| General |
Owner-occupied or investment purchases, refinancing existing residential or investment or business |
Owner-occupied or investment purchases, refinancing existing residential or investment or business |
Owner-occupied or investment purchases, refinancing existing residential or investment or business |
| Rate |
5.97% Variable |
6.13% Variable |
Rates vary according to the LVR. LVR <65%, 7.32% up to LVR 85%, 8.93% |
| Loan size |
From $250,000 to $1,000,000 per security property |
From $100,000 to $2,000,000 per security property |
Min loan is $50,000. Max loan size varies with LVR from <65% LVR, $1,750,000 to 85% LVR, $750,000
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| Term |
15 to 30 years |
10 to 30 years |
15 - 30 years |
| Repayments |
Principal and Interest or interest only for 2, 3, or 5 years |
Principal and Interest or interest only for 2, 3, or 5 years |
Principal and interest, interest only up to 5 years (investment security only) |
| Repayment frequency |
Weekly, fortnightly or monthly |
Weekly, fortnightly or monthly |
Weekly, fortnightly or monthly |
| Extra repayments |
Extra repayments can be made on variable loans at any time |
Extra repayments can be made on variable loans at any time |
Extra repayments can be made on variable loans at any time |
| Convert to Fixed Rate |
All or part of the loan can be converted to a fixed rate at any time |
All or part of the loan can be converted to a fixed rate at any time |
All or part of the loan can be converted to a fixed rate at any time |
| Split loan facility |
Up to 4 separate splits per facility. Transfer funds between splits using inter-account payment facility. |
Up to 4 separate splits per facility. Transfer funds between splits using inter-account payment facility.
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Up to 6 separate splits per facility. Transfer funds between splits using inter-account payment facility.
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| Redraw facility |
Yes, unlimited redraw |
Yes - unlimited free redraw |
Yes, unlimited redraw |
| Pay anyone |
Payment can be made to any bank, building society or credit union directly from your loan using a valid BSB and account number (excludes credit cards). Maximum of $5,000 per day. Not available during fixed rate period |
Payment can be made to any bank, building society or credit union directly from your loan using a valid BSB and account number (excludes credit cards). Maximum of $5,000 per day. Not available during fixed rate period. |
Payment can be made to any bank, building society or credit union directly from your loan using a valid BSB and account number (excludes credit cards). Maximum of $5,000 per day. Not available during fixed rate period. |
| Max Loan to Value ratio (LVR) |
90% LVR plus Lenders Mortgage Insurance |
90% LVR plus Lenders Mortgage Insurance |
Max LVR of 85% plus Lenders Risk Fee, Title Insurance Premium and Lenders Settlement Fees (up to 90% LVR) |
| Other conditions |
All repayments are to be made by electronic direct debit ot direct salary credit.
LendersMortgage Insurance is required, and is payable by the borrower if the amount borrowed is greater than 80% of the value of the property (conditions apply).
Break costs will apply to fixed rate loans if fixed rate period is being broken.
Registered first mortgage over residential property as security on all loans. |
All repayents are to be made by electronic direct debit or direct salary credit.
LendersMortgage Insurance is required, and is payable by the borrower if the amount borrowed is greater than 80% of the value of the property (conditions apply).
Break costs will apply to fixed rate loans if fixed rate period is being broken.
Registered first mortgage over residential property as security on all loans.
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All repayents are to be made by electronic direct debit or direct salary credit.
Lenders Risk Fee is, Title Insurance Premium and Lenders Settlement Fees are requirements of this loan and are payable at settlement.
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