Victorian Mortgage Group (VMG) has its headquarters in Melbourne, Australia. In addition to home loans, it offers loans for refinancing, home renovations, debt consolidation, car purchases, and to pay for education, holidays, and weddings. It also offers small business loans.
VMG lends to home loan seekers who might not meet the stringent lending requirements of major lending institutions. VMG raises wholesale funds, sources its borrowers, approves its own loans and also manages and services its loans until borrowers fulfil their obligations.
Home loans provided by Victorian Mortgage Group
Five Star Pro
The Five Star Pro is available for purchases, refinances or for debt consolidation. This loan is best suited for very low risk borrowers.
Five Star Flexi
The Five Star Flexi can be used for buying a home, debt consolidation and making renovations. This loan offers flexibility by allowing borrowers with minor defaults and unlimited arrears. This loan suits borrowers who cannot get loans from banks, and who VMG determine as low to medium risk. The application follows a flexible assessment process, taking into account individual circumstances.
Five Star Solve
This loan is also for people who don't qualify for loans through banks, or who are looking for solutions to get out of debt and build secure financial futures. This loan covers limited defaults. You can use it for different purposes according to your requirements.
Five Star Assist
The Five Star Assist loan can be used for a variety of purposes, including managing or getting out of debt. This loan covers limited defaults as well. Apply for this loan if you've not had success with banks.
How to apply for a Victorian Mortgage Group home loan
If you wish to apply for a VMG home loan, please speak to a mortgage broker. To qualify for a VMG home loan you have to meet certain eligibility criteria.
- You must be an Australian resident
- You must be over 18 years old
As part of the application process, VMG looks into your financial history to establish how much you qualify to borrow. To get through the application process you have to submit certain information, which includes the following:
- Your complete name, your mobile number and an email address
- Details of arrears and defaults
- Details of assets and liabilities