For customers living overseas looking to purchase investment property in Australia. MKM will use 100% of income for both Self Employed and PAYG.
Key features of the MKM Non-Citizen loan
Rates From 6.25%
Maximum LVR 75%
Maximum Loan $1.5m
0.55% upfront and +.20 trail including GST
MKM does not shade overseas income. We accept 80% of overseas rental income.
Must reside in eligible countries of residency
Customers on visas residing in Australia or a non-citizen residing overseas can be receiving overseas income streams
What our Non-Citizen customers are saying
“Not being an Australian citizen, MKM gave me the opportunity to buy into the real estate market in Australia using 100% of my overseas income. Thanks MKM!”
“A great initial product allowing us to buy into property prior to our move to Australia.”
< $1,000 Ignored if > 2 years
Borrow up to 75% of the property’s value
Max Loan – 75% LVR
Max Loan – 70% LVR
30 years (subject to expected retirement age)
Weekly, fortnightly or monthly (Interest only is monthly)
Ready to take the next step?
One of our Business Development Managers will be happy to speak with you to find a solution that best suits your needs.