| Purpose: |
To purchase, refinance or construct an owner occupied or investment residential property |
| Minimum Loan Amount: |
$50,000.00 |
| Maximum Loan Amount: |
$1,000,000.00 |
| Term: |
15-30 years |
| Loan to Valuation Ratio(LVR): |
90% - Owner Occupied
85% - Investment (principal and Interest)
75% - Investment (Interest only) |
| Interest Calculation: |
Calculated on the daily balance and debited monthly in arrears |
| Fixed Rate Option: |
Available from 1-5 years |
| Repayment Type: |
P & I or Interest Only |
| Interest Only Period: |
Available from 1-10 years |
| Repayments: |
Fortnightly or Monthly (default:Monthly) |
| Repayment Method: |
Direct Debit, 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: |
Available. Owner Occupied & Investor. |
| 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 4. |
| Construction: |
AvailableStandard loan fees apply plus a Construction Fee of $830 and Drawdown Fees of $87 per drawdownConstruction interest rate loading applicable during construction period |
| 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.Annual Interest Paid in Advance Option available - Investors only. |
| Special Requirements: |
|