Product overview
Self Managed Super Fund (SMSF) Lending. Residential, Commercial Purchase or Refinance:
- Purchase: 90% Residential and 80% Commercial
- Easy Refinance: 80% LVR – Loan must be settled over 12 months ago and demonstrate last 12 months of good conduct – verified through loan statements
- Limited transaction 100% Offset account available
- Corporate trustees only
- No ongoing liquidity threshold & minimum net Asset test pre or post settlement
Easy Refi Owner Occupied and Investment Loan – Lower Doc product at Full Doc Rates:
- Better rates and faster funding
- To max loan of 80% LVR Residential loan (owner occupied or Investment)
- Good credit history and Granite interest rate must be lower than their current rate
- New P&I repayments must be lower than current P&I repayments
- Employed for more than 6 months
- Cash out option available
Lender Paid LMI – help your client stretch their deposit:
- Minimum requirements: Cat 1 & 2, Established properties, Clean Credit, Veda Credit score over 600, purchase only, no minimum income requirements.
- Professional Product 95% (Lender Paid LMI) Owner Occupied, Degree qualified, Legal, Medical, Health, Engineer, IT, Managers & Execs
- Essential Workers 90% (Lender Paid LMI) Owner Occupied, Police, Fire Fighters, Nurses, Paramedics, Primary and Secondary School Teachers.
- Lender Paid LMI up to 85% Investor and Owner Occupied – Refinance or Purchase
Construction
- 12 months Interest only during construction
- Residential: Construction investment, construction owner occupied
- Construction Risk Fee applies > 70%. No LMI payable
- Max LVR 90%
- Free offset account once construction is complete, only available for variable rate
Standard
- P&I or IO, Residential or Investment, Fixed rate
- Max LVR: 90%
- > 80% Lender Protection Fee applies
- Offset account option available
- Multiple loan split option
- Optional redraw facilities
Co-Living Product 30 yr terms):
- Funding up to 12-bedroom property
- No annual reviews
- Up to 80% LVR
- Up to $3,000,000 loan amount
- Residential and commercial property accepted
- Construction accepted
- Lender Risk and Protection fees may apply
- Borrowers can be individuals, companies and trusts
Non-Resident Lending via Granite AAA
Non-Resident Lending for Purchases, Refinance or Construction
- Wide range of accepted Countries and Currencies
- P&I or Interest Only. Fixed Rates available
- Up to 85% LVR
- Easy Refi available
- Includes 100% Offset account, redraw, Internet and Phone Banking (free unlimited transactions).
- No Early Repayment Penalties
Expat Lending via Granite AAA
Australians with overseas income, Citizens and Permanent Residents living and working overseas
- Lending for Purchases, Refinance or Construction
- Wide range of accepted Countries and Currencies
- P&I or Interest Only. Fixed Rates available
- Up to 85% LVR
- Easy Refi available
- Includes 100% Offset account, redraw, Internet and Phone Banking (free unlimited transactions)
- No Early Repayment Penalties.
Visa Holders
Acceptable Visa Holders with AUD income, requiring FIRB approval
- Wide range of acceptable Visas
- P&I or Interest Only. Fixed Rates available
- Up to 85% LVR
- Easy Refi Available
- Includes 100% Offset account, redraw, Internet and Phone Banking (free unlimited transactions)
- No Early Repayment Penalties
