Non Resident Loan
Non Resident Loan
This program is for borrowers purchasing or refinancing, residential property in Australia who do not ordinarily reside or pay taxes in Australia. The purchase or refinanced residential property must be FIRB approved and for investment purposes only.
| Product Details | |
| Current Interest Rate | Available on enquiry |
| Interest (Variable & Fixed) | Calculated daily and charged monthly |
| Fixed Rates | Choice of 1, 2, 3, 4 & 5 year terms |
| Loan Size | Minimum Loan $30,000 Maximum Loan $750,000 single security or $1,000,000 with multiple securities.(conditions apply) |
| Maximum Borrowings (Loan to Value Ratios) | 80% maximum |
| Loan Period | up to 30 years |
| Repayment Options | Principal and Interest or Interest Only – Terms 1 to 10 years |
| Mortgage Insurance | Not applicable |
| Payment Convenience | Rent income can be paid directly into loan account OR Weekly, fortnightly or monthly payments |
| Redraws | No minimum amount Standard redraws at no cost Funds available 48 hours after redraw request |
| Loan access | LoanStarNet – Internet Banking LoanStarCall – Telephone Banking |
| LoanStar Fees | Application $600(includes one standard residential valuation up to $500,000)Extra Valuation $275 (standard residential valuation up to $500,000)Legal Costs $589(one security)Account Keeping Fee NILStatement Fees NIL
Standard Redraws NIL |
| Construction Loan | Not Available |