Loan purpose |
Loan purpose Purchase or Refinance of residential Owner Occupied or Investment security property. Other worthwhile purposes also considered
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Suitable Borrowers |
Suitable Borrowers Self Employed borrowers with an ABN for 2+ years. Must be GST registered. No Tax Returns required - only a declaration of income & affordability. PAYG co-borrowers OK. A clear credit history is essential. Companies & Trusts also considered.
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Loan Amounts |
Loan Amounts $50,000 - $1,000,000 per security
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Maximum LVR |
Maximum LVR Up to 80% of purchase price or valuation, whichever is less
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Loan Term |
Loan Term Up to 30 years
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Interest Rate Options |
Interest Rate Options Variable or Fixed : Split = Part Fixed & Part Variable : Interest Only up to 10 yrs or Principal & Interest up to 30 yrs
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Rate Reduction Feature |
Rate Reduction Feature Option of 0.10% rate reduction. See ‘Pro Pack’ profile for more information.
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Repayment Options |
Repayment Options Repayments are deducted from your nominated bank account weekly, fortnightly, or monthly. Direct Salary Crediting is available. In variable rate mode, extra repayments are allowed at any time without penalty
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Redraw Facility |
Redraw Facility Free & unlimited via telephone or internet banking in variable rate mode. Funds will be available in your nominated bank account 2-3 working days after the request is processed. 6 free manual or debit card transactions allowed per month
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Loan Statements |
Loan Statements Download a statement for free at any time via your internet banking. Statements are also posted semi-annually (end of year & end of financial year)
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Acceptable Securities |
Acceptable Securities Registered 1st mortgage over your residential owner occupied or investment property. Must be larger than 50sq.m and have a separate certificate of title. Postcode sensitive
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Portability |
Portability Transfer your loan to other suitable security property in the event you sell your existing security property provided a simultaneous settlement occurs. Fees & charges may apply.
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Construction |
Construction Vacant Land & Construction also available. Please ask for product profile.
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Establishment Fees |
Establishment Fees No ongoing or application fee. The only upfront cost is a standard valuation & legal fee. This cost will be outlined in your Letter of Offer. Statutory Government fees & charges apply.
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Exit Fees |
Exit Fees A Deferred Establishment Fee is payable when the loan is discharged within the first 5 years from the date of settlement
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Mortgage Insurance |
Mortgage Insurance The Mortgage Insurance Premium is payable by the borrower & may be capitalised onto the loan facility or deducted from the loan amount
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