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‘I’m still trying to pick up the pieces’
Customer challenges
- They could be unable to obtain finance due to previous credit issues, bankruptcy or defaults.
- They may receive income types not accepted by mainstream lenders
- Covid may have negatively affected their income or business
Bluestone solutions
- Past bankruptcy, credit card, personal loan and mortgage defaults accepted
- Unlimited debt consolidation, including tax debt and business debts
- Ability to upgrade to a Prime loan that may have a lower rate
- Flexibility with income types, including Jobkeeper and Government assistance payments*
- No credit scoring – we assess each application on a case-by-case basis
Key Loan Features
| Near Prime | Specialist | Specialist+ | |
| Max loan amount* | $1.5m | $1.5m | $1.25m |
| Max LVR* | 80% | 80% | 80% |
|
NZBN |
12 months |
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Debt consolidation |
Unlimited, including tax debt, business debt or privately funded loans |
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Cash out |
$500,000 <75% LVR; $100,000 >75% LVR |
Up to $200,000 | |
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Defaults/judgements |
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 |
|
Mortgage Arrears |
Less than 1 month |
Less than 2 months |
Less than 3 months |
|
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