Engineers, teachers and accountants are the building block of our economy, in return bank’s provides favourable discount and flexible policy for these three industries.
Loans for Engineers
Type of loans and specials for Engineers
Engineers professionals can access:
- No LMI (lenders mortgage insurance) loans up to 85% and 90% (loan to value ratio).
- A bigger discount on home loans, commercial loans and business loans – available for investment loans and owner occupied.
- Flexible choice of income – we can accept one year’s tax return for self-employed and contractors.
- Some banks can consider 100% of overtime and allowances.
- Some banks can accept the full 100% of casual income and 52 weeks per year to date without any buffer or shading.
- Probation is fine.
- Contract employment is acceptable .
- Access to full doc loans and low doc loans.
NO LMI loans for engineers
| 85% LVR NO LMI | 90% LVR NO LMI | |
| Aerospace Engineer |  IP and PPOR | IP and PPOR ( Income requirement A) |
| Agricultural and Biological Engineers | IP and PPOR |  |
| Audio Engineers Engineer | IP and PPOR | |
| Bioengineering, Biomedical and Biochemical Engineer | IP and PPOR | IP and PPOR |
| Chemical Engineer | IP and PPOR | (Unless Mining chemical engineer) |
| Civil Engineer | IP and PPOR | IP and PPOR |
| Computer Engineer | IP and PPOR | IP and PPOR |
| Electrical Engineer | IP and PPOR | IP and PPOR |
| Environmental Engineer | IP and PPOR | |
| Geological and Geophysical Engineer | IP and PPOR | IP and PPOR |
| Industrial/ Manufacturing Engineer | IP and PPOR | |
| Mechanical Engineer | IP and PPOR | |
| Mining Engineer | IP and PPOR | IP and PPOR |
| Nuclear Engineer | IP and PPOR | IP and PPOR |
| Petroleum Engineer | IP and PPOR | |
| Software Engineer | IP and PPOR | IP and PPOR |
| Surveyors Engineer | IP and PPOR | IP and PPOR |
PPOR = Principle place of resident
IP = Investment property
Available for refinance/ Purchase and debt consolidation.
Income requirement for engineers NO LMI 90%
For 90% LVR with no LMI, there is a minimum gross income requirement
Income A – minimum gross income of $100,000 per year for the applicant that’s an acceptable engineer.
Income B – minimum gross income of $150,000 per year for the applicant that’s an acceptable engineer.
Gross income PAYG = Base income + bonus (Average over 2 years) + Overtime + Rental income
Important: Subject to Credit and lenders approval.
Loans for Accounting professionals
Type of loans and specials for Accountants and financial analyst
- No LMI (lenders mortgage insurance) loans up to 85% ( No membership requirement) and for 90% LVR (loan to value ratio) you must have a CA, CPA, CFA or FIAA membership.
- A bigger discount on home loans, commercial loans and business loans – available for investment loans and owner occupied.
- Flexible choice of income – we can accept one year’s tax return for self-employed and contractors.
- Some banks can consider 100% of overtime and allowances.
- Some banks can accept the full 100% of casual income and 52 weeks per year to date without any buffer or shading.
- Probation is fine.
- Contract employment is acceptable .
- Access to full doc loans and low doc loans.
No LMI loan for Accountants
| 85% LVR NO LMI | 90% LVR NO LMI | |
| Accountant ( No CA or CPA) | IP and PPOR | |
| Accountant ( With CA OR CPA) | IP and PPOR | IP and PPOR |
| Auditor | IP and PPOR | |
| Actuaries (FIAA) | IP and PPOR | IP and PPOR |
| Accounts Payable Officer | IP and PPOR | (Unless have CA OR CPA) |
| Bookkeeper | IP and PPOR | |
| Cost accounting ( With CA OR CPA) | IP and PPOR | IP and PPOR |
| Forensic accountant ( With CA OR CPA) | IP and PPOR | IP and PPOR |
| Financial accounting( With CA OR CPA) | IP and PPOR | IP and PPOR |
| Finance Manager ( With CA OR CPA) | IP and PPOR | IP and PPOR |
| Financial Analyst (CFA, CA or CPA) | IP and PPOR | IP and PPOR |
| Tax Accountant | IP and PPOR | IP and PPOR |
Loans for Teachers
Type of loans and specials for Teachers and educators
- No LMI (lenders mortgage insurance) loans up to 85%.
- Access to special lenders and interest rate available for teachers only.
- Some banks can consider 100% of overtime and allowances.
- Some banks can accept the full 100% of casual income and 52 weeks per year to date without any buffer or shading.
- Probation is fine.
- Contract employment is acceptable.