Standard Residential
From 6.54%
*Promotion Rate
About Standard Residential
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Max LVR: 95%
-
Max Loan Amount: $3,500,000
- Promotion Rate: OO 6.54% LVR 80%
- Airbnb, Uber income are welcomed, accepts private lease by shared accommodation
- Accept Serviced Apartment, Display Home, Dual Key, NRAS and NDIS properties
- No LMI for LVR 85%
Loan Purpose and Rate - Standard Full Doc
Owner Occupied
OO: 6.54% PI (LVR ≤ 80%)
- Interest rate from 6.54% P.A.
- Comparison rate from 7.02% P.A.
Investment
INV: 7.19% PI (LVR ≤ 80%)
- Interest rate from 7.19% P.A.
- Comparison rate from 7.66% P.A.
Loan Purpose and Rate - Standard Alt Doc
Owner Occupied
OO: 7.79% PI (LVR ≤ 80%)
- Interest rate from 7.79% P.A.
- Comparison rate from 8.26% P.A.
Investment
INV: 8.09% PI (LVR ≤ 80%)
- Interest rate from 8.09% P.A.
- Comparison rate from 8.56% P.A.
Product Summary
| Security type | Residential |
| Loan Amount | $100,000 to $3,500,000 |
| Maximum LVR | • Standard Full Doc: Up to 95% • Standard Alt Doc: Up to 80% |
| Loan Term | Up to 40 years |
| Borrower Type | Individuals, Company or Trust |
| Loan Purpose | • Purchase of an existing residential dwelling • Home Improvement • Refinance • Equity Release/Cash Out • Debt Consolidations (Up to 4 excluding ATO) • Working capital – up to 80% LVR |
| Repayment Method | Direct debit from nominated bank account |
| Offset Facility | Optional for offset account with $395 annual fee |
| Interest structure | Principal and Interest & Interest Only (Up to 5 years) |
| Owner Occupied (LVR ≤ 80%) | 6.54% P.A. (PI) |
| Investment (LVR ≤ 80%) | 7.19% P.A. (PI) |
| Application fee | $0 |
Document Checklist
Income Document (PAYG)
- Latest 2 payslips, PLUS
- 1 month salary credit showing direct credit from employer (3 months if LVR>80%),or
- Employment verification and Letter of employment
Income Document (Self-Employed)
- Last 2 years company tax returns and financial statements
- Last 2 years individual tax return and tax assessment notice
Income Document (Alt Doc)
- Active ABN for at least 2 years
- GST registration for at least 12 months (if turnover > $75,000)
- Borrower Income Declaration AND
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One of the following:
1. Accountant Letter
2. Most recent 12 months BAS
3. Most recent 12 months business bank statement
Loan Calculator
Genworth Calculator
Recommended serviceability pass rate – PAYG: NDI 1.1, Self- Employed: NDI 1.2
We take 100% of existing rental income into servicing for investment property.
* 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.