Products at a glance
VICPRIME Elite
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VICPRIME Elite is built for borrowers who need more flexibility — whether it’s in credit history, employment type, or documentation — without compromising on high loan amounts and versatile property options.
designed for customers with older defaults, recent defaults up to $2,500, 1-month mortgage arrears, and up to 3 months of other arrears — offering a premium solution with greater flexibility on credit history.
Key Product Features
•Maximum Loan Amount: $3,500,000
•Maximum Borrower Exposure: $5,000,000
•Maximum LVR: 80%
•NSR: 1.0x
•Cash Out: Unlimited (for acceptable stated purposes)
•Accepted Purposes: Debt consolidation, vacant land, high-density apartments
•Maximum Borrower Exposure: $5,000,000
•Maximum LVR: 80%
•NSR: 1.0x
•Cash Out: Unlimited (for acceptable stated purposes)
•Accepted Purposes: Debt consolidation, vacant land, high-density apartments
Borrower Eligibility
• Borrower type: Individual / Company / Trust
• Location: Category 1, 2 & 3 areas
• Employment:
Full-time / Part-time: 3 months current role or 12 months in industry
Casual: 6 months current or 12 months in industry
• Self-Employed:
ABN: Minimum 12 months
GST: Minimum 6 months
• Location: Category 1, 2 & 3 areas
• Employment:
Full-time / Part-time: 3 months current role or 12 months in industry
Casual: 6 months current or 12 months in industry
• Self-Employed:
ABN: Minimum 12 months
GST: Minimum 6 months
Documentation - PAYG Clients
-2 payslips
Plusone of:-Income statement-Employment letter-1-month bank statement
Documentation - Self-Employed Full Doc:
-1 year company & financial statement & individual tax returns
-Plus one of: accountant’s letter / previous year’s financials with NOA
-Plus one of: accountant’s letter / previous year’s financials with NOA
Self-Employed – Alt Doc:
-Financial position declaration
Plus one of:-Accountant’s letter-6-month BAS-6-month bank statement-ATO portal
Credit History
• Defaults: Unlimited (paid/unpaid) if listed >24 months ago; up to $2,500 if <24 months
• Mortgage arrears: Up to 1 month
• Other arrears: Up to 3 months
• Discharged bankruptcy: Not allowed
• Mortgage arrears: Up to 1 month
• Other arrears: Up to 3 months
• Discharged bankruptcy: Not allowed