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A fully featured loan facility with a very competitive rate.*
The Platinum loan could be the perfect loan if you are:
• Looking for a better home loan deal
• Seeking to borrow 250K+
• A person who wants to upgrade their existing home with liitle or no equity
• An investor looking for a competitive rate
Features include:
| GENERAL |
Owner-occupied or investment purchases, construction, refinancing existing residential or investment or business
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| Loan size |
From 30,000 to $2,500,000 per security property.
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| Term |
10 to 30 years.
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| Repayments |
Principal and Interest or interest only for 2,3,5,10 years and Line of Credit 15 years.
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| Frequency |
Weekly,fortnightly or monthly
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| Extra repayments |
Extra repayments can be made on variable loans at any time.
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| Convert to fixed rate |
All or part of the loan can be converted to a fixed rate at any time at no cost.
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| Split loan facility |
Up to 4 separate splits per facility. Transfer funds between splits using inter-account payment facility.
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| Offset facility |
100% offest available.
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| 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.
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| Max loan to value ratio (LVR) |
100% LVR for all loans up to $500,000 secured by a residential dwelling;
97% LVR for all loans up to $2,500,000 secured by a residential dwelling;
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| FEES |
Please refer to fees that don't tease. |
| OTHER CONDITIONS |
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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* Indicative interest rate of 7.01% p/a applicable to new loan applications where loan amount is in excess of $250,000.
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