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Premium Loan - Lifestyle Home Loans
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| Variable Rate: | 6.99% |
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| Comparison Rate: | 7.04% |
| Type of Loan: | Variable rate or fixed interest rate loan, for the purchase or refinance of owner occupied or investment properties. |
| Term of Loan: | 30 years |
| Loan Size: | $30,000.00 to $4,000,000.00 |
| Direct Salary Crediting: | Have your regular income paid directly into your home loan account, and use your redraw facility by phone or internet banking, or direct card to access your money when needed. |
| Interest Rate Options: | Variable Principal & Interest. Variable Interest Only 1 - 10 years. Fixed Principal & Interest 1 - 5 years. Fixed Interest Only 1 - 5 years. |
| Repayment Frequency: | Weekly, Fortnightly or Monthly. |
| Additional Repayments: | Can be made by direct debit, by direct salary credit or funds can be transferred into loan account by Bpay using Internet or Telephone Banking. |
| Redraw: | $1.00 minimum redraw, funds are transferred into nominated bank account, by direct debit using telephone or internet banking, or direct card via ATM or EFTPOS. |
| Split Loan Facility: | You can have up to 4 separate accounts |
| Convert To Fixed Rate: | You can switch to a fixed rate at any time. |
| Monthly Fees: | Nil. |
| Application Fee: | Nil |
| Valuation & Legal Fees: | Valuation Fee $220.00, Legal Fees $475.00 |
| Transaction Fees: | Unlimited free standard transactions per month. Six (6) free non-standard transactions per month. Some fees will apply once this amount is exceeded in any single month. |
| Unused Facility Fee: | N. A. |
| Early Repayment Fee: | An early repayment fee is payable if the loan is repaid in full and discharged within the first 5 years. The fee is equivalent of a monthly payment. |
| Lenders Mortgage Insurance: | Premium is payable by the borrower when the LVR is greater than 80%. |
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.
