SmartFit Variable SmartFit Variable LVR <90% (Owner Occupied)
4.09%p.a Standard Variable
About Adelaide Bank
Repayments calculated to take into account ongoing monthly and anual fees.
- Monthly repayment*
- rate per annum
Loan to Value Ratio
Borrow up to the maxium of 90% of the value of the property.
Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.
However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.
- Capitalise LMI
For Bridging, Equity, and Owner Occupied in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.
- 5 - 30 years
The level of financial documentaion and credit history required to apply for the loan.
- Full Doc
- Credit History
- Genuine Saving
Save on interest repayments by holding spare cash in an offset account.
- Offset account
Get quick access to cash by drawing on the loan to pay for renovations or other purchases.
- Redraw Facility
- Min Redraw
- Redraw fee
Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.
Some features you may wish to consider include:
- an offset account;
- ability to make extra repayments;
- a redraw facility; and
- linked credit card and savings accounts;
- ability to split your loan between fixed and variable interest rates
- Offset Account
- Redraw Available
- Credit Card
- Internet Banking
- Telephone Banking
- BPay Option
- Portability of Loan
- Professional Pack
- Check Account
- Direct Salary Credit
- Free Transactions
- Minimum Redraw
- Redraw Fee
You can make your repayments Fortnightly, Monthly, and Weekly.
- Interest Only Option
- Max Interest Only
- 5 years
Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.
Monthly and annual fees and charges during the loan period.
- Ongoing Monthly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
The SmartSuite Home Loan is designed to provide a streamlined approach to home lending that will appeal to a broad range of customers. Both SmartFit and SmartFix offer a fully featured home loan with all the benefits of a 100% offset account, which allows the customer to see at a glance what their offset balance and loan balance is on their statement. Standard residential loan purposes such as: - Purchase or refinance of an owner-occupied or investment property - Debt consolidation - Equity loans for investment or personal purposes Go-Between Application restrictions: - No construction - No land - No company applicants - No trust applicants - No overseas applicants - No non-permanent Australian resident applicants - No applicants who have been self employed for less than 2 years. Repayments: Monthly repayments (irrespective of any additional repayments) must be made prior to or on the anniversary date of settlement. More frequent payments are permitted (weekly/fortnightly). Monthly repayments must be debited from the offset balance. Monthly Statement available. Principal and Interest: Principal and interest repayments are required during full term of the loan. Note: Standard scheduled repayments are required regardless of the offset benefit. Interest Only: LVR <90% Only Select up to 10 years interest only, converting to principal & interest for the remainder of the loan term. At the end of the initial interest only period a further
Interest only loans will revert to a 70% maximum Loan to Valuation ratio (LVR) inclusive of LMI for both owner occupied and investment loans. Go-Between/briding loans where IO is sought on the End Debt is subject to max LVR 70%
Genuine savings of 5% is required over a 3 month period on a Full Doc loan if the LVR is over 80%. Under 80% no genuine savings required.
Loan Variation Fee: $200 (refer to fees for further detail); Split Loan Fee: $100 per split; Search Processing Fee: $50 per search. Additional documentation fee $200 (consolidation of the additional security documentation fee and; company trust fee); Manual Redraw Fee: $0; Additional $200 app fee and end debt fees apply for Go-Between loans. Additional fees are payable if more than one security property.