Target MarketSuited to borrowers who have an impaired credit history, which may include prior defaults of a reasonably serious nature and/or bankruptcy. In the last 12 months they would have made some progress towards rebuilding their financial position.
Key Features and Benefits
- Provides borrowers with impaired credit history access to finance to purchase a home
- Loans being refinanced can include up to 3 other debts for personal purposes such as personal loans and credit cards
- Loan terms of up to 30 years are available
- Capitalisation of LMI Premium available
- Available for a range of purposes including
- Refinances, Vacant Land and Construction
Maximum Loan Amount And LVR (Per Security)As per Genworth Financial Security Location Guide
Property Type
|
LVR
|
Category 1
|
Category 2
|
Category 3
|
|
House / Unit
|
0 - 80%
|
$600,000
|
$600,000
|
-
|
|
80.01 - 90%
|
$500,000
|
$400,000
|
-
|
|
Land
|
0 - 85%
|
$350,000
|
-
|
-
|
Click here to download our Maximum Loan Amount Matrix
|
About Us Locally
