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 | ||
Agricultural and Biological Engineers | ||
Audio Engineers Engineer | ||
Bioengineering, Biomedical and Biochemical Engineer | ||
Chemical Engineer | ||
Civil Engineer | ||
Computer Engineer | ||
Electrical Engineer | ||
Environmental Engineer | ||
Geological and Geophysical Engineer | ||
Industrial/ Manufacturing Engineer | ||
Mechanical Engineer | ||
Mining Engineer | ||
Nuclear Engineer | ||
Petroleum Engineer | ||
Software Engineer | ||
Surveyors Engineer |
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.
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.