Call us today at

0431 790 889

Frequently Asked Questions

What are the requirements of getting a home loan?


A clean credit history and a regular income, and an amount of 5% of the purchase price plus costs are the basic prerequisites for getting a home loan. The additional costs include legal fees, lenders mortgage insurance, stamp duty etc. Also, different banks may have different other requirements. Allow us and we’ll provide you the detail descriptions of the banks requirements.



How much money can I borrow from the bank?


The lending capacity of a bank depends on its internal policies, government policies and borrower's credentials. Each and every bank has its own capacity calculator to determine the maximum amount it can lend you.


We have direct access to several financial institutions in Australia. So, if you provide us with information relating to your financial situation, within a matter of minutes we can calculate the amount you can borrow from a bank.



How much should I have in the beginning to buy a home?


A bank lends a maximum of 97% of the property value. So you will need to have at least 5% of the purchase cost plus the additional cost of a home buying process. Our cost calculators can calculate the estimated amount you will require to get yourself a home loan; just give us a few minutes and the information we need.



Will there be any insurance involved in my home loan?


It depends on the percentage of property value you’re borrowing. If you’re borrowing less than 80% of property value, no lenders mortgage insurance will be involved but if you are borrowing more than 80%, there is involvement of insurance and the premium increases with the increase in percentage. Everest Property and Finance can estimate the premium and also structure the loan so as to reduce the premium amount as far as possible.



Recently my loan application was declined. What are the chances of getting approved now?


Previous declination of loan application hardly influences the result of future applications. Each bank has its own criteria and evaluation methods for loan approval. So, if your application was declined, may be the bank wasn’t just right for you. Allow us to handle your loan application process and we’ll find the most favourable bank for you and create strong documents for your loan application.

Quick Contact

Leave us your details and we will be in contact with you .

Submitting Form...

The server encountered an error.

Form received.

Kandel & Co Pty Ltd ABN 33620988061 (corporate credit representative number 506833) and Rajesh P Kandel (credit representative number 476341), are representatives of Connective Credit Services Pty Ltd ( Australian Credit Licence 389328).

Give us a call - we’d love to help you.

Contact Us

Mobile:  0431 790 889

Phone:  03 9005 3955



Postal Address

19 Bradshaw Avenue,

 Craigieburn VIC 3064



Kandel & Co Pty Ltd is T/A Everest Property and Finance

Subscribe our Newsletter

© Everest Property and Finance 2015-2018

Website Designed by