Variable Rate Home Loan - HomeSide Lending - Offset Home Loan

Comparison Rate	5.73%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,151.94
Total Amount Paid Est.	$418,200
Establishment Fee	$600.00

5.63%

Target Market
A Principle and interest loan account, which links an everyday transaction account (Deposit Offset Account) to a loan (Offset Home Loan). ,
The balance of the transaction account is used to 100% offset the equivalent balance of the loan account for the purpose of calculating interest on the loan. This reduces the interest payable on the loan, which reduces the term of the loan. There is unlimited access to money in the transaction account via cheque book and Visa Debit Access Card.

Acceptable Income
Self Employed, Salary and Wage Earners

Home Loan Loan Term
Minimum: 8 years
Maximum: 30 years

Home Loan Loan Size
Minimum: $50K ,
Maximum: case by case

Home Loan Repayment Type
Principle & Interest

Repayment Options
Weekly, Fortnightly or Monthly.

Extra Repayments
No restriction

Split Loan Facility
Additional loan accounts available (Note: $100 Fee applies for each additional product/account)

Offset
100%

Redraw Facility
Fee Free Redraw ,
Available on additional funds that have been repaid on the Offset Home Loan (at any time).

LVR for Variable Rate Home Loan - HomeSide Lending - Offset Home Loan

Owner Occupier: LVR 95% maximum ,
Refinance NA ,
Investment: LVR 95% maximum ,
Effective 1st May 2009, Broker Star Rating determines Max LVRs applicable for new customers: ,
4 Star Brokers - Max LVR 95% ,
2 & 3 Star Brokers - Max LVR 90% ,
0 & 1 Star Brokers - Not able to submit new business. ,
,
This product applies to Purchases only and is NOTapplicable for refinances.

Fees for Variable Rate Home Loan - HomeSide Lending - Offset Home Loan

Application Fee - $600 ,
The Establishment Fee is waived in the following instances for loans with 90% LVR or less: ,
NSW, QLD, VIC, WA & ACT >$300K ,
SA, TAS & NT >$200K ,
A fee of $150 for each additional security property is applicable. ,
Loan Service Fee:$8 per month ,
Legal Services Fee $162.50 ,
Fees on Deposits/Cheque's Nil on Deposit offset account ,
Variation fee $300 Variation of Loan Contract ,
Additional Security $150 per mortgage account/loan product after the first one ,
Packaging Fee $100 per mortgage account/loan product after the first one ,
Fixing Fee $100 where loan is refixed from a variable period ,
Security Discharge Fee $300 ,
Full Telephone Banking services provided ,
Early Exit Fee of $1200 does not reduce over time and is payable if the loan is refinanced or repaid in full within 4 years of the settlement date