
| Comparison Rate | 6.16% |
|---|---|
| Amount | $200,000 |
| Term | 30 years |
| Monthly Payment Est. | $1,205.54 |
| Total Amount Paid Est. | $438,360 |
| Establishment Fee | $600.00 |
6.05%
Target Market
Allows the borrower access to funds from $10K up to an agreed credit limit. Access is by way of cheque book and electronic access. There are no regular repayments, with interest charged only on the funds used by the borrower. This product can be used for Personal Purposes or Investment Purpose not for Business Purposes.
Acceptable Income
As per policy guidelines.
Home Loan Loan Term
30 Years.
Home Loan Loan Size
Minimum: $10K.
,
Maximum: Unlimited.
Home Loan Repayment Type
Interest only (Interest is capitalised).
,
Principal Reductions allowed.
Repayment Options
Weekly, Fortnightly, Repayment frequency not required while the balance remains below the approved limit.
,
Interest Only when fully drawn.
Extra Repayments
Unlimited.
Split Loan Facility
Yes.
Offset
Not available.
Redraw Facility
Direct from Asset Line account.
Please note that a Loan to Value Margin will apply where the LVR is =>90%.
,
Owner Occupier Maximum LVR 90%
,
Investment Maximum LVR 90%
,
Construction N/A
,
Refinance Maximum LVR 90%
,
Vacant Land N/A
Establishment Fee $600.
,
Additional Valuation Fee $160
,
Add Loan Establishment Fee:$300.
,
Monthly Account Keeping Fee $10 per month.
,
10 free standard free transactions a month then 60c each withdrawals/deposits/collections.
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Establishment fee includes all Valuations and Legal Fees.
,
Split Loan Fee $200