Loanpal First

Residential Lending Solution

Interest Rate From:

6.74% p.a.

Product Features:

  • Max Loan Amount: $2,000,000

  • Max LVR: 90%

  • Max Loan Term: 30 years

  • Max IO Term: 5 years

  • Negative Credit Reporting Considered

  • Available to Individual / Company / Trust

Income Verification

  • Option 1: Latest Accountant prepared Company tax return and financial statements

    Option 2: Latest Company financial statement with accountants’ declaration stating that the financials provided are final. (latest tax return or financial statement must be no older than 18 months)

  • A letter from accountant confirming business is trading profitably and meeting all its current liabilities including wages and is not in default of any financing arrangements

    Plus One of the following:

    • 1 current payslip showing more than three months YTD or

    • 3 months of director’s wage salary credit or

    • ATO income statement with minimum 3 months history

  • ABN search confirming minimum of 18 months trading, latest personal tax return and one of the following:

    • Latest ATO Notice of Assessment; or

    • Written confirmation from accountant stating that the tax return provided is final; or

    • The previous years ATO Notice of Assessment

    • 2 Payslips (Within 60 Days),

      or Any 2 of the Folowing:

    • 1 Payslip (Within 60 Days)

    • Employment Letter

    • Income Statement (Most Recent)

Fee & Charges

    • Establishment Fee from $550

    • Valuation Fee from $440

    Please Note:

    If the valuation cost exceeds $440, any additional amount will be advised and payable before proceeding.

    Valuation fees are non-refundable once the valuation has been ordered.

    • Solicitor Documentation Fee from $385 Payable at Settlement

    • Annual Fee $180 Payable at Settlement & annually Thereafter

    • Settlement Fee $275 Payable at Settlement

    • Escalation Fee $350 Payable at Settlement

    • AVM Product Fee $49 Payable at Settlement

    • Product Discharge Fee from $695 Payable at Discharge

    • Processing Fee from $330