Advantage Premium >$500,000

No application, no settlement and no annual fees with unlimited redraw and full banking facilities.

Bonus Rate Reduction & No Fees!

Advantage Premium >$500,000

6.48%
6.48%*
Comparison rate

  • No Application Fees
  • No Ongoing Fees
  • 4 Star Cannex Rated

Loan Details

General

Owner-occupied or investment purchases, refinancing existing residential or investment or business for loans >$500,000

Loan size

$500,000 to $2,000,000

Term

10 to 30 years

Repayments

Principal and Interest or interest only for 2, 3, or 5 years

Repayment frequency

Weekly, fortnightly or monthly

Extra repayments

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

Split oan facility

Up to 4 separate splits per facility. Transfer funds between splits using inter-account payment facility.

Redraw facility

Yes - unlimited free 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.

Max Loan to Value ratio (LVR)

95% LVR plus Lenders Mortgage Insurance on new purchases

90% LVR plus Lenders Mortgage Insurance on refinances

Other conditions

All repayments 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.
 

  • *Comparison rates are calculated using a $150,000 loan amount over a 25 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rates.

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