Blue Whale Money offers a dedicated Expat (Australian Expatriate) non-bank home loan product for accredited brokers. This note summarises published caps from the May 2026 Product Guide — without rates or approval promises.
Related: Loan types Expat · Non-bank FAQ Download Product Guide (PDF)
What is an Australian expat home loan (non-bank)?
An Australian expatriate / expat home loan is a residential mortgage for eligible individuals earning overseas (or with overseas income) who want to buy or refinance Australian residential property. Non-bank lenders often provide dedicated expat SKUs with Full Doc or Alt Doc income evidence. It is still a full credit assessment not easy overseas money.
What is Blue Whale Money Expat?
Expat is for individuals only, with Full Doc and Alt Doc, max LVR 85%. Published maximums (May 2026 guide §13):
| Limit | Cap (guide) |
|---|---|
| Maximum LVR | 85% |
| Maximum loan amount | $3,500,000 |
| Maximum borrower exposure | $5,000,000 |
| Maximum loan term | 30 years |
| Documentation | Full Doc + Alt Doc; casual employment N/A |
High-level policy notes (confirm before quoting): cash-out unlimited for acceptable stated purpose; debt consolidation Yes; vacant land No; inner-city high-density Yes; arrears and discharged bankruptcy No; defaults printed as $1,500 paid; permanent full-time/part-time employment tenure requirements apply; casual N/A; self-employed ABN 24 months / GST 12 months; NSR 1.0x; location Cat 1, 2 and 3.
Who does Expat suit / not suit?
Suits: Australian expats buying or refinancing Australian residential property who can document overseas or local income under Full or Alt Doc rules within 85% LVR and published loan/exposure caps.
Not for: Casual employees on this product; vacant land; company/trust structures on this SKU (individual only); commercial security; clients who need Near Prime credit concessions (use Near Prime if eligible) or SMSF trust structure (use SMSF).
Documents snapshot
- PAYG: 2 payslips plus one of: income statement, employment letter, or 1 month bank statement.
- Self-employed Full Doc / Alt Doc: Same family pattern as Prime (tax returns / financials or declaration plus accountant letter, BAS, bank statements, or ATO portal — see guide).
- Brokers should confirm overseas income documentation against the current Product Guide before submitting.
Safer broker phrasing
- “Australian Expatriate product for individuals — Full or Alt Doc within published caps”
- “Confirm overseas income evidence in the current Product Guide”
- “Subject to full credit assessment — not pre-approved”
SMSF vs Expat vs Near Prime (no rates)
| SMSF | Expat | Near Prime | |
|---|---|---|---|
| Borrowers | Trust | Individuals only | Individual / company / trust |
| Max LVR | 80% | 85% | 80% |
| Max loan / exposure | $3.5m / $5m | $3.5m / $5m | $3.5m / $5m |
| Max term | 30 years | 30 years | 30 years |
| Docs | Full + Alt (contribution evidence) | Full + Alt; casual N/A | Full + Alt |
Pricing is not published here — download the current Product Guide (PDF).
Next step
- Match the client on loan types — Expat.
- Download the current Product Guide (PDF).
- Confirm accreditation and submit via Blue Whale Money (info@bwmoney.com.au).
Important: Criteria subject to change; definitive limits live in the Product Guide in force at submission (this article pins May 2026). Not a credit offer, pre-approval, or guarantee of approval. Blue Whale Money — Blue Whale Capital Pty Ltd, ABN 19 675 933 123. ACL 566116.
