Products at a glance
VICPRIME CORE
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VICPRIME Core is your go-to solution for high loan amounts, flexible lending, and a smooth, hassle-free experience—tailored for confident, prime borrowers.
Key Product Features
•Maximum Loan Amount: $2,000,000
•Maximum Borrower Exposure: $2,500,000
•Maximum LVR: 90%
•LMI Requirement: Required above 80% LVR
•NSR: 1.0x
•Cash Out Available: Up to $400,000
•Vacant Land / High-Density Apartments: Not accepted
•Maximum Borrower Exposure: $2,500,000
•Maximum LVR: 90%
•LMI Requirement: Required above 80% LVR
•NSR: 1.0x
•Cash Out Available: Up to $400,000
•Vacant Land / High-Density Apartments: Not accepted
Borrower Eligibility
• Borrower type: Individual only
• Location: Category 1, 2 & 3 areas
• Employment:
FT/PT: 6 months current job or 12 months in industry
Casual: 12 months current job
• Self-Employed:
ABN: Minimum 24 months
GST: Minimum 12 months
• Location: Category 1, 2 & 3 areas
• Employment:
FT/PT: 6 months current job or 12 months in industry
Casual: 12 months current job
• Self-Employed:
ABN: Minimum 24 months
GST: Minimum 12 months
Documentation - PAYG Clients
-2 payslips
Plusone of:-Income statement-Employment letter-1-month bank statement
Plusone of:-Income statement-Employment letter-1-month bank statement
Documentation - Self-Employed Full Doc:
-2 years company & individual tax returns
-Notices of Assessment
-Notices of Assessment
Credit History
• Defaults: Max 2 paid non-financial defaults ≤ $1,000; Must be paid & ≥ 6 months old
• Mortgage arrears: Not allowed
• Other arrears: Not allowed
• Discharged bankruptcy: Not allowed
• Mortgage arrears: Not allowed
• Other arrears: Not allowed
• Discharged bankruptcy: Not allowed