Loanpal First
Borrower Rate From:
6.24% p.a.
Product Features:
Max Loan Amount: $2,000,000
LVR: 80%
Max Loan Term: 30 years
Max IO Term: 5 years
Negative Credit Reporting
Loanpal First Promotion Rate Card (Valid to 31 Jul 2026)
No Risk Fee
1.1% Risk Fee
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
-
Application & Valuation Fee
Total Upfront Fee: $990
Includes valuation fee coverage up to $440
Please Note:
Valuation costs above $440 will be
advised before proceeding.
$550 application fee is refundable,
if the application is unsuccessful.
-
Solicitor Documentation Fee $385 or At-Cost
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
Eligible Borrowers:
Individuals
Company
Trust
Australian Temporary Visas with a primary borrower being an Australian permanent resident or citizen
(subject to acceptable VISA class)
Temporary visa holders are not eligible as sole applicants.
Acceptable Visa Class
| Category | Temporary Visa |
|---|---|
| Skilled & Employer | Subclass 482 – Temporary Skill Shortage (TSS) |
| Skilled & Employer | Subclass 491 – Skilled Work Regional (Provisional) |
| Skilled & Employer | Subclass 494 – Skilled Employer Sponsored Regional (Provisional) |
| Skilled & Employer | Subclass 485 – Temporary Graduate |
| Skilled & Employer | Subclass 476 – Skilled Recognised Graduate |
| Family & Partner | Subclass 300 – Prospective Marriage |
| Family & Partner | Subclass 309 – Partner (Provisional, offshore) |
| Family & Partner | Subclass 820 – Partner (Temporary, onshore) |
| Family & Partner | Subclass 884 – Contributory Aged Parent (Temporary) |
| Business & Investment | Subclass 188 – Business Innovation & Investment (Provisional) |
| Special & Regional | Subclass 444 – Special Category (NZ Citizens) |
| Special & Regional | Subclass 408 – Temporary Activity |
| Closed/Replaced | Subclass 160–165 – Business Skills (Provisional) |
| Closed/Replaced | Subclass 457 – Temporary Work (Skilled) |
| Closed/Replaced | Subclass 487 – Skilled Regional Sponsored |
Security Location Guide
| State | Metro Postcodes | Non-Metro Postcodes |
|---|---|---|
| ACT | 2600–2617 2900–2920 |
0200–0799 |
| NSW |
1000–1920 2000–2005 2006–2308 2500–2534 2555–2574 2745–2786 |
1921–1999 2309–2499 2535–2554 2575–2599 2618–2744 2787–2899 2921–2999 |
| VIC |
3000–3010 3011–3232 3235 3240–3241 3321 3328–3340 3427–3441 3750–3815 3910–3920 3926–3944 3972–3978 3980–3983 |
3233–3234 3236–3239 3242–3320 3322–3327 3341–3426 3442–3749 3816–3909 3921–3925 3945–3971 3979 3984–3999 |
| QLD |
4000–4004 4005–4228 4270–4313 4340–4342 4346 4500–4575 |
4229–4269 4314–4339 4343–4345 4347–4499 4576–4999 |
| SA |
5000–5005 5006–5199 5800–5999 |
5200–5799 |
| WA |
6000–6004 6005–6214 6800–6999 |
6215–6799 |
| TAS |
7000–7003 7004–7199 7800–7899 |
7200–7799 7900–7999 |
| NT |
0800–0820 0828–0832 |
0821–0827 0833–0999 |
