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Foreign Currency Loans for Australian Citizens Living Abroad (Australian Expats)

Dec 3, 2010 by Craig Vaughan

The introduction of new legislation by the Australian Federal Government saw the Australian based banks and lenders withdraw their foreign currency home loan products from sale end of June 2010.

MAP can still assist and has formed a relationship with an overseas lender to assist Australian Expats living and working abroad to borrow in the currency that they earn their income in. Maximum LVR is 70% and the currency you can borrow in is either AUD, the currency you earn in or a currency that is pegged to your currency. Eg, an Australian earning in AED can borrow in USD or AUD.

More information on Foreign Currency Home Loans here.

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