Rural Residential

From 7.69% variable rate & 8.02% comparison rate

Residential – Our Residential-Rural Loan product is crafted to assist borrowers in purchasing rural properties. Tailored for individuals seeking to buy or refinance non-metro rural properties, typically spanning up to 100 acres in size, for personal or investment purposes. Whether you're aiming to own a rural residence or diversify your property portfolio, our loan product offers the financial backing you require.

Key Benefits

Access to Rural Properties

Our Residential-Rural Loans accept eligible properties as security, simplifying access to credit for borrowers in rural areas who wish to purchase or refinance non-metro rural properties, enabling them to fulfill their dreams of property ownership.

Flexible Utilization

Crafted for personal use or expanding your rural property investment portfolio, providing flexibility for diverse purposes.

Tailored Service

We handle each mortgage application on an individual basis, offering personalized service to cater to your specific needs and circumstances.

Full Doc

Current Rate^: 7.69%

Comparison Rate*: 8.02%

Security Type: Rural-Resi typically ≥ 25 and ≤ 100 acres

Loan Purpose: Purchase, refinance and debt consolidation for personal or business/investment purposes.

Verification Required: 2 payslips OR last 2 years financials/tax assessment notices

Personal or Business/Investment Purposes: Both

Minimum Loan Amount: $100,000

Maximum Loan Amount: $5,000,000

Maximum LVR: 75%

Lenders Mortgage Insurance Required: No

Maximum Loan Term: 30 Years

Repayment Type: Principal & Interest

Maximum Interest Only Term: Up to 5 years

Interest Rate Type: Variable

Redraw Available: Yes^

Application Fee (Excl. Val. & Legal Fees): from 0.75% of the loan amount

Risk Fee: $0

Additional Repayments: Yes

Low Doc

Current Rate^: 8.24%

Comparison Rate*: 8.57%

Security Type: Rural-Resi typically ≥ 25 and ≤ 100 acres

Loan Purpose: Purchase, refinance and debt consolidation for personal or business/investment purposes.

Verification Required: Borrower repayment declaration PLUS one of the following; accountant’s letter, BAS or Trading Statements

Personal or Business/Investment Purposes: Both

Minimum Loan Amount: $100,000

Maximum Loan Amount: $5,000,000

Maximum LVR: 75%

Lenders Mortgage Insurance Required: No

Maximum Loan Term: 30 Years

Repayment Type: Principal & Interest

Maximum Interest Only Term: Up to 5 years

Interest Rate Type: Variable

Redraw Available: Yes^

Application Fee (Excl. Val. & Legal Fees): 1.25% of the loan amount

Risk Fee: $0

Additional Repayments: Yes

Let's Get Lending From The Expert

We Are Here To Help

Scottie Financial was established because a much better way of delivering Australian specialist lending is available and overdue.
More than ever, brokers and borrowers need a specialist lending partner able to bring them:

✔️ A comprehensive and flexible product range

✔️ Competitive rates with no ongoing fees
✔️ Comprehensive digital operations, delivering faster and simpler approvals across all loans every time

✔️ A highly experienced Credit team equipped to deliver high quality service and results to all business partners.

Terms of Us

Responsible Lending

Cyber Security

Target Market Determination

Complaints

Level 17, Angel Place, 123 Pitt Street, Sydney, NSW 2000

* Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly payments. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. The interest rate quoted is effective 4th December 2023, the actual interest rate applicable will depend on our assessment criteria. Terms, conditions, fees, charges and Scottie Financial lending criteria apply.