| TIER 1 | TIER 2 | TIER 3 | |
|---|---|---|---|
Eligible Postcodes |
Metro Plus | Metro Plus, Category 1, Category 2 | All Postcodes Considered |
Credit |
Clean Credit | Borrower Defaults Considered | Borrower Defaults Considered |
Maximum LVR - Residential |
55% | 65% | 70% |
Maximum LVR - Commercial |
45% | 55% | 65% |
Prime Rate (Residential) |
7.45% | 8.45% | 8.95% |
Prime Rate (Commercial) |
8.20% | 9.20% | 9.70% |
Establishment Fee |
1.65% | 1.85% | 2.00% |
RISK-BASED LOADING GUIDELINES |
|||
Loans $500,000 - $1,000,000 |
0.25% | 0.25% | 0.25% |
Loans >$3,000,000 |
1.00% | 1.00% | 1.00% |
Mimimum Term 3 Months - 6 Months (Estab. Fee) |
0.25% | 0.25% | 0.25% |
Mimimum Term 7 Months - 11 Months (Estab. Fee) |
0.15% | 0.15% | 0.15% |
SMSF
A loan to an SMSF via a limited recourse borrowing arrangement (LRBA) for the purchase of residential or commercial property.KEY FEATURES
| Acceptable Borrower | SMSF (Trustee Company) |
| Loan Purpose | Purchase of residential or commercial propert |
| Eligible Property Security | Residential Security / Commercial Security |
| Assetline Interest Registered | Registered 1st Mortgage |
| Loan Amount | $500,000 - $5,000,000 |
| Loan Term | 3 Months - 36 Months |
| Interest Payments | Paid monthly in advance or prepaid (partially or fully) |
KEY CRITERIA
| Surplus Liquidity | 20% of Property Security to be held in cash or liquid assets |
| SMSF Financials | Last 12 months required |
| SMSF Tax Returns | Last 2 years required |
| Rental Income | Evidence of projected rental income required |
| Personal Guarantee | Required |
Download your Product Guide here
Assetline provides funding for high quality property-backed transactions that sit outside mainstream bank policy.
We lend to all major metro centres nationwide, offering finance to NSW, VIC, QLD, SA, WA, TAS and ACT. Because we are lenders, not brokers, you deal directly with the team who makes the lending decisions.
