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Commercial Loan - Lifestyle Home Loans
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| Variable Rate: | 8.75% |
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| Comparison Rate: | |
| Type of Loan: | Variable Rate or Fixed Rate facility, for Strata or Torrens Title, Residential, Industrial, Retail or Commercial Property Purchases and Refinances. |
| Term of Loan: | 25 years. |
| Loan Size: | 75% LVR $100,000.00 to $2,000,000. 70% LVR $2,000,000.00> |
| Direct Salary Crediting: | N.A. |
| Interest Rate Options: | Variable Principal & Interest. Variable Interest Only 1 - 5 years. Fixed Principal & Interest 1 - 5 years. Fixed Interest Only 1 - 5 years. |
| Repayment Frequency: | Monthy |
| Additional Repayments: | Variable rate loans can be reduced by up to 25% of the original loan without cost. |
| Redraw: | $5,000.00 minimum redraw amount. |
| Split Loan Facility: | Maximum 3 splits, minimum of $50,000.00 per split. |
| Convert To Fixed Rate: | You can switch to a fixed rate at any time. (a fee will apply) |
| Monthly Fees: | Nil. |
| Application Fee: | 1.0% of loan amount. |
| Valuation & Legal Fees: | Payable by borrower. |
| Transaction Fees: | $50.00 per redraw. |
| Unused Facility Fee: | N.A. |
| Early Repayment Fee: | Early repayment fee of 1 months interest after 5 years, reducing to nil after 7 years. |
| Lenders Mortgage Insurance: | N.A. |
The Comparison Rate is based on a loan of $200,000.00 for 30 years, fees and charges may be payable, a Comparison Rate schedule is available in the premisies.
Warning: The Comparison Rate applies only to the example given different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and costs savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.
