The maximum debt to income ratio (DTI) and loan to value ratio (LVR) are confirmed in the Macquarie Residential Home Loans Credit guidelines.
The following parameters apply:
- A maximum DTI cap of 8 times applies to all loans
- Additionally, where the DTI is greater than 6 times, a maximum LVR of 80% applies. Please note, any application in this category deemed to have an overall high risk profile will be considered on a case-by-case basis.
DTI caps do not apply in the following circumstances, as long as minimum NSR of 1.00 or minimum servicing surplus of $500pa are met:
- Applications with the predominant (>50%) source of income included in servicing being non-taxable superannuation pensions
- Applicants who have joint commitments with parties who are not included in the loan application, where 100% of the joint commitment is included in the calculation.
All verifiable income should be included and submitted with the loan application.
You can also find more information in the Macquarie Residential Home Loans Credit guidelines.