Fixed Rate Home Loan - St George Bank - Portfolio 4yr fixed

Comparison Rate	7.01%
Amount	$200,000
Term	30 years
Initial Payment Est.	$1,438.36
Monthly Payment Est.	$1,264.28
Total Amount Paid Est.	$469,132
Establishment Fee	$700.00

7.79%

Target Market
People who want to own their own home sooner. ,
People who have greater than 10% equity in their property/s. ,
People who have a number of different borrowing and lifestyle requirements.

Acceptable Income
Self employed, Salary & Wage earners. ,
Serviceability Ratio LVR <=80% and loan does not require LMI - 1.00 times. ,
LVR <=90% and LMI is required - 1.10 times ,
LVR is >90% and LMI is required - 1.10 times ,
On Income Calculations Worksheet use 2% of limit, highest balance in the last 3 mths, or nil limit if card cleared each month for the last 3 mths ,
For Investment Loans calculate 12 months worth of interest at the qualifying rate and take this amount off taxable income before assessing for tax.

Home Loan Loan Term
Evergreen (No Term).

Home Loan Loan Size
Minimum Limit $10K ,
Second and Subsequent Sub Accounts $2K minimum limit.

Home Loan Repayment Type
Minimum payment of Interest plus fees and charges accrued during the month. Capitalisation is allowed within the limit on sub accounts where a fixed or variable interest rate has been selected not available for primary sub-account.

Repayment Options
Interest Only plus monthly admin fee. ,
Capitalisation of monthly repayments on all sub-accounts (both unregulated and regulated) except the Primary sub-account. Selected customers can request a repayment profile to better suit their individual needs.

Extra Repayments
Principal Reductions allowed at any time on variable rate sub accounts. ,
Portfolio Loans with a negotiated variable or fixed interest rate will be charged the $1K Portfolio Loan Discharged Fee if the loan is discharged within 3 years of the settlement date.

Split Loan Facility
Yes. Trading Name can now be added to any subaccount, including the primary sub-account, of a Portfolio or Low Doc Portfolio loan.

Offset
Borrowers can draw back up to approved limit on variable rate sub-accounts.

Redraw Facility
Borrowers can draw back up to approved limit. ,
With most of our products (excluding Portfolio Loan / line of credit) funds paid into the loan are not available when they have been deposited, until the next payment date. The system holds the deposit until the payment due date and then shows the additional funds (over and above the repayment due) as available redraw. Redraw is not automatic on a loan and clients may need to apply for a redraw facility to be active on their loan. ,
When a St George loan settles, the surplus funds are usually deposited into a nominated St George Bank account on date of settlement. This needs to be specified in the disbursement form which the client receives with the loan documentation.

LVR for Fixed Rate Home Loan - St George Bank - Portfolio 4yr fixed

Owner Occupied Maximum LVR 90% ,
Investment Maximum LVR 90% ,
Construction Maximum LVR 90% - Construction N/A for Fixed ,
Refinancing Maximum LVR 85% ,
Up to < 80% for Vacant Land as a single security ,
LVR > 80% LMI ,
LVR 85% for Refinance with or without consolidation of Debt ,
LVR 90% for Purchase, Construction. ,
FASTRefi® is a process that allows settlement for refinancing of residential loans to be completed within days of the customer signing the loan documents. For more information on this service contact your broker support centre Mortgage Central on 1300 137 532.

Fees for Fixed Rate Home Loan - St George Bank - Portfolio 4yr fixed

Application Fee:$700 (Split Facilities $154 ea) ,
Settlement/Lodgement Fee:$ 100 per sub account (Fee displayed as Mortgage Preparation ) ,
Additional Securities:$100 Legal Fee, Plus Govt. Costs. ,
Additional Valuations:$0 Valuers travelling allowance payable by customer. ,
Redistribution of Limits:$ 10 per redistribution ,
Applicants have an option to choose to pay one annual fee for up for up to 10 sub accounts or pay a monthly fee ,
Administration Fee:$14 per month or capped Annual Fee $200 ,
Unlimited free Phone and Internet Banking transactions. ,
No Annual Review Fee or Unused Limit/Line Fee ,
Increase Fee $500 ,
Switch Fee to Portfolio $500 ,
Rate Lock Fee 0.15% of the loan amount or $500 whichever is higher) ,
Consent to Subdivision $350 ,
Substitution of Security $350 ,
Renegotiation $500 ,
Discharge of Mortgage Fee $500 ,
Discharge Settlement Processing Fee $100 ,
Progress Payment Administration Fee $250 ,
Progress Payment Final Inspection Fee $102.50 ,
Arrears Letter Fee $50 ,
Early Termination Fee:$1,000 if loan discharged in the first 3 years, Negotiable Rate on sub accounts. ,
Switching Fee $500 ,
Split Fee $150 ,
Refer to Fee Guide in Lender Manual Folder for full list of the fees.