Clean Slate Fully Verified Clear Clean Slate - Fully Verified Clear - LVR <80%

  • 7.24%
    p.a Standard Variable
  • 7.28%
    p.a Comparison**
  • $1,510
    Upfront fees
  • $0
    Annual fees
  • 80%
    Max Lvr
  • $2,528
    Per Month*

About Bluestone

We can help you find a solution for your self-employed and SME clients, no matter what stage of business they are at. We understand the self-employed market and know that it's the detail that can make all the difference. Taking the time to understand the needs of your client we will find a solution for them from our range of products.

Standard Variable

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*
$2,528
rate per annum
7.24%

Loan to Value Ratio

Borrow up to the maxium of 80% of the value of the property.

Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.

However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.

Lvr
80%
Capitalise LMI
No

Availability

For ["Equity", "Investment", "Owner Occupied"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].

Term
15 - 30 years
Min
$100,000
Max
$1,250,000

Eligibility

The level of financial documentaion and credit history required to apply for the loan.

Financials
Full Doc
Credit History
Non Conforming
Genuine Saving
Required

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility
Yes
Min Redraw
$50.0
Redraw fee
$0

Banking Features

Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.

Some features you may wish to consider include:

  • an offset account;
  • ability to make extra repayments;
  • a redraw facility; and
  • linked credit card and savings accounts;
  • ability to split your loan between fixed and variable interest rates
Offset Account
No
Redraw Available
Yes
Credit Card
No
Internet Banking
Yes
Telephone Banking
No
BPay Option
No
Portability of Loan
Yes
Professional Pack
No
Check Account
No
Direct Salary Credit
Yes
Free Transactions
No
Minimum Redraw
Yes
Redraw Fee
Yes

Repayments

You can make your repaments Fortnightly, Monthly, and Weekly.

Interest Only Option
Yes
Max Interest Only
5 years

Upfront Fees

Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.

Total
$1,510
Establishment
$990
Legal/Solicitor
$400
Settlement
$120

Ongoing Fees

Monthly and annual fees and charges during the loan period.

Total
$0

Exit Fees

Fees associated with prematurely ending the loan.

Total
$650
Exit
$250
Early Repayment
$0
Switch To Fixed
$400

Notes

Our Clean Slate product is designed for PAYG, and self employed borrowers where income is fully supported by evidence of payslips, full financials and tax assessment notices. Product Features Principal and Interest/Interest Only (for 3 or 5 years) No LMI Redraw Further Advances Available Split Loans Available Flexible Payment Options – Weekly, Fortnightly, Monthly Further details can be obtained at www.bluestone.com.au.

LVR Notes

Max LVR for non-metro is 75% and Max loan amount $500K. Please refer to product guide for max loan amounts as they may vary for metro also No LMI is applicable. Loan fees (except DEF and discharge ) can be capitilised into the loan amount as long as the LVR up to 80%. The fees are not considered part of the LVR.

Fee Notes

Risk Fee: LVR up to 60%: 0.75% LVR up to 65%: 1.00% LVR up to 70%: 1.25% LVR up to 75%: 1.50% LVR up to 80%: 1.75% LVR up to 85%: 2.00% Title Insurance - Loans to $750,000 $350 including GST and Stamp Duty. $750,000 – $1M Quote required Capitalisation of Fee’s. The fee’s above can be capitalised for all loans,(excluding discharge fees) with an LVR of = to 85% subject to the Loan plus all fees not exceeding 85%. Legal fees from $400. Please refer to lender.

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided