We have cut all fees to the bone. With Webdeal Home Loans you will NOT PAY:

• Application fees
• Valuation fees (on Standard Valuations )*
• Legal fees **
• Redraw fees
• Additional repayment fees
• Annual Fees or
• Monthly Ongoing fees

You will pay a single $595 Settlement fee with all applications.
Other fees and charges may apply as set out below or as described in specific loan product schedules.
 

New Applicants

Individual Applicant Fee	Nil
Valuation Fee	Nil for the first property for Standard Valuations. * Note: Estimated applicable valuation fee will be collected at time of application and the standard $220 valuation will be refunded to the applicant on settlement.
Additional Valuation Fee	$275 per each additional security
Guarantee Fee	$135/Guarantee – For applications where a 3rd party guarantor is required
Company Applicant Fee	$135/Company applicant
Trust Applicant Fee	$135/Trust applicant
Legal Fee	Nil
Re-documentation Fee	$110
Settlement Fee	$595
Legal Disbursements	$115 - $180 - Depending on the number of securities, bank cheques required and the settlement location
Special attendances	$150 consent to 2nd mortgage. Additional valuation and documentation fees may be required

Variations
 

Increase in loan Principal	$250 plus additional valuation (if required) for increases over $100,000
Small Increase Fee	$125 plus additional valuation (if required) for increases under $100,000
Loan Switching Fee	$125 for changes in product, limit adjustments or loan repayments types
Additional Statement	$7 per statement page copy
Default fees	$100 for each month account remains $200 in arrears

Other Fees
 

Non Proceeding Fee

If applicant decides not to proceed after valuation has been ordered (for whatever reason) the valuation advance collected from the applicant will be retained as Non Proceeding Fee. Additional charges may apply if loan agreements have been issued or additional valuation costs incurred.

Exit Fees
 

Discharge fees	$250 plus legal fees and any deferred establishment fee
Deferred establishment fees	Refer to individual product specifications

Transaction Fees
 

Withdrawals, deposits, cheques and redraws fees	Funding is provided by ING. Currently ING does not charge any transaction fees but there is provision to do so in the future should they decide to. A redraw fee may apply on fixed rate loans paying interest only.
Additional repayments	Unlimited additional repayments with no fees. Max $10,000 p.a for fixed loans without incurring break fees.

* Standard Valuations
- Are up to $220 including GST and cover property up to $500,000 in value approximately.
- Where valuation costs are greater than $220, the difference will be paid by borrower.

** Legal Fees
No Legal Fees are payable but out of pocket disbursement expenses incurred by our lawyers at settlement such as title searches on security properties, postage costs, bank cheque fees etc will apply. These expenses range between $115.00 to $180.00, depending on the number of security properties, number of bank cheques required, and the settlement location.

 

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