Browse Forums Home Finance 1 Dec 02, 2009 10:32 am This may be a stupid question but.... Is it possible to get a home loan from an international bank to purchase a property within Australia? With interest rates lower in other countries would this be an option? Am I overlooking anything. Please note I don't plan on doing this, I was just curious as to whether other potential property buyers may be going down this route? Re: Source of Home Loan? 2Dec 02, 2009 2:52 pm When loaning money, banks will normally require security for the loan within their own jurisdiction. For example, a US based bank would normally only loan you money if you had a property in the US to put up as security, they would not take an Australian property as security for a US loan. Re: Source of Home Loan? 3Dec 03, 2009 9:42 am AWR This may be a stupid question but.... Is it possible to get a home loan from an international bank to purchase a property within Australia? With interest rates lower in other countries would this be an option? Am I overlooking anything. Please note I don't plan on doing this, I was just curious as to whether other potential property buyers may be going down this route? Good question! You need to make sure though that you arrange your loan from a bank that is incorporated in your own country. There are many reasons for this, your legal protection would be one of the most important reasons. There are many international banks in Australia and I have seen some of them do have keen rates for home loans. Bank of China and ING Direct come to mind. The biggest challenge will be if you take out a loan and then run out of money - you'll have an incomplete security and lenders do not like this so you can get stuck.… 2 13451 Hi, you've probably already resolved this, however, Commbank will probably pay the funds to you after you send evidence the work is done regardless the change in the quotes. 1 31767 |