Resi Essentials Near Prime – How they can help

31st Jan, 2022 | Branch News 1 February 2022, Lender Updates

In this article:
Rates starting at 3.25% for your near prime clients + great SLA’s Resi

Essentials Near Prime is here to help with your clients that don’t quite fit into the Prime space.

What Resi can help with under Essentials Near Prime:

  • Debt consolidation – unlimited
  • Business purposes
  • Payment of tax debt
  • Defaults, judgements and writs up to $2,000 per incident incurred at any time
  • Defaults, judgements and writs over $2,000 must be registered for 24 months
  • Discharged from bankruptcy (1 day)
  • No genuine savings required
  • PAYG Permanent full time or part time – no minimum employment term (probation considered) with clear credit conduct

Just to make this product more ir-resi-stible they waive valuation fees up to $300, and under their current promotion, there is no risk fee up to 70%. Please see linked fact sheet for more information on this great product.

SLA’s are very important in delivering a great service to brokers and clients, they are pleased to announce that their credit team are still maintaining SLA’s of 1 day for Pre-assessment and 3 days for credit.

 For more information, please contact your BDM or Broker Support.