Bridging Home Loan - Police and Nurse Credit Society - Bridging Loan

Comparison Rate	7.05%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,323.90
Total Amount Paid Est.	$479,258
Establishment Fee	$818.00

6.95%

Target Market
Fully secured, short term property funding loan for members who wish to sell existing property and who have found a new property. Allows them to go ahead and negotiate the purchase before selling existing property.

Acceptable Income
Full Time, Permanent Part Time, Family Allowance A & B, Age Pension. ,
Please refer to the Income and Debt to Servicing Ratios provided by Police and Nurses in the Lender Manuals.

Home Loan Loan Term
6 or 12 months (Can be extended).

Home Loan Loan Size
Minimum Loan amount $20K. ,
Maximum Loan amount Subject to credit policy.

Home Loan Repayment Type
VARIABLE.

Repayment Options
Not required. ,
Can make voluntary repayments Weekly, Fortnightly or monthly.

Extra Repayments
Additional repayments allowed.

Split Loan Facility
Not available during the Bridging period.

Offset
No offset option available.

Redraw Facility
Not available.

LVR for Bridging Home Loan - Police and Nurse Credit Society - Bridging Loan

Owner Occupier Maximum LVR 85%. ,
Investment Maximum LVR 0. ,
Construction Maximum LVR 85%.

Fees for Bridging Home Loan - Police and Nurse Credit Society - Bridging Loan

Fees are added to loan amount ,
Establishment fee $650 (metro <$1m) ,
Establishment fee $880 (metro >$1m on non metro property) ,
Monthly fee $5 ,
Settlement Fee $168 ($110 registration of mortgage (varies per state), title search $32 and title search admin fee $26) ,
Establishment Fee plus Settlement Fee is shown as Establishment Fee ,
Documentation Fee $500 (not including WA) - shown as Preparation Fee ,
A Deferred Establishment Fee of $1500 is payable if 75% or more of the amount of loan is repaid within 3 years of the establishment of the loan ,
Valuation Fee is covered in the Establishment/Application Fee. Any additional valuation fees are charged as below: ,
Metro: ,
Property value $0 - $1M - $210 ,
Property value $1M+ - $440 ,
Property value $1.5M+ - at cost ,
Non Metro: ,
Property value $0 - $1M - $440 ,
Property value $1M+ - at cost ,
Opening any Savings Account or Lending Product required to purchase a $10 share per member/person.