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‘I don’t have all of my paperwork’
Customer challenges
- They may be self-employed for a short period of time
- Their previous years’ financials don’t tell the full story
- They may not have their most recent financials or tax returns completed
Bluestone solutions
- Up to $500k cash out for business purposes, home renovations or a large purchase.
- Flexibility with income verification
- Unlimited debt consolidation including tax debt and business loans
- No credit scoring – we assess each application on a case-by-case basis
- Only one income verification document is required for Alt Doc loans
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 | ||
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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