Even without an Australian visa, has no Australian credit record and his/her income comes from overseas, the client was still able to secure a home loan and purchase property in Australia by being matched with the right lending solution.
Here’s a recent success scenario from one of our clients:
🔍 Client Background:
- Nationality: Chinese
- Visa type: Subclass 600 Visitor Visa
- Occupation: Business owner (Self-Employed)
- Home loan purpose: Purchase an apartment in Sydney, valued at $700,000
- Deposit: 30% (Loan-to-Value Ratio 70%)
❗️ Challenges Faced by the Client:
- Visa Status: Not a permanent resident
- Income Structure: All income derived from overseas companies, not in AUD
- Credit History: No Australian credit report
✅ Our Solution:
- After carefully assessing the client's asset structure, visa conditions, and foreign income, we identified and matched a suitable loan product designed for overseas buyers.
🏦 Recommended Loan Product:
- Loan Amount: $490,000
- LVR: 70%
- Interest Rate: 6.83% p.a. (principle & interest)
- Risk Fee: 0.5%, one-time, capitalizable into the loan
- Loan Term: 30 years
- Estimated Monthly Repayment: Approx. $3,220
🎉 Outcome:
- The client successfully received pre-approval and completed full loan approval within 6 weeks, finalizing the purchase of a Sydney apartment and achieving their property ownership goal in Australia.
📌 Product Highlights:
- Supports applications from overseas clients - no Australian visa required
- Accept foreign income
- Competitive interest rate at 6.83%
- Risk fee can be capitalized