Product: Non Construction
Type: bridging
Max LVR: 70.0%
Amount Range: $0 - $2,500,000
Max Term: 24 months
Rate: 7.45% - 9.45%
Contact: Song Song (021 581 835 ) | song.song@finbase.nz
Purpose: purchase
Property Type: residential
LVR: 70.0%
Amount: $490,000
Term: 300 months
Property Value: $700,000
Address: a a a
| Filter | Result | Client Value | Lender Requirement | Note |
|---|---|---|---|---|
| Loan Type | Fail | purchase (residential) | bridging | Client: purchase (residential property), Product: bridging -> mismatch |
| LVR Limit | Pass | 70.0% | 70% | |
| Loan Amount | Pass | $490,000 | $0 - $2,500,000 | |
| Security Type | Pass | residential | residential,commercial,vacant_land,rural,lifestyle | |
| Credit Score | Pass | 610 | - | |
| Monthly Turnover | Pass | - | - | |
| Property Owner | Pass | Yes | Required | |
| Borrower Type | Fail | Investment | trust, limited_company | Product targets: trust, limited_company; Client profile: investor |
| Dimension | Raw Score | Weight | Weighted Score | Visual |
|---|---|---|---|---|
| LVR Headroom | 0 / 100 | 25% | 0.0 |
|
| Client LVR 70.0% >= Lender max 70%, headroom = 0.0% (no room) -> 0 | ||||
| Interest Rate | 83.7 / 100 | 25% | 20.9 |
|
| Rate = 7.45%. Formula: (20 - 7.45) / 15 x 100 = 12.55/15 x 100 = 83.7. (Scale: 5% = 100, 20% = 0, linear) | ||||
| Loan Amount Fit | 75.7 / 100 | 15% | 11.4 |
|
| Amount $490,000 is within range $0-$2,500,000. Mid = $1,250,000, distance ratio = 0.30. Formula: max(60, 100 - 0.30 x 80) = 75.7 | ||||
| Term Match | 0 / 100 | 15% | 0.0 |
|
| Client term 300mo > Lender max 24mo -> 0 (term too long) | ||||
| Payment Flexibility | 80 / 100 | 10% | 8.0 |
|
| Lender offers 2 type(s): interest_only, capitalised. Base = 2 x 33 = 66. Client prefers 'interest_only' which is available -> max(66, 80) = 80 | ||||
| Turnaround Speed | 50 / 100 | 10% | 5.0 |
|
| Turnaround time not specified -> default 50 | ||||
| TOTAL | 100% | 45.3 |
|
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