Prime Finance

Residential Property

Qualifying Locations

Major Cities: Sydney (50kms), Melbourne (35kms), Brisbane (20kms), Gold Coast (20kms), Canberra (10kms)

Regional Cities: Newcastle, Wollongong, Geelong, Central Coast (NSW)

Destinational: Byron Bay, Southern Highlands, Mornington Peninsula, Noosa

Note: Regions / suburbs other than the above to be considered on a case-by-case basis

LVR

Major Cities: Up to 75.00% LVR

Regional Cities: Up to 65.00% LVR

Destinational: 55.00% LVR

Loan value to be inclusive of all capitalised interest and fees incurred during the loan period.

Maximum LVR’s to be increased further on a case-by-case basis

Interest Rates

LVR Rate
Below 50.00% Higher of 8.75% and 490 bps margin over RBA Cash Rate
50.01 – 55.00% Higher of 9.00% and 515 bps margin over RBA Cash Rate
55.01 – 60.00% Higher of 9.25% and 540 bps margin over RBA Cash Rate
60.01 – 62.50% Higher of 9.75% and 590 bps margin over RBA Cash Rate
62.51 – 65.00% Higher of 10.25% and 640 bps margin over RBA Cash Rate
65.01 – 70.00% Higher of 10.85% and 700 bps margin over RBA Cash Rate
Above 70.00% Higher of 11.50% and 765 bps margin over RBA Cash Rate

RBA Cash Rate Floor: 3.60%

Note: Regions / suburbs other than those noted in qualifying locations to be considered on a case-by-case basis, and may incur a higher rate.

Commercial Property

Qualifying Locations

Major Cities: Sydney (50kms), Melbourne (35kms), Brisbane (20kms), Gold Coast (20kms), Canberra (10kms)

Regional Cities: Newcastle, Wollongong, Geelong, Central Coast (NSW)

Destinational: To be considered on a case-by-case basis

LVR

Major Cities: Up to 65.00% LVR

Regional Cities: Up to 60.00% LVR

Loan value to be inclusive of all capitalised interest and fees incurred during the loan period.

Maximum LVR’s to be increased only in areas within 30km of the CBD for Sydney, within 20km of the CBD for Melbourne, and within 10kms of the CBD for Brisbane and Gold Coast, on a case-by-case basis.

Minimum capitalisation rate accepted on Valuation: 6.25%

Interest Rates

LVR Rate
Below 45.00% Higher of 8.75% and 490 bps margin over RBA Cash Rate
45.01 – 50.00% Higher of 9.25% and 540 bps margin over RBA Cash Rate
50.01 – 55.00% Higher of 9.75% and 565 bps margin over RBA Cash Rate
55.01 – 60.00% Higher of 10.25% and 640 bps margin over RBA Cash Rate
60.01 – 65.00% Higher of 10.75% and 690 bps margin over RBA Cash Rate
65.01 – 70.00% Case by Case

RBA Cash Rate Floor: 3.60%

Industrial Property

Qualifying Locations

Major Cities: Sydney (50kms), Melbourne (35kms), Brisbane (20kms), Gold Coast (20kms), Canberra (10kms)

Regional Cities: Newcastle, Wollongong, Geelong, Central Coast (NSW)

Destinational: To be considered on a case-by-case basis

LVR

Major Cities: Up to 65.00% LVR

Regional Cities: Up to 60.00% LVR

Loan value to be inclusive of all capitalised interest and fees incurred during the loan period.

Maximum LVR’s to be increased only in areas within 30km of the CBD for Sydney, within 20km of the CBD for Melbourne, and within 10kms of the CBD for Brisbane and Gold Coast, on a case-by-case basis.

Minimum capitalisation rate accepted on Valuation: 5.50%

Interest Rates

LVR Rate
Below 45.00% Higher of 8.75% and 490 bps margin over RBA Cash Rate
45.01 – 50.00% Higher of 9.25% and 540 bps margin over RBA Cash Rate
50.01 – 55.00% Higher of 9.75% and 565 bps margin over RBA Cash Rate
55.01 – 60.00% Higher of 10.25% and 640 bps margin over RBA Cash Rate
60.01 – 65.00% Higher of 10.75% and 690 bps margin over RBA Cash Rate
65.01 – 70.00% Case by Case

RBA Cash Rate Floor: 3.60%

Retail Property

Qualifying Locations

Major Cities: Sydney (50kms), Melbourne (35kms), Brisbane (20kms), Gold Coast (20kms), Canberra (10kms)

Regional Cities: Newcastle, Wollongong, Geelong, Central Coast (NSW)

Destinational: To be considered on a case-by-case basis

LVR

Major Cities: Up to 65.00% LVR

Regional Cities: Up to 60.00% LVR

Loan value to be inclusive of all capitalised interest and fees incurred during the loan period.

Maximum LVR’s to be increased only in areas within 30km of the CBD for Sydney, within 20km of the CBD for Melbourne, and within 10kms of the CBD for Brisbane and Gold Coast, on a case-by-case basis.

Minimum capitalisation rate accepted on Valuation: 6.25%

Interest Rates

LVR Rate
Below 45.00% Higher of 8.75% and 490 bps margin over RBA Cash Rate
45.01 – 50.00% Higher of 9.25% and 540 bps margin over RBA Cash Rate
50.01 – 55.00% Higher of 9.75% and 565 bps margin over RBA Cash Rate
55.01 – 60.00% Higher of 10.25% and 640 bps margin over RBA Cash Rate
60.01 – 65.00% Higher of 10.75% and 690 bps margin over RBA Cash Rate
65.01 – 70.00% Case by Case

RBA Cash Rate Floor: 3.60%

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