Latest updates on Finsure Loans products

A flexible approach to SMSF lending

Developed in partnership with brokers, Finsure Loans Plus SMSF loan options allow brokers to:

• Provide more options: Prime to Near Prime across residential and commercial securities
• Identify options: Pre-approvals available and direct access to the Credit team
• Unlock options: 1 business day SLA and no clawback for early repayment on SMSF

Please note to become SMSF accredited first you need to be accredited to write Finsure Loans Plus Commercial loans.

Interest Rates

High LVR interest rates

Access savings between 10 to 75bps for select LVR bands across Near Prime Clear and Near Prime Full/Alt Doc loan options.

Fixed Interest Rates

Clients can lock in today’s variable rate for 2, 3 and 5 years, across Prime to Specialist loan options with no additional loading.

Investor loans

20bps discount on loadings for investor purchases for all Near Prime Clear, Near Prime and Specialist home loan options.

Construction loans

Reduced interest rates across all LVRs and loan options! Your clients can access discounts up to 177bps.

Help clients who don’t quite tick all the traditional boxes

Buffer rates: 2% across the board. 1% for select scenarios. See serviceability calculator for T&Cs.

Response Rates: Same day response for loans submitted by 11am AEST

A flexible approach to home loans:

• New 1 form of income verification on Prime Alt Doc option.
• New Borrow up to $1.5M with an 80% LVR for CAT 1 & 2 locations on Prime Alt Doc option.
• New 80% LVR now has a max loan amount of $2M on our Prime Full Doc option.
• New Prime Alt Doc max LVR 85% for purchases in CAT 1 & 2 locations*.
• Full Doc option: 1 or 2 years financial statements​​.
• Unlimited number of debts to consolidate​, incl. ATO debt.
• Unlimited business cash out​.
• Up to 40 year loan terms​.

You can download our updated Product Guide, Fact Sheet, FAQs and SMSF Application Form by logging into Infynity.

Thrive is live with NextGen ApplyOnline!

We’re excited to have partnered with NextGen to launch ApplyOnline for all residential and residential SMSF applications, integrated with our CRM, Infynity.

With ApplyOnline having the most significant reach through Australia’s broker community, and with 100 percent of our business being broker-driven, the collaboration is a win-win for Thrive and brokers. Thrive also offers flexible policy features to help your self-employed clients get a better deal.

Commercial

• Commercial max loan is $4,000,000 for both Mid Doc & Full Doc
• 3-month ABN policy
• Additional GST loan available for commercial purchases. Total LVR 90% with no LMI
• Specialised securities such as boarding houses, childcare centres, apartment units/multiple dwellings on title
• Owner occupied & investment 30 Year set and forget loans
• Flexible cash out for business investment purposes

SMSF

• No liquidity or net asset requirements
• Projected contributions can be utilised in servicing if clients need to increase their contributions
• Up to 80% LVR on commercial & residential securities
• Additional GST loan available for commercial purchases. Total LVR 90% with no LMI
• Specialist Complex SMSF offerings i.e tenants in common

Residential

• Residential max loan $2,500,000 on a single security (up to $3mil for multiple)
• Company, Trust and Individual borrowers accepted
• Servicing based on most recent years’ financials (full doc loans)
• Flexible cash out for business, investment purposes & Tax debt payout
• Self-employed & complex lending: i.e. trusts, company
• Residential Account Manager details