B
BobSleigh
Guest
I'm a little confused about NIB's advance limits on their LTV offering, on their site one of the conditions states
Does this mean that your repayments (if you get the loan) must be no more than 60% of your Net Income?
Thanks
Code:
Borrowing is subject to 40% of net income being available to meet other capital and interest loan repayments, and is subject to a 2% interest sensitivity test.
Does this mean that your repayments (if you get the loan) must be no more than 60% of your Net Income?
Thanks