Webdeal Advantage Loan is variable loan product offered with an outstanding interest rate.

Webdeal Advantage Loan is not your regular discounted home loan - the Advantage Loan is fully featured and includes unlimited free redraws, salary crediting and flexible repayment options.

Whether you are a :

• A first time home buyer
• Someone who wants to upgrade their existing home
• Looking for a better home loan deal or consolidating expensive debt
• An investor looking for a competitive variable rate loan -

the Webdeal Advantage Rate Loan was designed with you in mind.

 

Loan amounts	Minimum Loan of $50,000. Maximum loan of $2,000,000 (minimum of $25,000 in combination or split.)
Interest rate type	Variable rate only
Loan Term	10 to 30 years.
Repayment type	Principal and Interest (amortising) or Interest only up to 5 years.
Combination and splits	Up to 4 accounts splits are possible (will consider more) or combine with Fixed Rate Loan or Line of Credit loans.
Repayment options	Direct Debit or Salary Crediting either monthly or fortnightly. Internet or telephone transfers from pre-nominated account for additional repayments.
Additional repayments	Unlimited repayments available on variable rate loans.
Redraw facility	No minimum redraws via Internet or telephone banking to pre-nominated account on P& I accounts only.
Withdrawals	Cash withdrawals not available other than electronic transfers as above.
Salary crediting	Available on both Principal and Interest and Interest Only loans.
Switching Loans	Can switch all or part of loan limit to another product.
Frequency of Statements	Quarterly
Deferred Establishment Fee	During year 1      1.00% of original loan amount During year 2      0.80% During year 3      0.60% During year 4      0.40% During year 5      0.20% Year 6 onward    0.00%
Other Fees	0.33% Establishment Fee Inclusive of GST (calculated on total Loan Amount) $595 Settlement Fee
Substitution	Can substitute security within loan limit.

 

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