foreign investor loan

SALARY AND WAGE EARNERS (PAYG)

1. Last 3 months personal bank account statements showing regular salary credits; and
2. Employment agreement or letter from Employer; or
3. Last 3 months salary slips for regular income.

SELF EMPLOYED

1. Last 6 months personal bank account statements showing distributions, dividends or other credits from the business (business bank statements may be required if credits are irregular or insufficient); and
2. Two years business financials; or
3. Accountant certificate.

ALL APPLICANTS

1. Completed Mortgageport Application Form;
2. Identification:
   1. Copy of Passport, and
   2. Copy of one other Photo ID;
      1. Country Identification Card; or
      2. Driver’s Licence;
3. Personal Credit Check Report issued by relevant jurisdiction[6]
4. Evidence of assets where income is assessed for serviceability, including:
   1. Property Ownership;
   2. Share/Investment Certificates/Statements;
   3. Rental Statements;
5. Purchase:
   1. Evidence of funds to complete the property purchase; and
   2. ii. Contract of sale;
6. Refinance and/or Equity Release:
   1. 6 months mortgage statement (for property under mortgage); and/or
   2. Copy of the property title (for fully owned property applying for equity release)

All languages other than Chinese, Vietnamese, Bahasa Indonesia and Bahasa Malaysian documents must be translated by a qualified NAATI Translator.

IMPORTANTS

1. The Comparison Rate is based on a secured loan amount of AUD $150,000 at 60% LVR, and salaried applicant purchasing a property larger than 50sqm, over a term of 25 years. Warning: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. This advertisement does not take into account your personal and financial situation. Terms, conditions, fees, charges and lending criteria apply and are available on application.
2. The variable interest rate is calculated by reference to the variable interest rate plus or minus an Applicable Margin.
3. Other fees and charges are payable.
4. Includes one valuation up to $440. Where valuation exceeds this cost, the difference is payable by the client at settlement.
5. The annual package fee for Year 1 is payable at settlement and on the annual settlement anniversary thereafter.
6. Acceptable personal credit check reports are ones issued by: China (Mainland): Credit Reference Centre, People’s Bank of China, Indonesia: Bank of Indonesia, Malaysia: Bank Negara Malaysia, Singapore: DP Bureau. For countries not listed here, our loan assessors will advise on an acceptable credit reporting agency in your country at the time of loan assessment.