Near Prime Full Doc
A simple home loan for clear credit borrowers who need a bit more flexibility.
Near Prime is for people who are PAYG or self-employed with clear credit who need a bit more flexibility in their home loan product. If this sounds like you, Near Prime offers you more options for refinancing and simpler ways to prove your income, and can overlook small financial hiccups like a late electricity bill.
How to prove your income
PAYG: 2 most recent pay slips + matching salary credits in your bank account
Self-employed: Most recent tax return and Notice of Assessment (NOA) + last 3 months' business bank statements or business activity statements (BAS)
Your personal loan consultant may request further documents depending on your specific situation.
Interest rates from 3.74% p.a.*
(4.09% p.a. comparison rate**)
Borrow up to 85% LVR without paying Lenders Mortgage Insurance (LMI)
Short term and casual employment accepted
Judgements & defaults less than $1,000 or greater than 24 months old ignored
Unlimited debt consolidation, including ATO debt
and loans from private lenders
Release up to $500,000 of equity
Subject to credit assessment and lending criteria. Terms and conditions apply. Risk fee applies.
A Near Prime success story
SINGLE MUM REALISES HOME OWNERSHIP DREAM DESPITE CREDIT BLIP
Carolyn lives in a rented apartment with her 17-year-old son, and is ready to buy their first family home. She has a strong employment history as an essential worker in the Roads and Traffic sector and has no other debts.
But four years ago she forgot about a small interest-free loan for a kitchen appliance that came due at the same time her dad passed away. She paid off the loan as soon as she became aware of it, but the default is still on her record, and she's worried it'll prevent her from getting a loan.
Carolyn's personal loan consultant listened to the context of her default, and was satisfied that it was a one-off event caused by exceptional circumstances at the time.
We were happy to approve Carolyn for her first home loan at 75% LVR and a competitive rate of 3.89%.
Case studies are for illustrative purposes only.
This is what our customers are saying...
My mortgage specialist Jessica Wilson was the best broker/mortgage provider I have ever dealt with. I have owned a few homes before and never have I had such great service.
Jessica was extremely helpful and supportive from application to settlement. She found me the best possible rate and time frame for my home loan. She was always upfront with me and replied promptly to my emails and phone calls. Given the current climate, Jessica's attention to detail made me feel comfortable and supported. Thank you!!
Bluestone made the whole experience absolutely painless.
I wouldn't hesitate to recommend Bluestone to anyone requiring a home loan.
I would recommend Bluestone to anyone with out-of-the-norm home loan needs.
Take 3 minutes to pre-qualify
Love the sound of Near Prime Full Doc?
Tell us a bit more about the loan you're after to see your individual indicative interest rate and get matched with your personal loan consultant.
Things we'll ask about:
- The purpose of your home loan
- The approximate value and location of the property
- The size of your deposit or existing equity
Please note pre-qualification only confirms that your loan goals and property likely fall within Bluestone’s credit policy, and does not constitute pre-approval for a loan. Your personal loan consultant will help you determine if you want to proceed with an application.
Calculate how much you may be able to borrow
Note: The results from this calculator should be used as an indication only. Repayments are not inclusive of a $15 administration
fee, payable each month per loan split on some of our products. Results do not represent either quotes or pre-qualifications for a loan. Bluestone may not provide loans according to all repayment scenarios achievable in this calculator. The specific details of a loan will be provided in the loan contract.