Prime Loan

The Red Rock Prime loan is a prime home loan that provides you with additional leverage (up to 97% of your property value), flexibility with no ongoing loan fees. This professional home loan contains a  market leading variable interest rate, the choice of either P & I or interest only repayments and the ability to split your loan into 4 separate sub accounts.

The prime loan is a prime loan ideal for PAYG income earners, investors and professionals who can provide proof of income. Contact Us today for more information on this loan.

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PRODUCT SPECIFICATIONS
Rate	Variable or Fixed
Repayment Type	Principle & Interest or Interest Only 1-15 yrs
Loan Term	25 or 30 years
Max Loan Amount	$1,200,000
Purpose	Purchase or Refinance Owner Occupied Investment/Business
Repayment Frequency	Fortnightly, Monthly
Repayment Options	Salary Crediting, Cheque, EFT, Direct Debit
Split Accounts	Yes, Up to 4
Acceptable Security	Residential or Rural Residential
Mortgage Insurance	Paid by Lender
Max LVR	97% - $600,000 (purchase only) 95% - $750,000 (purchase & refi) 90% - $1,000,000 (purchase & refi) 80% - $1,200,000 (purchase & refi)

PRODUCT FEATURES
Phone Banking	Yes
Internet Banking	Yes
Cheque Book	Yes (LOC)
Line of Credit (LOC) option	Yes
Free Redraw Facility	Yes
Interest Capitalisation	Yes (LOC)
Deposit Book	Yes
BPay (Inwards)	Yes
Salary Crediting	Yes
Additional Repayments	Yes
Monthly Fee	NIL
Company/Trust Eligible	Yes
Loan Portable	Yes
EFT Direct Debit	Yes
Income Requirements	PAYG 2 payslips + Group Certificate, Self Employed 2 Years Business & Personal Returns