| Getting started |
| Minimum amount |
$20,000 |
| Maximum amount |
No maximum for loans, subject to property valuation. (Variation on standard terms for loans or properties over $1m) |
| Loan value ratios |
| Age |
LVR |
|
Age |
LVR |
|
Age |
LVR |
|
Age |
LVR |
| 60 |
10.0% |
|
70 |
20.0% |
|
80 |
35.0% |
|
90 |
45.0% |
| 61 |
11.0% |
|
71 |
22.0% |
|
81 |
36.0% |
|
91 |
46.0% |
| 62 |
12.0% |
|
72 |
24.0% |
|
82 |
37.0% |
|
92 |
47.0% |
| 63 |
13.0% |
|
73 |
26.0% |
|
83 |
38.0% |
|
93 |
48.0% |
| 64 |
14.0% |
|
74 |
28.0% |
|
84 |
39.0% |
|
94 |
49.0% |
| 65 |
15.0% |
|
75 |
30.0% |
|
85 |
40.0% |
|
95+ |
50.0% |
| 66 |
16.0% |
|
76 |
31.0% |
|
86 |
41.0% |
|
|
|
| 67 |
17.0% |
|
77 |
32.0% |
|
87 |
42.0% |
|
|
|
| 68 |
18.0% |
|
78 |
33.0% |
|
88 |
43.0% |
|
|
|
| 69 |
19.0% |
|
79 |
34.0% |
|
89 |
44.0% |
|
|
|
n.b. There are some post code restrictions, which may mean we are unable to lend at present, or only offer reduced LVRs |
| Property restrictions |
No retirement villages/resorts or transportable homes. Some postcode restrictions apply. |
| Negative equity guarantee |
Neither the borrower nor their estate will owe more than the value of the property unless the borrower breaches the loan terms. |
| Investment properties |
Considered on an individual basis (variation on standard terms) |
| Outstanding borrowing |
To be repaid at drawdown |
| Insurance requirements |
Current homeowners' replacement policy |
| Pensions impact |
Refer to Centrelink |
| The choices |
| Lump sum options |
- Fixed interest rate over 5, 10, 15, 20 years or Lifetime
- Variable interest rate |
| Monthly Income options |
- Variable interest rate over 5, 10, 15 or 20 years
- Equal payments or 2.5% annual increase |
| Flexible drawdown options |
- Combination fixed and variable rate
- Combination lump sum, monthly income or cash reserve |
| In addition, you can protect up to 25% of the value of your home (lower LVRs will apply) |
