News

RESIMAC's new rates and policy updates

RESIMAC Home Loans has reduced all fixed rates across its Prime Products including interest rates to the LVR bands above 80%.

Besides updated intersest rates RESIMAC has made a number of policy enhancements as follows:

  • Acceptable Locations Extended; Group 4 (National Locations) to 65% LVR – Specialist Products
  • Interest Only now included for Owner Occupied and Investment Properties
  • Income; vehicle allowance increased to 100% for servicing
  • First Home Buyers now acceptable for Specialist Clear and Plus
  • Non-Residents; Includes Expats (includes Australian citizens) overseas to 75% LVR, Non-Residents living and working overseas purchasing an investment property in New Zealand to 65%
Standard Variable One Year Two Years Three Years Four Years Five Years
Standard Loan <80% LVR  6.59% 5.88% 5.86% 5.90% 6.02% 6.06%
Standard Loan 80.01% - 85% LVR  7.59% 6.38% 6.36% 6.40% 6.52% 6.56%
Standard Loan 85.01% - 90% LVR  8.59% 6.88% 6.86% 6.90% 7.02% 7.06%
Low Doc Loan Variable One Year Two Years  Three Years Four Years Five Years
Low Doc Loan  7.59% 6.88% 6.86% 6.90% 7.02% 7.06%

 

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