New Migrant Finance

Have you just migrated to Australia? Naritas can make borrowing simple:general-loan-1-04

  • PAYG applicants are able to access a range of loan products up to max LVR 95 per cent for permanent visas and up to 90 per cent for temporary visas (subject to Mortgage Insurance availability.)
  • Borrowings on a P&I or IO basis.
  • Low Doc Loans for Business or Self Employed Migrant customers maximum LVR 60 per cent applies. Mortgage Insurance is not available for Low Doc products.
  • Please be aware as applications are assessed on a case-by-case basis, credit approval will be based on its strengths (i.e. occupation, length of employment, asset base).

Application criteria for migrants:

  • At least 5% of purchase price as genuine savings.
  • 2 recent pay advice slips, letter of employment offer.
  • Rental or term deposit statements.

Acceptable visas include:

  • Permanent: 100, 103, 111, 114, 115, 116, 119, 120, 121, 124, 132, 134, 136, 137, 138, 139, 143, 151, 155, 157, 175, 176, 186, 187, 189, 190, 200, 201, 203, 204, 801, 804, 835, 836, 838, 855, 856, 857, 858, 864, 866, 885, 886, 887, 888, 889, 890, 891, 892 & 893.
  • Temporary: 160, 161, 162, 163, 164, 165, 173, 188, 300, 309, 310, 401, 403, 405, 416, 420, 423, 428, 457, 461, 475, 489, 820 & 884.
  • For temporary visas, maximum LVR is limited to 90% with no LMI capitalisation allowed beyond this LVR.
  • Visa expiry date must be 12 months or greater at time of application.

Why use Naritas?