Product: 5.65% Summer Rate - Floating
Type: residential
Max LVR: 75.0%
Amount Range: $0 - $5,000,000
Max Term: 360 months
Rate: 5.65%
Contact: | LOANS@CFML.NZ
Purpose: refinance
Property Type: development
LVR: 55.0%
Amount: $11,000,000
Term: 12 months
Property Value: $20,000,000
Address: 39 Chamberlain Road, Massey, Auckland
| Filter | Result | Client Value | Lender Requirement | Note |
|---|---|---|---|---|
| Loan Type | Fail | refinance (development) | residential | Client: refinance (development property), Product: residential -> mismatch |
| LVR Limit | Pass | 55.0% | 75.0% | |
| Loan Amount | Fail | $11,000,000 | $0 - $5,000,000 | $11,000,000 > max $5,000,000 |
| Security Type | Fail | development | residential,apartment,lifestyle | development not accepted |
| Credit Score | Pass | - | 650 | |
| Monthly Turnover | Pass | - | - | |
| Property Owner | Pass | Yes | Required | |
| Borrower Type | Fail | - | owner_occupier, investor | Product targets: owner_occupier, investor; Client profile: none set |
| Dimension | Raw Score | Weight | Weighted Score | Visual |
|---|---|---|---|---|
| LVR Headroom | 100 / 100 | 25% | 25.0 |
|
| Lender max LVR 75.0% - Client LVR 55.0% = 20.0% headroom. Formula: min(100, headroom/20 x 100) = min(100, 20.0/20 x 100) = 100 | ||||
| Interest Rate | 95.7 / 100 | 25% | 23.9 |
|
| Rate = 5.65%. Formula: (20 - 5.65) / 15 x 100 = 14.35/15 x 100 = 95.7. (Scale: 5% = 100, 20% = 0, linear) | ||||
| Loan Amount Fit | 0 / 100 | 15% | 0.0 |
|
| Amount $11,000,000 exceeds max $5,000,000 by 120.0%. Formula: max(0, 60 - 1.20 x 200) = 0. (Partial score for near-miss) | ||||
| Term Match | 0 / 100 | 15% | 0.0 |
|
| Client term 12mo < Lender min 300mo (for interest_only) -> 0 (term too short) | ||||
| Payment Flexibility | 80 / 100 | 10% | 8.0 |
|
| Lender offers 2 type(s): principal_and_interest, interest_only. Base = 2 x 33 = 66. Client prefers 'interest_only' which is available -> max(66, 80) = 80 | ||||
| Turnaround Speed | 80 / 100 | 10% | 8.0 |
|
| Turnaround 48h (<= 48h / 2 days) -> 80 | ||||
| TOTAL | 100% | 64.9 |
|
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