What Does a Bank Assess For Credit Worthiness?
Banks review your full financial picture, such as income, dependents, employment status, debt history and credit check, but don't lose hope.
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Home Loan
Borrowing Capacity
posted February 24, 2017Your borrowing capacity is calculated taking into account your income and your level of debts, however there are a number of....
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Home Loan
Why Renting Helps
posted February 24, 2017It can be good news for renters, some banks will assess your rental payments as savings
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Home Loan
Redraw Facility
posted February 24, 2017A withdraw facility is normally part of a variable loan to allow you to make additional repayments and re-draw them if you need....
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Home Loan
Loan to Value Ratio
posted February 24, 2017Loan to Value Ratio is your loan size divided by the property value and can affect your product and lender selection
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Disclaimer: The Loan Studio Social Home Loan variable interest rate of 3.59% per annum is as at 1 February 2017 and is subject to borrower meeting the lender's criteria, terms and conditions and loan to value ratio ('LVR') requirements. This rate of 3.59% per annum is based on a variable rate home loan of greater than $50,000 (Maximum $750,000) and not exceeding a LVR of 80%. The comparison rate of 3.66% per annum is as at 1 February 2017 and is based on a secured loan of $150,000 over a term of 25 years. This comparison rate is true only for the example or examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Lending criteria, fees and conditions apply. Rates, fees and conditions are indicative and subject to change without notice. Loan Studio Pty Ltd (ABN 97 146 606 135) is an authorised credit representative (390870) of Port Group Pty Ltd (Australian Credit Licence Number 389460)
