Purpose |
Owner occupied or investment property purchases, re-financing existing residential or investment or business loans.(Available on all Loans excluding Construction Loans) |
Loan Size |
From $30,000 to $750,000 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 |
|
Settlement Fee |
$250 payable on settlement. |
Annual Fee |
$300 annual fee paid in arrears on the first anniversary of settlement and every anniversary thereafter. |
Conversion Fee |
$350 charged if loan is converted to another eligible loan type. |
Application Fee |
$395 (includes GST) |
Deferred Admin Fee(DAF) |
A DAF is payable based on the initial loan principal if the loan is fully discharged. This is scaled as follows:£ $500,000 – 0.80% 1st 4yrs, if > $500,000 – 1.00% 1st 5yrsIf 1.4% upfront requested 1.20% 1st 5 yrs regardless of loan amount. |
Security Discharge Administration Fee(SDAF) |
$350 is payable on full 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 |
|
This fact sheet provides general information only – Full details of the loan are set our in the loan agreement – Conditions, fees & charges apply. |