We're pleased to let you know that we are offering special interest rates for all NEW Residential Full Doc and Residential Mid Doc loans from Monday 2 October until Friday 10 November 2023.
NEW Lending - Residential Full Doc Principal & Interest for Owner Occupiers
| LVR |
<= 50% |
<= 60% |
<= 65% |
<= 70% |
<= 75% |
<= 80% |
| Rate |
6.58% p.a. |
6.58% p.a. |
6.58% p.a. |
6.73% p.a. |
6.73% p.a. |
6.73% p.a. |
NEW Lending - Residential Mid Doc Principal & Interest for Owner Occupiers
| LVR |
<= 50% |
<= 55% |
<= 60% |
<= 65% |
<= 70% |
<= 75% |
<= 80% |
| Rate |
6.98% p.a. |
7.03% p.a. |
7.03% p.a. |
7.03% p.a. |
7.03% p.a. |
7.18% p.a. |
7.23% p.a. |
Note: Interest Only +0.25% | Investment +0.25% | Loans >$2m +0.20% | Loans >$1m outside capital cities +0.20%
Owner Occupied rates are only available to individual borrowers. Partnerships, Trusts and Company borrowers attract the investment interest rate regardless of the property ownership.
Maximum Loan Amounts
| LVR |
Syd / Melb / Bris |
Other Metro |
Regional |
| 80% |
$1.5m |
$1.5m |
- |
| 75% |
$1.5m |
$1.5m |
$1.0m |
| 70% |
$2.0m |
$2.0m* / $1.5m |
$1.5m* / $1.0m |
| 65% |
$2.5m |
$2.0m* / $1.5m |
$1.5m* / $1.0m |
*Multiple securities required. Maximum Total Borrowing Limit $3.0M.
Mid Doc Requirements
Statement of self certified income supported by one of the following:
- Accountants letter, or
- Last 2 x BAS statements, or
- Last 6 months trading bank account statements or
- 1 year tax return & NOA or
- 1 year financial statement or
- 1 year tax return & NOA plus 1 year financial statement (discount applies)
Why Connective Advance?
Statement of self certified income supported by one of the following:
- Self employed and PAYG, tailored loan solutions for purchase, refinance and/or equity release.
- Owner occupied and investment up to 30 years, 5 years Interest only
- Flexible cash out for business, investment purposes & tax debt payout
- Servicing based on most recent financial information
- No credit scoring, all loans assessed on their merits.
- Lend to individuals, companies (public or private), trusts, trading and non trading entities, partnerships & registered business name
- 3 month ABN considered subject to 24 months industry experience.
Your residential and commercial support team below will provide guidance every step of the way, from workshop to settlement, and are always available for informal conversations and industry insights and updates.
We're committed to helping you in your business by providing clear policies, innovative products, and tailored service and support. Please feel free to contact the team to discuss how we can work together to deliver great outcomes for your clients.
