Evden Eve Nakliyat

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

Clean Slate

For applicants who are able to provide full income details


Our Clean Slate product is designed for PAYG, the self employed, companies and trusts where income is fully supported by the evidence of payslips, full financials or tax assessment notices. This product is suitable for clear and credit impaired applicants.

    Product Features

    • No LMI
    • Redraw
    • Further Advances Available
    • Split Loans Available
    • Interest Only options for 3 & 5 Years
    • Flexible Payment Options – Weekly, Fortnightly, Monthly
     
     

    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

    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 (trust) 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(company) 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.