
| Comparison Rate | 6.93% |
|---|---|
| Amount | $200,000 |
| Term | 30 years |
| Initial Payment Est. | $1,459.17 |
| Monthly Payment Est. | $1,230.21 |
| Total Amount Paid Est. | $460,740 |
| Establishment Fee | $600.00 |
7.94%
Target Market
Allows the borrower to secure an interest rate and repayment amount for a set period, with some flexibility to make additional payments.
Acceptable Income
As per policy guidelines.
Home Loan Loan Term
1,2,3,or 5 year fixed interest period.
Introductory 12 months.
Maximum: 30 Years.
Home Loan Loan Size
Minimum: $10,000.
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Maximum: Unlimited.
Home Loan Repayment Type
Principal & Interest, Interest Only for investment and Interest Only Personal Purpose .
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Interest Only Personal Purpose the loan must roll to Principle and Interest when the Interest Only Period is completed. Minimum Interest Only term is 3 months with a maximum of 60 months. At the end of 60 months there is an option to extend by an additional 60 months subject to credit approval. Terms and Conditions apply.
Repayment Options
Weekly or Fortnightly or Monthly.
Extra Repayments
If the overall payment made for the month exceeds the standard monthly repayment by more than $500, then an Early Payment Interest Adjustment may apply.
Split Loan Facility
Yes, 1 free.
Offset
Not applicable
Redraw Facility
Not available while loan is on fixed rate.
Please note that a Loan to Value Margin will apply where the LVR is =>90%.
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Owner Occupier Maximum LVR 95% - Refer to Special Criteria
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Investment Maximum LVR 95% - Refer to Special Criteria
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Refinance Maximum LVR 90%
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Debt Consolidation Maximum LVR 90%
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Cash Out Maximum LVR 90%
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LVR for both personal and investment purposes.
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Maximum number of loans that can be consolidated is 4. Maximum loan amount $500,000.
Establishment Fee:$600.
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Account Keeping Fee:$10 per month.
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Additional Valuation Fee $160
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Split Loan Fee $200
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Progressive Funding Fee $250
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Deferred Establishment Fee applies within the first 4 years Minimum $800
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or $1400 if Application Fee of $600 not paid upfront.
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Switching Fee: $300
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If fixed rate is broken early, Early Payment Interest adjustment, may also apply.
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Guaranteed Rate Fee is calculated at a rate of 0.15% of the amount borrowed and is financed as part of the loan amount.
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Establishment fee includes all Valuations and Legal Fees.