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SPORTING CHANCE HOME LOAN

Looking to get into your first house but struggling to get the required genuine savings figure well look no further – The Sporting Chance Loan – is designed just for you. The Sporting Chance Loan allows you to borrow the required funds and if you do not have savings to contribute – no problem. Providing you can satisfy other requirements we can get you into your first house sooner than you think.

Loan Purpose:

For purchase of a property with no genuine savings required

Loan Amount:

From $50,000 to $1,000,000

Loan Term:

From 15 - 40 Years

Repayment Options:

N/A

Frequency:

Weekly, Fortnightly, Monthly

Split Loan Facility:

N/A

Re-Draw Facility:

Yes

Payment Facilities:
  1. Inward Direct Debits
  2. Inward Direct Credits
  3. Deposit Book Payments Available
  4. Inward BPay
  5. 3rd Party Direct Debits Out
  6. Loan Access System/Telephone Banking

Maximum Loan Amount of property value :
  1. 97% ≤ $600,000
  2. 95% ≤ $750,000
  3. 90% ≤ $1,000,000

Fees:

No Monthly Fee

LMI Premium Payable By:

Borrower

Other Conditions:
  1. Borrowers must be in their current employment for a minimum of 12 months
  2. Borrowers must be in same/similar field of employment for minimum of 24 months
  3. Borrowers must disclose the source of funds to complete and provide appropriate evidence

TO ENQUIRE CLICK HERE

This fact sheet provides general information only and is subject to change.
Full details of the loan are set out in the loan agreement.
Conditions, fees & charges apply.

MfaaMember of the Mortgage & Finance Association of Australia