Details regarding the purpose of the cash out must be provided based on your customer’s requirements and objectives for the additional funding. The below table lists examples of acceptable and unacceptable purposes. When submitting an application, use our loan purpose and ABS code matrix to help you input accurate data.
| Examples of acceptable purposes | Examples of unacceptable purposes |
|---|---|
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Cash out is typically allowed for acceptable purposes for applications up to 80% LVR.
All applications are subject to credit approval. For more information, refer to our Residential Home Loan Credit Guidelines.
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