Suitable borrowers:Prime and Near Prime: |
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Suitable borrowers:Prime and Near Prime: |
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Repayment types |
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Interest rate types |
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Loan size |
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Maximum LVR |
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Maximum loan term |
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Repayment method |
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Acceptable security:Category 1,2 and 3 Postcodes: |
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Online Access |
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ABN & GST
Income Documentation
One of the following:
Cash Out
Credit History
ABN & GST
Income Documentation
One of the following:
Debt Consolidation
Cash Out
^Security must be an investment property and not the only significant asset
Credit History
What is an Alt Doc home loan?
An Alt Doc loan is a type of loan that allows self-employed borrowers to use alternative documentation to verify their income.
The terms ‘Alt Doc’ and ‘Low Doc’ are sometimes used interchangeably, though ‘Low Doc’ or low documentation may have different interpretations depending on the lender.
What forms of income documentation are acceptable?
At Brighten, we accept one of the following forms of income documentation: an Accountant’s Letter, most recent 6 months Business Activity Statements (BAS), or most recent 3 months business bank statements.
What are the ABN & GST requirements?
Prime: Active ABN for at least 2 years, and GST registration for at least 12 months (if turnover >$75,000)
Near Prime: Active ABN for at least 1 year, and GST registration for at least 1 day (if turnover >$75,000)
Do you accept Cash Out and Debt Consolidation?
Yes we do.
Prime: Unlimited Cash out; Up to 5 unsecured debts (<3 credit cards, ATO debts not accepted)
Near Prime: Unlimited Cash out; Unlimited number of debts including payout of ATO debts
What types of security are acceptable?
We accept houses, townhouses, and apartment units larger than 50 sqm as security. Under our Prime product, we accept properties located in category 1 and 2 locations. Additionally, we accept properties in category 3 locations under our Near Prime product.
Do you offer interest only loans?
Yes we do, up to a maximum of 5 years. The loan must revert to Principal and Interest repayments for the remaining term.
What is the minimum and maximum loan size?
Minimum $50,000; Maximum $5,000,000
How much can I borrow?
The maximum amount you can borrow for a home loan depends on various factors, such as your income, liabilities, credit history, and the LVR.
Brighten’s online borrowing calculator offers an estimate based on your current financial situation, helping you understand how much you could potentially borrow.
Submit Your Application
We process your application and supporting documents, and issue you with a complimentary conditional written approval within 48 hours.
Valuation & Income Verification
We will begin our valuation and income verification process after Valuation Fee is settled.
Documents Signing
We will issue you the formal loan approval, then we will forward you all the necessary documents you need to sign.
Settlement
We finalise your settlement, and your loan is released to you. Congratulations!
Try the Borrowing Power Calculator and find out how much you may be able to borrow.
Discover an estimate of your loan repayments with our Loan Repayment Calculator.
Use the Stamp Duty Calculator, and discover the government charges you’ll have to pay on your loan.
Comprehensive and competitive Full Doc, Alt Doc and Construction loans, available to Prime, Near Prime, Expat and Non-Resident buyers.
48-hour SLA supported by our experienced team and a proprietary cloud-based loan origination platform.
Well-established warehouse-funding arrangements with multiple Top Tier Banks, a public RMBS programme and a wholesale credit fund to provide further funding diversification.
Our experienced team are available when you need them to help you navigate your home loan journey.
Award-winning non-bank lender with an extensive broker and aggregator network across Australia
Good governance, social responsibility and sustainability are key pillars of our culture.
*Available for new Brighten Boss® Prime loans (OO P&I) up to $1m and 70% LVR. Fees, charges and Terms and Conditions apply. # The comparison rate is based on a secured loan of $150,000 and a term of 25 years. WARNING : This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
