Basic Home Loan - HomeSide Lending - Plain & Simple

Comparison Rate	5.85%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,177.33
Total Amount Paid Est.	$424,020
Establishment Fee	$300.00

5.83%

Target Market
The plain and simple is a basic "No frills" variable rate home loan available for the purchase of owner occupied or residential investment purposes. ,
NOTE: The Interest Only term must be selected on the loan application ,
(in section 6 - Loan Type Required) and will apply from drawdown of the loan.

Acceptable Income
Self Employed, Salary and Wage Earners

Home Loan Loan Term
Minimum: 8 years
Maximum: 30 years (Max 5 years Interest Only)

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

Home Loan Repayment Type
Principal & Interest or ,
First 5 years Interest only option - Monthly repayments only (At the end of Interest only period’ the interest rate will revert to Plain and Simple variable rate of the day)

Repayment Options
Weekly Fortnightly or Monthly on P&I Option ,
Montyly on Interest Only Option

Extra Repayments
Lump sum payments are permitted on P&I option

Split Loan Facility
Yes

Offset
No

Redraw Facility
Fee Free Redraw & Internet access available (Min $2000)

LVR for Basic Home Loan - HomeSide Lending - Plain & Simple

Owner Occupied Maximum LVR 95% ,
Investment Maximum LVR 95% ,
Construction Maximum LVR N/A ,
Refinancing Maximum LVR 90% ,
Vacant Land Maximum LVR 95% ,
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% ,
2 & 3 Star Brokers - Max LVR 90% ,
0 & 1 Star Brokers - Not able to submit new business.

Fees for Basic Home Loan - HomeSide Lending - Plain & Simple

Application Fee - $300 ,
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 ,
Loan Service Fee: Nil ,
Legal Services Fee $162.50 ,
Variation fee $300 Variation of Loan Contract ,
Additional Security $150per security after the first one ,
Packaging Fee $100 per mortgage account/loan product after the first one ,
Security Discharge Fee $300 ,
Loan Modification Fee $200 where loan is switched from interest only to Principal & interest prior to the end of 5 years Interest Only period ,
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