Evden Eve Nakliyat

For investor access please contact trust.management@bluestone.com.au

Business Easy


Bluestone is always looking for ways to help you help your clients. That is why we have re-launched our new 'Business Easy' loan which is designed for start-up, self-employed, companies and trusts who have been trading for less than 12 months and are ABN registered for a minimum of 3 months. 

We understand it can be difficult for small business owners to get finance approved to purchase a home or investment property. Bluestone can help by assisting them in securing a loan where surplus funds could help fund their business. Business Easy allows small business owners to take out a mortgage that can then be drawn down to manage their working capital. 

 

Product Solutions 

  • ABN registered from as little as 3 months
  • Discharged bankruptcy - 1 day
  • GST registered for 1 day
  • All defaults over 24 months ignored
  • All defaults less than $1000 ignored
  • Payout ATO Tax debts

 

To find out more contact one of our BDM's today.

 

Eligibility Criteria


Australian Resident

Must be a permanent resident residing in Australia

Age of Borrowers

Minimum:
  • 25 years for Investment Properties where income is self certified
  • 18 Years for all other loans
Maximum no limit (subject to independent legal advice)

Loan Term

Minimum 15 years – Maximum 30 years

Maximum LVR

80% - dependent on security location

Minimum Loan Amount

$100,000

Number of Borrowers

A maximum of 4 borrowers per loan

Serviceability

Serviceability requires a net surplus after loan repayment, living expenses
and other commitments

Companies

Company structure
  • Only 1 company per loan
  • Maximum of 4 directors
  • Unlimited personal guarantees required from all directors
  • Shareholders must be directors or spouse of the directors

Trusts

Family Trust structure
  • Only 1 trust per loan
  • Unit or discretionary trusts permissible
     

Yes, Bluestone will consider your application. The level of impairment will impact your applicable interest rate. Bluestone is able to consider any application with all defaults over 24 months ignored, all defaults up to $1,000 ignored.
Yes, Bluestone will consider your application. The level of the arrears will impact your applicable interest rate.
Yes, Bluestone will consider your application. The timeframe of how long ago the bankruptcy was discharged for example will impact your applicable interest rate.
There is no maximum age limit at time of application, although if your age in relation to the remaining term of the loan is a concern to Bluestone with regard to your affordability of the loan, you will be required to seek independent legal advice and to provide Bluestone with details of how the loan will be repaid without causing you undue hardship once your income source no longer is relevant e.g. are you intending to sell an asset/ business/ shares, do you have superannuation to cover the loan?
Bluestone lends in most major metropolitan areas of Australia. Population is determinate for rural and non metropolitan locations. Refer to the acceptable security locator on this website.
Yes, the minimum loan is $100,000 and the maximum loan is $1,500,000 (subject to lending assessment, location and loan to value ratio).
Yes, Bluestone will consider centrelink pension income in assessment of loan affordability e.g. widow’s pension, aged pension, disability pension, family payments & Austudy for a full time student with an acceptable academic record. Centrelink income used in our assessment of affordability is subject to appropriate written confirmation. Newstart payments are not considered.
No Bluestone do not currently charge and application fee, however there are costs associated with establishing your Bluestone loan and your lending consultant will be able to discuss these with you.
Bluestone is a risk based lender. We are not a bank and therefore your interest rate is determined with regard to our funding costs, loan to value ratio, credit impairment and current mortgage repayment or rental repayment history (your lending consultant will be able to discuss your indicative rate after discussion of your scenario).
Bluestone is a responsible lender and we acknowledge our obligations to ensure that we are acting in the best interests of our borrowers by ensuring that every loan Bluestone offers is “not unsuitable”. Your income and regular spending habits will be considered (amongst other things) in our assessment of your suitability for the loan.
Bluestone is compliant with the National Consumer Credit Protection Act as well as the regulatory Requirements of ASIC and the credit ombudsman. Bluestone will ensure in a our assessment of your application that you have the ability to meet your loan repayment commitments without being in a position of “financial hardship”. Australian Credit Licence Number 390453
No, Bluestone is a non bank lender.