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Enhanced credit policy update.
Changes to help you say ‘yes’ to more of your customers.
Resimac policy update.
We’ve listened to your feedback and made some positive credit policy changes
to help you say ‘yes’ to more of your customers.
- Increased loan limits
For all Prime Full Doc non-LMI and Prime Alt Doc loans
Category 1 Category 2 Up to 80% LVR $3.5m $2.0m 80.01 - 90% LVR $2.5m N/A - Bank statements
- Prime Full Doc and Prime Alt Doc: no bank statements needed.
- Specialist: 3 months bank statements required for >80% LVR and servicing surplus is less than $500 a year.
- Cash out and home improvements
Up to $250,000 cash out for home improvements, no client letter needed. Talk to us for larger amounts. - Living expenses
Notional rent applied at $650 per month, per household for married or de facto couples. - Depreciation
100% of depreciation can be added back, with a depreciation schedule required.
- Valuations for Prime Full Doc non-LMI,
Prime Alt Doc and Specialist Clear
- VM maximum increased to $2m
- Maximum loan amount increased to $1.6m for LVRs up to 80%.
- Self employed borrowers
Full Doc Income Verification
Prime Full Doc and Specialist Clear: one year’s financials now acceptable up to 80% LVR with:- Most recent 1 year full financial statements.
- Latest tax return and ATO Notice of Assessment.
Salaried Self Employed
Payslips accepted where no additional business income is relied on:- Applies to Prime Full Doc non-LMI and Specialist Clear up to 80% LVR.
- 2 year ABN registration with 12 months GST registration where turnover > $75k.
- Regular salary for at least six months
- 2 payslips, ATO Income Statements and accountant’s letter confirming the business is trading profitably.
- Income
Overtime and shift allowance All products: 100% of income accepted if regularly earned for at least 6 months. Commission and bonus ll products: 100% of income accepted if regularly earned for at least 6 months with the same employer or 2 years industry experience. Second job / Permanent PT All products: 100% of income accepted if employed for a minimum of 6 months. Total combined work hours capped at 60 hours per week. Casual All products: 100% of income accepted over 46 weeks employment. Minimum current employment of 6 months with another 6 months prior employment history.
Ready to help more customers?
Contact our support team or check out our Product Guide1300 133 644
sales.support@resimac.com.au
Effective 22 September 2025
For broker use only, not for further distribution. Terms and conditions, limits, exclusions, and eligible credit criteria apply to all
For broker use only, not for further distribution. Terms and conditions, limits, exclusions, and eligible credit criteria apply to all
