Variable Rate Home Loan - RAMS - Smartway

Comparison Rate	6.21%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,210.70
Total Amount Paid Est.	$440,155
Establishment Fee	$595.00

6.09%

Target Market
An All In One Loan designed to help you pay off your loan sooner - achieved by paying all of your income directly to the loan account and using access options (ATM,EFT, cheque).

Acceptable Income
PAYG Salary / Wages/Self Employed.

Home Loan Loan Term
Up to 30 years.

Home Loan Loan Size
Minimum: $25K. ,
No Maximum ,
Maximum: depending on LVR, mortgage insurer and postcode.

Home Loan Repayment Type
Principal and Interest and Interest Only 1 - 5 years & 10 yrs (NB. 10 yrs IO for Investment purpose only).

Repayment Options
Weekly, fortnightly or monthly on any nominated day. ,
Available as an interest only or principal and interest option.

Extra Repayments
No minimum.

Split Loan Facility
Available at anytime (minimum $25k).

Offset
Not applicable

Redraw Facility
Yes. No min ,
Redraw fee = $0.

LVR for Variable Rate Home Loan - RAMS - Smartway

Owner Occupied Maximum LVR 90% ,
Investment Maximum LVR 90% ,
Construction Maximum LVR 90% ,
Refinancing Maximum LVR 90% ,
Debt consolidation Maximum LVR 90% ,
Land Max LVR90%. (Metro/Regional <0.5ha )

Fees for Variable Rate Home Loan - RAMS - Smartway

Application Fee $395. ,
Valuation Fee $200. ,
Additional Valuation Fee $220 ,
Loan Settlement Fee $250 (shown as Mortgage Prep Fee). ,
Account Keeping Fee (displayed as Annual Fee) $120 p.a. ,
Discharge Fee $295 ,
Switch Fee $295 ,
Discharge Fee $295 plus legal. ,
Early payout: Year 1-3: 1% of the original loan amount. ,
Early Repayment Refund to customers that settle a new loan within 6 months of incurring the ERF on their original closed RAMS loan. ,
Conditions apply refer to BDM for further details. ,
ATM, EFTPOS Cheque access 15 Free Transactions across all access methods (Free ATM transactions refer to WBC, St George & Bank SA branded ATM’s only) ,
Loan Fixing Fee $295 post settlement only ,
Customers who convert their current loan to a construction loan will not be charged the $295 Conversion Fee. A Conversion Fee is payable if changes are made such an increase or a change of product. ,
Construction Loan Fee Progress Payment Fee $50 per Progress Payment