| Purpose: |
To purchase, refinance or construct an owner occupied or investment residential property. This product is ideal for first home buyers. |
| Minimum Loan Amount: |
$150,000.00 |
| Maximum Loan Amount: |
$1,500,000.00 |
| Term: |
15-30 years |
| Loan to Valuation Ratio(LVR): |
95% inclusive of LMI Capitalized - Owner Occupied Only.
90% - Investment Only or 95% if 2nd or subsequent property. |
| Interest Calculation: |
Calculated on the daily balance and debited monthly in arrears |
| Fixed Rate Option: |
Available from 1-5 years |
| Repayment Type: |
P & I and Interest Only |
| Interest Only Period: |
Available form 1-10 years. |
| Repayments: |
Fortnightly or Monthly (default:) |
| Repayment Method: |
Direct Debit or Direct Salary Credit or BPay |
| Mortgage Insurance: |
For LVR less than and equal to 80% and for loan amounts < $500,000. |
| Capitalization of Mortgage Insurance: |
|
| Establishment Fee: |
$660 Single Security (Additional Security $385);an additional valuation fee applies in most cases when the purchase price/market value>$500,000 |
| Account Keeping Fee: |
Nil |
| Ongoing Fee: |
Nil |
| Additional Repayments: |
Available - Unlimited |
| Early Repayment Fees: |
Yes if repaid within the first 5 years |
| Security: |
Registered First Mortgage |
| Redraw Facility: |
Available - Unlimited |
| Splits: |
Available - Maximum of 2 |
| Construction: |
Not Available |
| Overseas Borrower/s: |
Available Up to 80% LVR |
| Telephone & Internet: |
Available |
| Portability: |
Available |
| Other Features: |
No evidence of genuine savings is required. Residential land only can be used as security. |
| Special Requirements: |
|