5. Loan Amount rules

The following parameters apply for loan amounts, across Bluestone products:

  • Minimum loan size is $100,000 before fees, loan splits; can be up to and including 4 splits, with a minimum of $50,000 per split
  • Maximum individual loan size is $2,500,000 inclusive of fees subject to product, location and LVR rules
  • Non-metro locations; Maximum of $1,000,000
  • Non-metro WA is not acceptable
Sydney/Melbourne Metro
LVR

≤90%

$1,250,000*

n/a

n/a

n/a

≤85%

$1,500,000

$1,500,000

$1,500,000

n/a

≤80%

$1,750,000

$1,750,000

$1,500,000

$1,000,000

≤75%

$2,000,000

$2,000,000

$1,500,000

$1,500,000

≤70%

$2,000,000

$2,000,000

$1,500,000

$1,500,000

≤65%

$2,500,000

$2,500,000

$1,500,000

$1,500,000

≤60%

$2,500,000

$2,500,000

$1,500,000

$1,500,000

*Prime full only

Metro - Other
LVR

≤90%

$1,250,000*

n/a

n/a

n/a

≤85%

$1,250,000

$1,250,000

$1,500,000

n/a

≤80%

$1,500,000

$1,500,000

$1,500,000

$1,000,000

≤75%

$1,500,000

$1,500,000

$1,500,000

$1,500,000

*Brisbane only.

Non-Metro (WA non-metro unacceptable)
LVR

≤85%

$1,000,000*

n/a

n/a

n/a

≤80%

$1,000,000

$1,000,000

$750,000

$750,000

≤75%

$1,000,000

$1,000,000

$1,000,000

$1,000,000

≤70%

$1,000,000

$1,000,000

$1,000,000

$1,000,000

≤60%

$1,000,000

$1,000,000

$1,000,000

$1,000,000

*Prime full doc only.

Aggregate exposure limits

  • Fully documented applications: $3,000,000 
  • Alternative documentation applications: $2,500,000
  • Specialist+ applications: $1,500,000
  • When the overall exposure is greater than $2,000,000, a weighted average LVR restriction applies:
    • If the highest value property is in Sydney or Melbourne, the weighted average LVR limit is 80%
    • In all other locations, the maximum LVR weighted average is 75%

Loans >$1,500,000

Loans that exceed $1,500,000 inclusive of fees:

  • Security must be within a capital city postcode of Sydney or Melbourne with a population minimum of 100,000 within a 10km radius.
  • Not permitted on Specialist+
  • Exceptions are not permitted on loans >$1.5m or loans >80% LVR
  • Interest only is not available.
  • Only one security permitted per loan

90% PRODUCT

  • Prime Full only
  • Sydney/Melbourne/Brisbane Metro only
  • Owner Occupied (P&I)
  • Max Loan amount 1.25m
  • No cash out
  • No exceptions
  • Lending Manager sign off required