Group Lending Update

We have a fair bit happening in the Group Lending business this week. Here are some updates for you.

Smart Pro Credit Policy changes.

Our Smart Pro range has been improved with some greater flexibility with regard acceptance of Government payments.

We accept government payments for:

  • Disability Pensions - exempt from asset/income test, i.e. Permanent Blindness
  • Widow Pensions
  • Foster Care Payments
  • Supplement Payments (related to certain pensions)

Government payments income needs to be verified by 6 months of consecutive income credits with:

  • The most recent bank statement/ internet banking transaction listing no older than 60 days as at the application submission date. The narrative of the direct credit must clearly identify that it has been paid by the government authority/government agency.
  • A letter from the government agency making the payment is no older than 60 days as at the application submission date, detailing the customer's name and the income amounts received over the past 6 months.

Flexi Options - fixed rates offers to compliment sharp variable rates for investment.

For some time now, Group Lending has had some sharp rates on offer for both Investors and Owner Occupiers. If you are not familiar with these the rate sheet can be found (Here) with the special offers detailed on the front page. We are excited to announce some competitive fixed rates now on offer to compliment the variable investment offerings.

You can now team up the following 2 year fixed rates with our competitive variable investment rates. These are some of the sharpest variable/fixed rate combinations in the market place. What's more, the Flexi Options also offers the ultimate flexibility on fixed rates, with a fully operational 100% offset account available against both variable and fixed rates with a monthly fee of only $10!

Investment P&I

2 year fixed rate - 4.19% p.a. available up to 90% LVR.

Variable - 3.89% p.a. available up to 80% LVR.

Investment Interest Only

2 year fixed rate - 4.37% p.a. available up to 80% LVR.

Variable - 4.52% p.a. available up to 80% LVR.

Got you interested? Have a chat with the team to get your next application underway!

Names Role Phone Email
Craig Herden Partnership Manager - Vow 0478 537 841
Tony Wakim Head Office Based BDM 1800 737 448, press option 1 for `Scenarios'