- 3 Daniels St, Lilydale VIC 3140
- contact@prestigelendinggroup.com.au
- 0438 225 411
Banking Professionals
Exclusive LMI Waiver Options for Eligible Banking Professionals
If you’re directly employed by an eligible Australian bank, you may be able to purchase a home or investment property with a smaller deposit and avoid Lenders Mortgage Insurance.
LMI Waiver Options for Eligible Banking Professionals
Working in the banking industry may give you access to more than valuable financial experience-it could also help you access specialised home loan benefits.
Eligible banking professionals may qualify for an LMI waiver when borrowing up to 89.99% of a property’s value. This means you may not need to save a traditional 20% deposit or pay costly Lenders Mortgage Insurance.
The waiver may be used for purchasing, refinancing, constructing or renovating an owner-occupied home or investment property.
Eligible banking professionals may qualify for an LMI waiver when borrowing up to 89.99% of a property’s value. This means you may not need to save a traditional 20% deposit or pay costly Lenders Mortgage Insurance.
The waiver may be used for purchasing, refinancing, constructing or renovating an owner-occupied home or investment property.
Who may be eligible?
- Work full-time or part-time as a PAYG employee
- Are employed directly by an eligible bank
- Are not working through a recruitment or contracting agency
- Have completed at least six months of continuous employment
Eligible banking groups may include ANZ, Commonwealth Bank, NAB, Westpac, Macquarie, ING, Bank of Queensland, Bendigo
and Adelaide Bank, HSBC and AMP Bank, including certain approved subsidiary brands.
and Adelaide Bank, HSBC and AMP Bank, including certain approved subsidiary brands.
Key Benefits
Borrow up to 89.99% LVR on eligible loans
Potentially avoid thousands of dollars in LMI
Enter the property market without waiting for a 20% deposit
Available for owner-occupied and investment properties
Options for purchases, refinancing, construction and renovations
Principal and interest repayment options available
What you may need
You’ll generally need to provide evidence confirming your employer and length of employment. This may include:
- Employment contract
- Employer letter on company letterhead
- Current payslip showing your commencement date
Check Your LMI Waiver Eligibility
Tell us about your role and what you’re planning. Jeevan will review your situation and come back to you within one business day — no obligation.
Helping Australians achieve financial freedom - whether you’re buying your first home, refinancing, or expanding your property portfolio.
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Contact Info
- 3 Daniels St, Lilydale VIC 3140
- 0438 225 411
- contact@prestigelendinggroup.com.au
-
Monday to Friday: 9:00 AM – 5:30 PM
Saturday: By Appointment Only
Livandre Pty Ltd trading as Prestige Lending Group ABN 41 687 805 456 (Corporate Credit Representative No. 570 372) is authorised under Australian Credit License No. 517 192
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