| Interest Rate |
Super Low 7.62% |
| 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. |