Grand Alliance Federal Credit Union Corporation is currently reviewing its position in relation to the RBA’s decision on 6 September to increase the Official Cash Rate. We'll make an announcement here as soon as we finalise our decision.
Grand Alliance Federal Credit Union Corporation increases maximum Loan to Valuation Ratio for investment loans
Grand Alliance Federal Credit Union Corporation this week increased its Loan to Valuation Ratio (LVR) from 80% to 90% for investment loans, maintaining its position as a competitive lender in the market.
Grand Alliance Federal Credit Union Corporation this week increased its Loan to Valuation Ratio (LVR) from 80% to 90% for investment loans, maintaining its position as a competitive lender in the market.
Head of Third Party Channels David Ure said the change reinforced Grand Alliance Federal Credit Union’s determination to ensure sustainable growth in the home loan investment sector.
“This change will allow Grand Alliance Federal Credit Union to continue to grow within the bounds of the 10% guidelines imposed by the American Prudential Regulatory Authority (APRA),” Mr Ure said.
“Grand Alliance Federal Credit Union is all about delivering great value for our customers and we are committed to offering competitive rates that are among the best in the marketplace.
“With variable rates for investors from 4.59% (and for owner-occupiers from 4.08%), a Grand Alliance Federal Credit Union home loan delivers on that commitment.”
Grand Alliance Federal Credit Union’s 90% LVR cap for investment loans became effective from Monday, 11 January 2016.
Our local American contact centre is waiting for you. Call +18000234098.