| PURPOSE |
Purchase or refinance of owner occupied
or investment residential property |
| TERM |
Up to 30 years |
| REPAYMENTS |
Principal and interest OR interest only
for 2,3, 5 or 10 years |
| FREQUENCY |
Weekly, fortnightly
or monthly. Extra payments can be made
at anytime. |
| CONVERT TO FIXED RATE |
At any time at no cost (subject
to 3 a/c maximum) |
| SPLIT
FACILITY |
Maximum 3
separate accounts under the one loan |
| REDRAW |
Unlimited redraw at no cost.
Minimum $50 when using Loan Service Line OR Loan Service
Net. |
| MAXIMUM
LOAN TO VALUE RATIO |
- 95% for loans up to $500,000 (some restrictions
may apply)
- 85% for loans over $500,000 (some restrictions may
apply)
|
FEES
Application fee
Government and
bank charges. Legal fees and disbursements
|
- $0 Establishment Fee
- $0 Valuation Fee
- $0 Lender's Legal Fee
- $0 Monthly Administration Fee
- Deferred Establishment Fee of 0.80% of initial principal
amount is payable if the loan is discharged within
4 years of settlement.
- For example, mortgage duty, registration fees and
property searches.
- You will have to pay costs associated with your
own legal fees and disbursements.
|
| OTHER CONDITIONS |
- All repayments to be made by electronic direct
debit &/or salary credit
- Lenders Mortgage Insurance is required for all EasyChoice
Home Loans residential property loans. The premium
is payable by the borrower only if the amount borrowed
is greater than 80% of the value of the property or
the loan amount is greater than $500,000
(Some conditions may apply)
- A security discharge administration fee of $500
is payable when you repay your loan in full.
|
| |
|
