Bright Home Loans

Our Bright home loans are ideal for locally self-employed people, non-residents of Australia and Australian residents with income from abroad. 

Comprehensive offering with loans up to $2m for every purpose – Purchase, Refinance, Equity Release or Construction. Genuine Alt Doc solution available to all Self-Employed borrowers. Also available to Non-residents of Australia.

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Loan Purpose

Purchase, refinance or equity release; OR
House and Land construction loans with progress payments.

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Suitable Borrowers

Salaried employees, self-employed
persons, including non-residents of
Australia.

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Repayment Method

Monthly repayments by direct debit.

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Repayment Types

Principal and interest or interest only.

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Interest Rate Types

Your choice of a variable rate or a
fixed rate for 1-3 years.

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Interest Only Periods

A maximum of 5 years.

Competitive, tailored home loans designed to support diverse customer needs.

LJ Hooker Home Loans proudly support the universal right of home ownership. Our Bright Home Loans are available to Australian residents and non-residents alike, offering everyone the chance of realising the great Australian dream.

Let LJ Hooker Home Loans Bright work for you:

  • Expert advice and support from your LJ Hooker Home Loans specialist to help you select the features you need
  • Competitive variable and fixed rate options to help you save
  • The option to make extra repayments to your variable rate home loan at no cost
  • Widest acceptable security range – apartments, townhouses and detached houses in all Australian States
  • Complimentary pre-assessment and conditional written approval
  • Genuine Alt Doc solution available to all Self-Employed borrowers
  • 100% Redraw Offset Facility available
  • Also available to Non-residents of Australia

LJ Hooker Home Loans Bright offers a variety of options with interest rates to suit your needs.

To find out more about rates available and how LJ Hooker Home Loans Bright can work for you, speak to your LJ Hooker Home Loans specialist.

Loan Features

Minimum Loan

  • $150,000

Maximum Loan

  • $2,000,000

Maximum LVR

  • 75%

Maximum Loan Term

  • 30 Years

Split loan

  • Up to 5 loan splits with fixed rate portions not more than 50%.

Acceptable security

  • Apartments, townhouses and houses in all Australian States.
    40 – 45sqm: max 50% LVR | 45 – 50sqm: max 60% LVR | >50 sqm : max 75% LVR

 

LJ Hooker Home Loans Bright products are funded by Brighten Home Loans. Brighten Home Loans Pty Ltd ACN 620 839 983 is the program lender and RAFG Pty Ltd Australian Credit Licence 512386 is the program loan servicer. LJ Hooker Home Loans Bright is distributed by LJ Hooker Home Loans Pty Ltd ABN 34 106 564 765 Australian Credit Licence 380270.

FAQs

Q: Do you offer interest only loans?

A: Yes we do, up to a maximum of 5 years. The loan must revert to principal and interest repayments for the remaining term.

Q: Will you look at my residency status?

A: Yes, however we accept both temporary (those with a visa) and non-residents of Australia.

Q: Is there any age restrictions?

A: No, we do not discriminate as to an applicant’s age. However we must ensure the applicant is able to service and repay the loan.

Q: Can you lend to self-employed individuals?

A: Yes we do, and we also have a simple alternative documentation (“Alt Doc”) approach to verifying self-employed income.

Q: Do I still have to have an Australian bank account if my home loan comes with an Offset Facility?

A: No, an active Australian bank account is no longer required – you can make monthly loan repayments directly via your Offset Facility.

Q: Can I send funds to my Offset Facility from overseas? 

A: Yes, however, in order to receive international payments you must provide us with a copy of the electronic payment receipt from the financial institution from which the payment was made within 7 days of making that payment. If you do not provide the payment receipt within 7 days, the payment will be considered to have been a mistake, the payment will not be credited to your account and will be treated as unclaimed funds. All payments must be made in Australian Dollars only.

Q: Can I make advance payments and is there any fees?

A: There is no penalties or fees for early repayment of variable rate loans. Break Fees may apply for early repayment of fixed rate loans.

Q: How does a House & Land loan construction loan work?

A: Funds are advanced by progressive payments and are released on a “cost to complete” basis. The Lender pays these staged progress payments to the builder of the home as the construction of the house is completed. The Lender will also undertake an inspection at each stage to ensure works are satisfactorily completed before releasing funds.

Simple example excluding costs would be as follows: Land Cost $250,000, Cost to build the house $350,000. Total Value of house and land is therefore $600,000. Maximum LVR is 70%, and therefore the maximum loan amount is $420,000. The Lender would ask you to first pay their 30% deposit ($180,000) towards the land price of $250,000. The Lender would then lend the remaining $70,000 required to settle the land and also 100% of the build cost of $350,000. This would usually be done in 5 progressive payments.

Q: How can I apply for LJ Hooker Home Loans Bright?

A: Please contact your LJ Hooker Home Loans specialist to apply and lodge your application.

Q: What documents do I need to provide when applying?

A: When you discuss your home loan with your LJ Hooker Home Loans specialist, he/she will inform you of the relevant documentation required to apply for an LJ Hooker Home Loans Bright loan.

Q: What’s the difference between a fixed and a variable rate home loan?

A: A fixed rate loan means that the interest rate, which applies to your loan, will stay the same for a fixed period. For example, if you take out a 3-year fixed rate home loan, the interest rate will be the same throughout the 3 year fixed rate term, which means you know exactly what your repayments will be during that term. A variable rate loan means that the interest rate may change from time to time throughout the life of the loan.

Q: Who do I speak to about LJ Hooker Home Loans Bright?

A: Please go to the Contact Us page here.

 

LJ Hooker Home Loans Bright products are funded by Brighten Home Loans. Brighten Home Loans Pty Ltd ACN 620 839 983 is the program lender and RAFG Pty Ltd Australian Credit Licence 512386 is the program loan servicer. LJ Hooker Home Loans Bright is distributed by LJ Hooker Home Loans Pty Ltd ABN 34 106 564 765 Australian Credit Licence 380270.

Contact Customer Care

For existing applicants and current customers

Need some assistance with your existing LJ Hooker Home Loans Bright loan?

Phone

Australia
13 14 88
9am – 6pm (AEST)
Monday to Friday

Overseas
(852) 3727 0928 | (86) 021 60398510
9am – 6pm (GMT+8)
Monday to Friday

Email

info@brighten.com.au

Postal Address

PO BOX H338 Australia Square
NSW 1215

Complaints and Financial Hardship:

View our complaints and dispute resolution guidelines here

 

LJ Hooker Home Loans Bright products are funded by Brighten Home Loans. Brighten Home Loans Pty Ltd ACN 620 839 983 is the program lender and RAFG Pty Ltd Australian Credit Licence 512386 is the program loan servicer. LJ Hooker Home Loans Bright is distributed by LJ Hooker Home Loans Pty Ltd ABN 34 106 564 765 Australian Credit Licence 380270.

LJ Hooker Home Loans Bright products are funded by Brighten Home Loans. Brighten Home Loans Pty Ltd ACN 620 839 983 is the program lender and RAFG Pty Ltd Australian Credit Licence 512386 is the program loan servicer. LJ Hooker Home Loans Bright is distributed by LJ Hooker Home Loans Pty Ltd ABN 34 106 564 765 Australian Credit Licence 380270.