Brighten Product Update

Effective from 12th October 2021 – the following changes have been made to the Brighten Non-Resident home loan products.

Brighten Easy Builder® Non-Res 

• Reduced interest rate from 3.88%p.a.* (comparison rate 4.55%p.a.#) up to 65%LVR and $900,000 
• Reduced interest rate from 4.28%p.a.² (comparison rate 4.94%p.a.#) up to 70%LVR and $900,000
• Max. LVR for loans >$1.5m (security located in NSW/VIC) increased to 60%LVR
• Reduced Risk Fees from 0.5% for loans >$750,000
• Reduced interest rate loading to 1%p.a. for loans >$900,000
• Construction fees: One-off $2,000 Construction Administration Fee plus Construction Inspection Fee of $300 per progress payment 

Brighten Evergreen

• Removed interest rate loading for Inner-City High-Density apartment units  
• Removed interest rate loading for loans >$1,500,000
• Max. LVR for loans >$1.5m (security located in NSW/VIC) increased to 65%LVR 

For more information, please download the latest Product Flyer from your Brighten Broker Portal.

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Contact your BDM for any queries.