Resimac is a non-bank lender dating back to 1985 that lends in Australia and New Zealand, mainly through brokers. Its ranges cover prime borrowers, self-employed borrowers through Prime Alt Doc, specialist loans for past credit problems, and SMSF loans. Prime Alt Doc lends up to $3.5 million and 90% of the value, verified by BAS, bank statements or an accountant.

Resimac Prime Alt Doc at a glance
Feature Detail
Loan size Up to $3.5 million
Maximum LVR Up to 90%
Cash out Unlimited for acceptable purposes, up to 80% LVR
Income evidence (one of) Accountant’s verification (12 months minimum), 6 months of BAS, or 3 months of business bank statements
Serviceability buffer 2%, where banks use 3 percentage points

Why use a non-bank lender like Resimac?

For policy, not because it is cheaper by default. A business owner with a short trading history, irregular income or an older tax return can often be assessed on recent BAS or bank statements. The 2% buffer and the fact that APRA’s debt-to-income limit does not apply to non-banks can lift borrowing power on the same income. See non-bank lenders.

What are Resimac’s product ranges?

Resimac ranges
Range For
Prime and Prime Flex Borrowers with clean credit and standard income
Prime Alt Doc Self-employed borrowers without up-to-date tax returns
Specialist and Specialist Alt Doc Past credit problems such as defaults; priced higher
SMSF Self-managed super fund borrowing

SMSF borrowing changed on 10 August 2026: new limited recourse borrowing can only buy business real property. See SMSF home loans.

When is Resimac the wrong choice?

When a bank will lend on the same file: a PAYG borrower with clean credit usually gets a lower rate from a major bank. Specialist loans carry higher rates, so the plan should be to refinance once the credit file or tax returns allow. See self-employed refinance. Links Property Finance is paid by the lender when a loan settles, and you pay no broker fee. The commission is disclosed before you go ahead.

How do you leave Resimac if you refinance or sell?

Resimac uses a Full Discharge Authority. Ask Resimac or your broker for the current version, because Resimac sets its fee and timing when you request it. If you are leaving a specialist loan for a bank loan, the new lender’s approval comes first, then the discharge.

The NSW registration fee of $182.73 applies on top. The full process is in mortgage discharge in NSW.

How does Resimac compare with the other lenders we review?

Resimac is the only non-bank of the five and the one built for files the banks decline: alternative income evidence, recent self-employment or past credit problems. It usually costs more than ANZ, Westpac, ING or Macquarie for a straightforward borrower.

Compare it with the ANZ home loan review and the Westpac home loan review; broker vs bank explains how a broker compares them all for you.

Questions people ask

Is Resimac a bank?

No. It is a non-bank lender that funds loans through wholesale markets and lends under an Australian credit licence, with the same responsible lending obligations as banks.

Can I get a Resimac loan directly?

Resimac lends mainly through mortgage brokers.

What documents does Resimac need for an alt doc loan?

One of: an accountant’s verification covering at least 12 months, 6 months of BAS, or 3 months of business bank statements.

Does Resimac do loans for bad credit?

Its specialist range considers past credit problems, at higher rates than its prime loans.

Charles Touma works out whether a bank or a lender like Resimac fits your income evidence and credit history. A free 30-minute call covers your options. General information only, not credit, tax or legal advice. Lender policies and products change, and your own circumstances decide what suits you.

Sources: Resimac, Prime Alt Doc; Resimac, about, checked 27 October 2026.

General information only, not credit, legal or tax advice. Your situation is assessed properly before any recommendation. Government scheme details change; figures are current at the time of writing.