Loans for Pastors

Understanding how you're paid and explaining it to lenders

Loans for Pastors can be difficult to obtain.
This is why Westlend Home Loans specialises in loans to Sydney Anglican Clergy, Baptist pastors, pastors of Pentecostal Churches and Presbyterian Ministers.

Being an Anglican minister for a number of years in Sydney, Mark Bonnici understands how you're paid, so he can explain it to your lender in a way which makes sense to them.

Mark and the Westlend Team have been brokering loans for pastors for the last 7 years so he understands both the nuances around how you are paid but also which lenders have the risk appetites to accept your benefits and allowances at 100% tax free to maximise your borrowing capacity.

Because understanding how your MDBA works within your remuneration package and tracking the money trail through your MDBA ledger etc is critical.

As an example, there are some lenders who cap tax free income to under 12K and others that simply factor all of your income as gross taxable which can reduce your borrowing substantially, so understanding the right lender to go to is so important.

Even purchasing Investment properties can disadvantage pastors at time when lender policies are applied, therefore it's so important to know which lendrs will have better mitigants for clients who may have accommodation factored in as part of their remuneration package.


Contact Mark Bonnici and the Westlend team for a free borrowing capacity assessment.

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Learn how you can save thousands by refinancing your home loan

Even a small saving of $1000 per year, over the life of your loan can add up to $30,000.

Comparison Interest Rate

Owner Occupied

0 %
p.a.
STANDARD VARIABLE RATE

WestLend doesn’t charge any fees,
however we are required to give you
this regulatory warning.
The comparison rate is based on a
loan for $150,000 and a term of 25
years. WARNING: This comparison
rate is true only for the examples
given and may not include all fees and
charges. Different terms, fees or other
loan amounts might result in a
different comparison rate.

Investor

0 %
p.a.
STANDARD VARIABLE RATE

WestLend doesn’t charge any fees,
however we are required to give you
this regulatory warning.
The comparison rate is based on a
loan for $150,000 and a term of 25
years. WARNING: This comparison
rate is true only for the examples
given and may not include all fees and
charges. Different terms, fees or other
loan amounts might result in a
different comparison rate.

Ready to add this great rate to your home loan?

Why You Should Refinance

Fast, Simple & Personal

Step 1

Secure Assessment

All of your personal details are uploaded and saved to a secure data base and managed by our aggregation group The Connective, a leading aggregator in the Australian Lending industry.

Step 2

Digital Process

All of your documentation can be uploaded to a secure portal digitally and most lenders on our panel are accepting digital signatures via docu-sign, a digital signature verification process.

Step 3

Fast Approval

We have exclusive rights to have loans approved by our aggregation group within minutes for loans that meet certain criteria.

Step 4

Timely Settlement

We work hard to meet all of the purchase deadlines for each of the different milestones related to purchasing a home, from formal approval, to the cooling off and settlement dates. We work with quality conveyancers to facilitate this process.

Thinking about refinancing?

Use our helpful calculators to crunch the numbers

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