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Advantage Loan. - Lifestyle Home Loans
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| Variable Rate: | 7.13% |
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| Comparison Rate: | 7.23% |
| Type of Loan: | Variable rate or fixed rate loan, for owner occupied or investment property purchases, and refinancing of existing residential or investment properties. |
| Term of Loan: | 30 years |
| Loan Size: | $50,000.00 to $2,000,000.00 |
| Direct Salary Crediting: | Have your regular income paid directly into your home loan account, and use your redraw facility by phone or internet banking to access your money when needed. |
| Interest Rate Options: | Variable Principal & Interest. Variable Interest Only 1 - 5 years. Fixed Principal & Interest 1 - 5 years. Fixed Interest Only 1 - 5 years. |
| Repayment Frequency: | Fortnightly or Monthly by Direct Debit, or Direct Salary Crediting. |
| Additional Repayments: | Allowable with no limit. |
| Redraw: | No minimum redraws via Internet or Telephone Banking to pre-nominated account. |
| Split Loan Facility: | You can have up to 4 separate accounts on the one loan facility. |
| Convert To Fixed Rate: | You can switch to a fixed rate at any time. |
| Monthly Fees: | $120.00 per annum. |
| Application Fee: | $75.00 settlement fee. |
| Valuation & Legal Fees: | $595.00 |
| Transaction Fees: | Unlimited transactions. Swept from All-One-Account on the 1st day of each month with unlimited free transactions. ATM & EFTPOS access. |
| Unused Facility Fee: | N. A. |
| Early Repayment Fee: | A defferred administration fee will be charged if the loan is repaid in full within the first 5 years. |
| Lenders Mortgage Insurance: | Only required where LVR exceeds 80%, premium is payable by the borrower. |
The Comparison Rate is based on a loan of $200,000.00 for 30 years, fees and charges may be payable, a Comparison Rate schedule is available in the premisies.
Warning: The Comparison Rate applies only to the example given different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and costs savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.
