Products at a glance
VICPRIME Nexus
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VICPRIME Nexus is built for ambition—offering big loans, full flexibility, and a smart approach to income for individuals, companies, and trusts.
Designed for sophisticated borrowers—including individuals, companies, and trusts—seeking larger loan sizes, flexible income verification, and broad-purpose funding without LMI.
Key Product Features
•Maximum Loan Amount: $3,500,000
•Maximum Borrower Exposure: $5,000,000
•Maximum LVR: 85% (No LMI required)
•NSR: 1.0x
•Cash Out: Unlimited (for acceptable stated purposes)
•Accepted Purposes: Debt consolidation, vacant land, high-density apartments
•Maximum Borrower Exposure: $5,000,000
•Maximum LVR: 85% (No LMI required)
•NSR: 1.0x
•Cash Out: Unlimited (for acceptable stated purposes)
•Accepted Purposes: Debt consolidation, vacant land, high-density apartments
Borrower Eligibility
• Borrower type: Individual / Company / Trust
• Location: Category 1, 2 & 3 areas
• Employment:
Full-time / Part-time: 6 months current role or 12 months in industry
Casual: Minimum 12 months in current role
• Self-Employed:
ABN: Minimum 24 months
GST: Minimum 12 months
• Location: Category 1, 2 & 3 areas
• Employment:
Full-time / Part-time: 6 months current role or 12 months in industry
Casual: Minimum 12 months in current role
• Self-Employed:
ABN: Minimum 24 months
GST: Minimum 12 months
Documentation - PAYG Clients
-2 payslips
Plusone of:-Income statement-Employment letter-1-month bank statement
Plusone of:-Income statement-Employment letter-1-month bank statement
Documentation - Self-Employed Full Doc:
-1 year company & individual tax returns
-Plus one of: accountant’s letter / previous year’s financials with NOA
-Plus one of: accountant’s letter / previous year’s financials with NOA
Self-Employed – Alt Doc:
Financial position declaration
Credit History
• Defaults: Max 2 paid non-financial defaults ≤ $1,000; Must be paid & ≥ 6 months old
• Mortgage arrears: Not allowed
• Other arrears: Not allowed
• Discharged bankruptcy: Not allowed
• Mortgage arrears: Not allowed
• Other arrears: Not allowed
• Discharged bankruptcy: Not allowed