| Purpose: |
To purchase or refinance an owner occupied or investment residential property |
| Minimum Loan Amount: |
$100,000.00 |
| Maximum Loan Amount: |
$1,000,000.00 |
| Term: |
15-30 years |
| Loan to Valuation Ratio(LVR): |
70% - Owner Occupied & Investment for NoDoc. |
| Interest Calculation: |
Calculated on the daily balance and debited monthly in arrears |
| Fixed Rate Option: |
Available from 1 - 3 years |
| Repayment Type: |
P & I or Interest Only |
| Interest Only Period: |
Available from 1 - 10 years for investors |
| Repayments: |
Fortnightly or Monthly (default:Monthly) |
| Repayment Method: |
Direct Debit or BPay |
| Mortgage Insurance: |
$0 for LVR less than and equal to 70% for loan amounts < $500,000. |
| Capitalization of Mortgage Insurance: |
Available. |
| 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: |
Not applicable from 1 July 2011 |
| Security: |
Registered First Mortgage. |
| Redraw Facility: |
Available - Unlimited |
| Splits: |
Available - Maximum of 2. |
| Construction: |
Available. Standard loan fees apply plus a Construction Fee of $830 and Drawdown Fees of $87 per drawdown. Construction interest rate loading of 0.25% p.a. applicable during construction period. |
| Overseas Borrower/s: |
Not Available |
| Telephone & Internet: |
Available. |
| Portability: |
Available. |
| Other Features: |
Annual Interest Paid in Advance Option available – Investors only. |
| Special Requirements: |
* Self-employed borrower only and at least one day ABN up to 70% LVR
* One day ABN and GST registered for LVR 70%-75%
* Security location restrictions apply. |