Streamlined professional lending policies apply to clients who are Doctors/Dentists (inc vets and optometrists), Legal, Accounting and Engineering professionals (inc architects) and Real Estate Agents. The general terms are as follows, call us today to find out more. Note that assets less than 4 years old may attract better rates than older assets.
Where the professional is a partner, director or owner of the business: up to $150,000 per passenger car up to four years old
- Minimum of two years relevant professional association (AMA, ADA, CPA) membership or minimum of 2 years with the same firm
- Property ownership confirmed (for principals, ownership can be confirmed in their partners name)
- Acceptable Veda file
- Standard terms and residual guidelines apply
- No financials required
OR Where the professional is a salaried employee: up to $75,000 per passenger car up to four years old
- Minimum two years in the same firm
- Property ownership confirmed
- Acceptable Veda file
- Standard terms and residual guidelines apply
- No financials required
Real Estate Agents
- Up to 75 per cent of gross annual income (e.g. $200,000 income required for $150,000 car) to a maximum of $150,000 per passenger car
- Minimum two years at the same agency
- Property ownership confirmed
- Acceptable Veda file
- Last financial year’s gross income to be confirmed by agency head office (in lieu of tax returns or financials)
- Standard terms and residual guidelines apply