6. Maximum Loan to Value Ratio (LVR)

The Loan to Value ratio (LVR) refers to the calculation of the loan amount as a percentage of the security value. Security value initially can be an estimate for refinances, until which point we receive a suitable valuation from an accredited panel valuer. Likewise, for a purchase, this will be the lower of the contracted purchase price or valuation.

  • Max LVRs per product:
    • Prime Full Syd/Melb/Brisb metro only 90% (Subject to ASL)
    • Prime & Near Prime:
      • 85% Metro/Metro Other
      • Prime full doc only - 85% Non Metro (Subject to ASL)
    • Specialist
      • Max of 80% for Owner Occ (Metro) or 80% (Non Metro subject to ASL)
    • Specialist+
      • Max of 75% or 70% (Non Metro)
  • Max LVRs per loan purpose:
    • Owner occupied:
      • 90% inclusive of fees (and subject to acceptable security location criteria)
    • Investment:
      • 80% Interest only, Prime & Near Prime
      • 75% for interest only, Specialist & Specialist+(subject to Owner Occ arrears)
      • 80% for P&I
  • Max LVRs as per security features:
    • Residential tower blocks:
      • Units in blocks of 4-10 storeys that are  new developments (built within 5 years) are limited to 70% including fees.