Loan purpose |
Purchase, Refinance or Home Improvement of Residential Owner Occupied property.
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Suitable Borrowers |
Self Employed borrowers with an ABN for 2+ years. Must be GST registered for a minimum of 12 months. No Tax Returns required however declared income must be supported by last 12 months lodged BAS statements together with past 6 months primary bank statements. PAYG co-borrowers OK. A clear credit history is essential. Companies & Trusts also considered.
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Loan Amounts |
$50,000 - $1,000,000 per security
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Maximum LVR |
Up to 80% of purchase price or valuation, whichever is less
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Loan Term |
Up to 30 years
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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 |
Option of 0.10% rate reduction. See ‘Pro Pack’ profile for more information.
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Repayment Options |
Repayments are deducted from your nominated bank account weekly, fortnightly, or monthly. BPay & Direct Salary Crediting is available. In variable rate mode, extra repayments are allowed at any time without penalty
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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 |
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 |
Registered 1st mortgage over your residential owner occupied property. Must be larger than 50sq.m and have a separate certificate of title. Postcode sensitive
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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 |
Vacant Land & Construction also available. Please ask for product profile.
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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 |
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 |
The Mortgage Insurance Premium is payable by the borrower & may be capitalised onto the loan facility or deducted from the loan settlement proceeds
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