Features

Key Features

Land Only – No Time Restrictions

Construction – No Time Restrictions

Non Genuine Savings

Reduction of up to 0.10%

Variable Interest Rate

Fixed Rates available

p

Available Australia wide

p

Minimum Loan Size

$30,000

Maximum Loan Size - Standard

$2,500,000

Maximum Loan Size – Non Genuine

$750,000 at 95%

Maximum Loan Size – Non Resident

$750,000 at 75%

Maximum Loan to Value Ratio with Mortgage Insurance

95%

Capitalisation of Mortgage Insurance available (only Non Genuine Savings)

Up to 97% LVR

Mortgage Insurance payable by Borrower on all LVRs greater than 80%

p

Additional Payments without penalty

p

Redraw Facility

p

Cost for Redraw

$0

Minimum Redraw (manual)

$2000

Minimum Redraw (internet)

$0

Split Loan Available

p

Number of Splits available

4

Line of Credit

p (Standard Loan Only)

Purpose

Purchase / Refinance Owner Occupied Home

p

Purchase / Refinance Investment Property

p

Debt Consolidation

p

Property Renovation / Improvement

p

General Investment Purposes

p

Business Purposes

x

Construction fixed price contract – No Loading

p (Standard Loan Only)

Construction investment owner builder (max 50% LVR) – No Loading

p (Standard Loan Only)

Vacant Land – No Loading

p (Standard Loan Only)

Set up Costs

Establishment Fee

$275

Application Fees

$0

Valuation Fee

$245 (Standard Valuation)

Legal Fees

$407 ( Ex Disbursements)

Ongoing Fees

$330 per annum

Statements

6 Monthly

Full Internet Account Management

p

Payment Options

Principal and Interest

p

Interest Only

p

Maximum Interest Only Option

10 Years