Solution Residential
From 7.19%
*Promotion Rate
About Solution Residential
- Max LVR: 80%
- Max Loan Amount: $5,000,000
- Rate from 7.19% LVR 65%
- No monthly or Annual Fees
- Full doc & Alt doc
- Accepts Vacant Land – Max 5 Acres (Max LVR 75% & up to $1 M)
Loan Purpose and Rate
Residential Full Doc
7.19% PI (LVR ≤ 65%, Max Loan $2M)
- Interest rate from 7.19% P.A.
- Comparison rate from 7.38% P.A.
Residential Alt Doc
7.34% PI (LVR ≤ 65%, Max Loan $2M)
- Interest rate from 7.34% P.A.
- Comparison rate from 7.53% P.A.
Loan Purpose and Rate
Prestige Prime
8.24% PI (LVR ≤ 65%, Max Loan $5M)
- Interest rate from 8.24% P.A.
- Comparison rate from 8.55% P. A.
Prestige Near Prime
8.94% PI (LVR ≤ 65%, Max Loan $2.5M)
- Interest rate from 8.94% P.A.
- Comparison rate from 9.26% P.A.
Product Summary
| Security type | Residential |
| Loan Amount | $100,000 to $5,000,000 |
| Maximum LVR | 80% Max $1,750,000 70% Max $5,000,000 |
| Loan Term | Up to 30 years |
| Borrower Type | Individuals, Company or Trust |
| Loan Purpose | New Purchase, Refinance, Equity Release, Debt Consolidation |
| Repayment Method | Direct debit from nominated bank account |
| Redraw Facility | Variable rate loans only. Fee free for internet transaction. Transaction fees apply for requests that are manually processed. |
| Interest structure | Principal and Interest & Interest Only (Up to 5 years) |
| Full Doc (LVR ≤ 65%) | 7.19% P.A. (PI) |
| Alt Doc (LVR ≤ 65%) | 7.34% P.A. (PI) |
Document Checklist
Income Documents (PAYG)
- Last 2 payslips PLUS
- One of the following:
- Letter of employment
- 3 months bank statement
- Income statement from MyGov
Income Documents (Self-Employed)
- Last 2 years company tax returns and financial statements
- Last 2 years individual tax return and tax assessment notice
- OR
- Last 1 years material as above
- Most recent BAS or 3 months business trading statements if tax return is > 6 months old.
Income Documents (Alt Doc)
- Declaration of Financial Position PLUS
- One of the following:
- Accountant Letter
- 6 months BAS
- 6 months bank statement
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.