Heritage Bridging Loan

Comparison Rate	6.94%
Amount	$250,000
Term	30 years
Monthly Payment Est.	$1,653.19
Total Amount Paid Est.	$595,080
Establishment Fee	$0.00

This loan is suitable for
A person who is self employed - Two years previous tax returns required plus copy of most recent ATO notice of assessment.
If tax returns for the last year not available a P&L and Balance Sheet for last year from qualified accountant plus a tax return from the previous year.
For applications taken after Jan 1 - as above plus Trading results or internal cash book summary with 20% variation rule applying. ie if a variation in net profit of >20% has occurred interim financials and an explanation will be required.
BAS return for July/January period (December BAS required for January application) to ensure that the half year turn over on BAS is consistent with previous full year and/or consistent with any internal interims produced.
Addbacks permitted - depreciation, interest on loans being refinanced or repaid.
Company Profits assessable on a case by case basis..
Available for people who will live in the property.
Suitable for people looking for a residential investment loan.

Home Loan Loan Term
Loan term up to 1 years

Home Loan Loan Size
For loans with a minimum value of $20,000 and a maximum of $0

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Repayment Options
Weekly repayments accepted.

Extra Repayments
Additional repayments are allowed - Unlimited.

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Split Loan Facility
Not available.

Offset
Not available.

Redraw Facility
Not available.

LVR for Heritage Bridging Loan

Maximum available LVR is 72%

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Fees for Heritage Bridging Loan

Monthly Fee $0.00
Annual Fee $0
Establishment Fee $0
Discharge Fee $200
Legal Fee $0
Portability Fee $0
Settlement Fee $0
Switching Fee $0
Early Termination Fee $0