Redrockmortgages.com.au :: Mortgage Broker & Home Loans in Melbourne Australia
Red Rock Mortgages
Prime Loan

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