Purpose |
Owner occupied or investment property purchases, re-financing existing residential or business loans |
Loan Size |
From $30,000 to $500,000 per security property |
Term |
Up to 30 Years |
Repayments |
Principal and Interest or Interest Only for 2,3,5 or 10 years and Line of Credit 15 Years. |
Frequency |
Weekly, fortnightly or monthly. Extra repayments can be made on variable loans at any time |
Convert To Fixed Rate |
All or part of the loan can be converted to a fixed rate at any time at no cost (subject to maximum of 4 a/c) |
Split Loan Facility |
Up to 4 separate splits per facility. Transfer funds between splits using Inter Account Payment facility |
Re-Draw Facility |
Unlimited re-draw at no cost. Minimum re-draw $50 when using Loan Service Line or Loan Service Net for all variable rate loans |
Pay Anyone |
Payment can be made to any bank, building society or credit union directly from your loan using a valid BSB and account number (excludes credit cards). Max $5000 per day. Not available during a fixed rate period. |
Maximum LVR |
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Fees |
No Monthly administration or ongoing fees |
Application Fee |
$395 (includes GST) |
Deferred Admin Fee |
A Deferred Administration Fee of 1.20% of the initial loan principal amount is payable if the loan is fully discharged within five years of settlement |
Security Discharge Administration Fee |
A Security Discharge Administration Fee of $350 is payable upon full repayment and discharge of the loan. |
Government & Bank Charges |
For example, mortgage duty, registration fees and property searches |
Legal fees & disbursements |
Client will pay costs associated with their own legal fees and disbursements |
Other Conditions |
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This fact sheet provides general information only – Full details of the loan are set our in the loan agreement – Conditions, fees & charges apply. |