Aspect Learning Guide
Genuine savings
Some lenders want to see savings built up over time, especially for higher LVR loans.
Genuine savings explained in plain English
Some lenders want to see savings built up over time, especially for higher LVR loans.
What it means
Savings accumulated over time from your own funds.
Why lenders ask
It shows money management and deposit strength.
When important
Often relevant for high LVR lending.
General information only: This guide does not take into account your personal objectives, financial situation or needs. Lending policy varies between lenders.