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‘I’m a single parent with two jobs’
Customer challenges
- They may have only been with their primary employer for a short time
- Banks may not treat their second job as stable income and are likely to only accept 50% of the income from their second job
Bluestone solutions
- Flexibility with income verification, including casual income, child maintenance and family tax credits
- Flexible employment history accepted
- No credit scoring – we assess each application on a case-by-case basis
Key Loan Features
| Prime | Near Prime | Specialist | Specialist+ | |
| Max loan amount* | $2m $1.5m | $1.5m | $1.25m | |
| Max LVR* | 80% | 80% | 80% | 80% |
|
NZBN |
24 months |
12 months |
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Debt consolidation |
$100,000 of unsecured debt |
Unlimited, including tax debt, business debt or privately funded loans |
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Cash out |
$500,000 <75% LRV; $100,00 >75% LVR |
Up to $200,000 | ||
|
Defaults/judgements |
Ignored if paid up to $500 |
Up to $1000 or over 24 months ignored |
Up to $1000 or over 12 months ignored |
Up to 2 over $1000 in the last 12 months ignored |
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Mortgage Arrears |
Up to 14 days |
Less than 1 month |
Less than 2 months |
Less than 3 months |
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Discharged bankruptcy |
Acceptable if more than 2 years |
Acceptable if more than 1 day |
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*Subject to location, LVR and product selected