Lender launches limited time offer

Non-bank finishes year "with a bang" with discount for full-doc home loans

Lender launches limited time offer


By Madison Utley

A non-bank mortgage provider has announced the availability of a 0.07% p.a. discount for prime full-doc variable rate loans exceeding $500,000.

Resimac’s limited time offer applies to both owner-occupier and investment loans, and to both P&I  and interest-only rates.

The offer is effective for new applications lodged from today, 11 December 2019.

The discount brings the headline rate for Resimac Prime full-doc loans down to 2.99% p.a. (comparison rate 3.34% p.a.) for owner-occupier P&I loans.

According to GM of third party distribution, Daniel Carde, Resimac will continue to focus on providing brokers “compelling solutions” for their clients.

“We’ve had a solid year of growth, during which we’ve used technology to create greater onboarding efficiencies, enhanced our proposition to key market segments such as the self-employed and credit impaired and, more recently, further simplified our overall product offering,” he said.

“This latest special will see us finish off the year with a bang.”

Under the discounted pricing for loans above $500,000, investment loans are available from 3.24% p.a. (comparison rate 3.59% p.a.) and interest-only loans from 3.19% p.a. (comparison rate 3.42% p.a.).

Related Stories

Keep up with the latest news and events

Join our mailing list, it’s free!