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This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about Home Loans from multiple financial institutions. We will try to show you a range of products in response to your request for information. The search results do not include all providers, for further details refer to our FSCG. We are not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a Home Loan, you will deal directly with a financial institution, and not with RateCity.

Lending Criteria

Lending criteria are the conditions put in place by your financial institution which specify whether you are eligible to apply for a home loan or not.

The lending criteria will be different for each financial institution and will depend on a number of factors such as the economic market, the size of the institution and what products they offer.

Some examples of lending criteria that your financial institution may put in place may include:
  • A minimum deposit amount required based on the loan-to-value ratio (LVR) of the loan. The LVR is what percentage of the purchase price of the property you can borrow and how much deposit is required.
  • Savings history or previous repayment history for a certain amount of time.
  • How much you earn and if you work full-time or not.
If you meet the lending criteria, your lender will then calculate how much you can to borrow. It is them up to you to work out how much you can comfortably afford to borrow and make in repayments.

The table below shows some of the best three-year fixed rate home loans currently available.
See all Mortgage Articles
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About Mortgages Articles

RateCity provides mortgage news and features, including a range of weekly stories and economic updates. By checking our mortgage news and features daily, you can ensure that you receive up to date, expert commentary on current financial and economic issues. Before you search, compare or apply for the best mortgage for you, help yourself understand the market by reading mortgage news and features at RateCity.

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