New Migrant Loans

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New Migrant Loans

Individuals holding medium to long term Australian visas (e.g. visa classes 457 & 186) are eligible to apply for New Migrant Loans.

Key Aspects of New Migrant Loans:

  • Holding a medium to long term Australian visa (Lender's Acceptable Visa List)

  • At least 12 months remaining on applicable visa term

  • Must have Australian income (100% Australian income OR a combination of Australian & foreign income)

  • Foreign Investment Review Board (FIRB) approval required

  • Maximum LVR of 75%

  • Interest Rate starting from 3.35%


Acceptable Visa List (this list is subject to change)

Permanent 100, 103, 115, 116, 119, 124, 132, 134,

137, 138, 139, 143, 151, 155, 157, 175, 176, 184, 186,

187, 189, 190, 200, 201, 203, 204, 801, 814, 835,

836, 838, 857, 858, 866, 882, 885, 886, 887, 890,

891, 892, 893.

Temporary VISA Class 188, 309, 444, 475, 476, 485, 487, 489,

491, 820.

Tip: Visas on the Acceptable Visa List are not limited to Permanent Visas and also includes Temporary Visas. 

Click Apply Now to find out more or Contact Us to check if your visa is eligible.


The amount of loan that you are able to borrow depends on your personal circumstance and the lending policies that vary between different lenders.

Banks/lenders have their own target market. A finance broker expert can assist you in deciding which bank/lender products best suits you.
Most lenders would prefer 20% deposit to complete the purchase.

However, if you could satisfy the lender's mortgage insurance (LMI), then you may be able to borrow as much as 98% LVR including LMI.
Major banks would generally waive the LMI for loans up to 95% LVR for medical practitioners.
At SC Brokers, we have banks/lenders that can waive the LMI for the above professionals for loans up to 90% LVR.
Banks in general would not allow for a second valuation to be done on the property.

SC Brokers have extensive knowledge and experience in providing finance for off-the-plan properties, whether it is an apartment, townhouse or house & land package. We ensure sufficient work is carried out at an early stage for the valuer to know better about the project to provide a better result.
At SC Brokers, we have one of the largest lender panel for you to choose from.

Our multi award-winning team will ensure that your receive the best service possible.
In Australia, most of the building contract has insurance attached to it. For example, in QLD, the QBCC will cover up to $200k for the loss.
If, in the unlikely event the builder has gone into trouble, please contact your finance broker asap to extend the construction period for the loan and send us the new building contract for valuation. Your loan, in general, will not require a re-assessment to confirm the borrowing capacity.
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