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Lo-Doc 80 - Lifestyle Home Loans
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| Variable Rate: | 7.62% |
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| Comparison Rate: | 7.67% |
| Type of Loan: | Loans for self employed borrowers without financial statements, for investment residential property purchases and refinancing existing residential properties. (minimum 2 years self employment) |
| Term of Loan: | Maximum Term of 30 Years |
| Loan Size: | 80% LVR $30,000 to $1,000,000 |
| Direct Salary Crediting: | Have your regular income paid directly into your 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 1-10 years. Fixed principal & interest 1-5 years Fixed interest only 1-5 years |
| Repayment Frequency: | Weekly, fortnightly or monthly, day and date of repayment can be nominated. |
| Additional Repayments: | Can be made by direct debit, by direct salary credit or funds can be transferred into loan account by Bpay using internet or telephone banking. Not available on Fixed Loans. |
| Redraw: | $50.00 minimum redraw amount, funds are transferred to nominated bank account by direct credit within (1) business days. Can be arranged using telephone or internet banking. |
| 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: | No monthly administration fees. |
| Application Fee: | Nil. |
| Valuation & Legal Fees: | Valuation Fee. $220.00 Legal Fees. $475.00 |
| Transaction Fees: | Unlimited free transaction per month. |
| Unused Facility Fee: | Not applicable. |
| Early Repayment Fee: | An early repayment fee is payable if the loan facility is repaid in full and discharged within the first five years. The fee is equivalent to 1.2% of the original loan amount. |
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.
