Our NDIS Loan solutions are designed to assist investors to acquire purpose built SDA compliant property under the National Disability Insurance Scheme. Granite has tailored its lending policy for this class of security.
LOAN FEATURES AND BENEFITS
Maximum Loan Amount:
Fixed rate option (upon request)
Offset Account available activated after construction
Make additional payments
Purpose Built SDA Compliant Property
Risk Fees apply from 60% LVR
A Repayment Schedule that suits you with Weekly, Fortnightly or Monthly Repayments
Unlimited transactions via internet, Phone, BPay, Debit Card, ATM
Australian Citizen or Permanent/ Temporary Resident with corresponding VISA living and working in Australia
PAYG and Self Employed OK- Documented evidence of Income over 2 years
Clean Credit- No blemishes, no defaults, no previous bankruptcy
Minimum 12 months employment- Casual, Full Time, Part Time, Contract OK
Self employed minimum 24 months ABN- Tax returns must show evidence of profit for both Business and individual for the last 2 completed financial years.
Annual Fee $395
Offset Account Free. Activated after construction
Application Fee Nil
Valuation Fee From $1.800 (at cost payable at val)
Construction Progress Vals $880 (payable at settlement)
Construction Admin Fee $750 (payable at settlement)
Interest Only Option 0.30% p.a. loader (I/O included in the1st year for construction)
LMI / Exit / Break Fees Nil
Legal Fees $275 (≤80%) plus disbursements, $550 (>80%) plus disbursements
If you are interested in learning more about our equity support product, please reach out to your preferred local or online broker.
Don't have a broker? You can find one by clicking the following link.