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About Development

  • Max LVR up to 80%

  • Max loan amount up to $1,500,000

  • Provides funding for future development(Residential)

  • Declaration of Financial position & Accountant letter

Loan Purpose and Rate

Owner Occupied

OO 6.10% PI (LVR<=80%)

Interest Rate From 6.10% P.A.

Comparison Rate From 6.19%P.A.

Investment

INV 6.10% PI (LVR<=80%)

Interest Rate From 6.10% P.A.

Comparison Rate From 6.19%P.A.

Product Summary

Security type Residential & Commercial
Loan Amount Up to $1,500,000
Maximum LVR 80%
Loan Term Up to 30 years
Interest rate loading of 0.5% applies for loan terms <=5 years
Borrower Type Individual, Company or Trust
Loan Purpose Provides funding for acquisition of residential securities assessed as suitable for future development
Maximum Land Size 1 acre
Redraw N/A
Credit Profile Prime
Paid default up to $500
Owner Occupied (LVR<=80%) 6.10% P.A.
Investment (LVR<=80%) 6.10% P.A.
Application fee 1.70%
Interest Only Loading 0.30%

Document Checklist

Income Document (PAYG)

Declaration of Financial position plus two of:

LoanOne Accountants Letter 

6 months BAS

6 months bank statements

Loan Calculator


Genworth Calculator

Recommend serviceability pass rate NDI 1.1:1

We take 60% of proposed rental income and 80% of existing rental income into servicing for investment property.