Line of Credit Home Loan - NAB - Home Equity LOC

Comparison Rate	5.87%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,163.34
Total Amount Paid Est.	$424,680
Establishment Fee	$600.00

5.72%

Target Market
NAB Home Equity Line of Credit (HELOC) is a flexible and cost effective overdraft solution for customers seeking a line of credit (LOC) product.

Acceptable Income
PAYG SELF EMPLOYED.

Home Loan Loan Term
Reviewed Yearly.

Home Loan Loan Size
Minimum amount $20K ,
No Maximum.

Home Loan Repayment Type
Principal & Interest & Interest Only.

Repayment Options
Interest Only Monthly.

Extra Repayments
Can make unlimited repayments. Early Exit Fee applies if facility cancelled within 4 years of settlement date

Split Loan Facility
Yes maximum of 2 splits for the same property with just 1 Application Fee.

Offset

Redraw Facility
Yes any time over the phone, online or at any of our ATM up to the facility limit.

LVR for Line of Credit Home Loan - NAB - Home Equity LOC

Owner Occupier Maximum LVR 90% ,
Investment Maximum LVR 90% ,
Construction Maximum LVR 90% ,
Refinance Maximum LVR 90% higher LVR refer to Lender ,
Land Maximum LVR 90% ,
Debt Consolidation Maximum LVR 90% ,
Effective 1st May 2009, Broker Star Rating determines Max LVRs applicable for new customers: ,
4 Star Brokers - Max LVR 95% (LOC Max LVR 80%) ,
2 & 3 Star Brokers - Max LVR 90% ,
0 & 1 Star Brokers - Not able to submit new business.

Fees for Line of Credit Home Loan - NAB - Home Equity LOC

Application Fee $600 - Split - Personal & Investment at no cost ,
Loan Admin Fee $15 pm ,
Valuation Fee N/A ,
Free Transaction Per Month Unlimited ATM, EFTPOS, Cheque ,
Telephone & Internet Banking ,
Account Keeping Fee N/A ,
Legal Fees N/A ,
Settlement Processing Fee N/A ,
Increase Fee $600 ,
Early Exit Fee if loan repaid in full within 4 years $900