Brighten Product Update
Effective from 12th October 2021, the following changes have been made to the Brighten Non-Resident home loan products.
Brighten Easy Builder® Non-Res
- Reduced interest rate from 3.88%p.a.* (comparison rate 4.55%p.a.#) up to 65%LVR and $900,000
- Reduced interest rate from 4.28%p.a.2 (comparison rate 4.94%p.a.#) up to 70%LVR and $900,000
- Max. LVR for loans >$1.5m (security located in NSW/VIC) increased to 60%LVR
- Reduced Risk Fees from 0.5% for loans >$750,000
- Reduced interest rate loading to 1%p.a. for loans >$900,000
- Construction fees: One-off $2,000 Construction Administration Fee plus Construction Inspection Fee of $300 per progress payment
- Removed interest rate loading for Inner-City High-Density apartment units
- Removed interest rate loading for loans >$1,500,000
- Max. LVR for loans >$1.5m (security located in NSW/VIC) increased to 65%LVR
For more information, please download the latest Product Flyer from your Brighten Broker Portal.
Contact your BDM for any queries.
*WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.