|
Ultimate Home Loan Package |
Variable Rate Home Loan |
Fixed Rate Home Loan# |
First Home Owners Discounted Fixed Rate Home Loan# |
Home Equity Loan |
Line of Credit |
Investment Loan |
Home Improvement Loan |
Vacant Land Loan |
|
Interest Rate |
Variable |
Variable |
Fixed for 1 or 2 years |
Fixed for 1 year |
Fixed or Variable |
Variable |
Fixed or Variable |
Fixed or Variable |
Fixed or Variable |
|
Establishment Fee |
- |
$250 |
$250 |
$250 |
$250 |
$250 |
$250 |
$250 |
$250 |
|
Monthly Loan Maintenance Fee |
- |
$5 |
$5 |
$5 |
$5 |
- |
$5 |
$5 |
$5 |
|
Annual Fee |
$330 |
- |
- |
- |
- |
$100 |
- |
- |
- |
|
Document Fee |
- |
$250 |
$250 |
$250 |
$250 |
$250 |
$250 |
$250 |
$250 |
|
Deposit Required |
5% |
5% |
5% |
5% |
10% |
20% |
10% |
10% |
10% |
| Maximum borrowing amount - LVR* |
95% |
95% |
95% |
95% |
90% |
80% |
90% |
90% |
90% |
|
Security Required |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Term of Loan |
30 years |
30 years |
30 years |
30 years |
Max 10 years |
Ongoing |
30 years |
Varies on product taken |
30 years |
|
Repayments |
Weekly, fortnightly or monthly |
Weekly, fortnightly or monthly |
Weekly, fortnightly or monthly |
Weekly, fortnightly or monthly |
Weekly, fortnightly or monthly |
No set repayments+ |
Weekly, fortnightly or monthly |
Weekly, fortnightly or monthly |
Weekly, fortnightly or monthly |
|
Can I make extra repayments without being penalized? |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Can I have my salary deposited directly into my loan? |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Redraw Facility^ |
|
|
|
|
|
|
|
|
|
|
100% mortgage offset account |
|
|
|
|
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|
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|
Access Methods |
Phone & |
Phone & |
Phone & |
Phone & |
Phone & |
Phone & Cheque, ATM, EFTPOS & BPay |
Phone & |
Phone & |
Phone & |
|
|
Ultimate Home Loan Package |
Variable Rate Home Loan |
Fixed Rate Home Loan# |
First Home Owners Discounted Fixed Rate Home Loan# |
Home Equity Loan |
Line of Credit |
Investment Loan |
Home Improvement Loan |
Vacant Land Loan |
# Fixed Rate Home Loan reverts to Variable Rate Home Loan after the fixed rate period has finished.
^ A small fee and a minimum redraw amount apply to the redraw facility.
* LVR is the Loan Value Ratio and is a percentage of the value of the property. Lending this percentage is subject to Lenders Mortgage Insurance.
+ There are no set repayments for the Line of Credit, however when you reach your limit, interest only repayments are required.