)
- Interest rate from 6.84% P.A.
- Comparison rate from 7.05% P.A.
Prestige - Prime
7.74% PI (LVR ≤ 65%, Max Loan $5M)
- Interest rate from 7.74% P.A.
- Comparison rate from 8.08% P.A.
Construction - Prime - Full Doc & Alt Doc
8.14% PI/IO (LVR ≤ 65%, Max Loan $2.5M)
- Interest rate from 8.14% P.A.
- Comparison rate from 8.45% P.A.
Construction - Near Prime - Full Doc & Alt Doc
8.54% PI/IO (LVR ≤ 65%, Max Loan $2.5M)
- Interest rate from 8.54% P.A.
- Comparison rate from 8.85% P.A.
Vacant Land - Full Doc & Alt Doc
8.14% PI/IO (LVR ≤ 65%, Max Loan $2M)
- Interest rate from 8.14% P.A.
- Comparison rate from 8.45% P.A.
Product Summary
| Security type | Residential & Vacant Land & Construction |
| Loan Amount | $100,000 to $5,000,000 |
| Maximum LVR | 80% |
| Loan Term | Up to 30 years |
| Borrower Type | Individual, Company or Trust |
| Loan Purpose | Purchase / Refinance / Equity Release / Debt Consolidation / Construction |
| Repayment Method | Direct debit from nominated bank account |
| Interest structure | Principal and Interest & Interest Only (Up to 5 years) |
| Annual Fee | $0 |
| Pre-Assessment Fee | Individual Applicant: $950 or $1,350 |
| Application Fee | From 0.35% |
Document Checklist
Income Documents - PAYG
- Latest 2 Payslips PLUS
- One of the following:
- Employment Letter
- 3 Months Salary Credits
- MyGov Income Statement
Income Documents - Self Employed Full Doc
- Most recent 1 year Company Tax Returns & Financial Statements
- Most recent 1 year Personal Tax Returns & Notice of Assessment
- Most recent BAS or 3 months Business Trading Statements if tax return is > 6 months old
Income Documents - Self Employed Alt Doc
- Declaration of Financial Position PLUS
- One of the following:
- Accountant Letter
- 6 months BAS
- 6 months Bank Statement
Construction Documents
- Fixed Price Build Contract
- Formal build tender including proposed drawdown schedule
- Final Plans
- Build specifications
- Quotes for works outside of Build Contract
- Copy of Planning Permit / Development Approval as required
Loan Calculator
Solution Residential Calculator
Please click on the link to download the calculator for serviceability calculations.
* The comparison rate is based on a secured loan of $150,000 and a term of 25 years.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.