Classic Club LOC Classic Club LOC (Owner Occupied)
6.21%p.a Standard Variable
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 80% 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 Line of Credit and Owner Occupied in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.
- 10 - 30 years
The level of financial documentaion and credit history required to apply for the loan.
- Full Doc
- Credit History
- Genuine Saving
- Not Required
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 Monthly.
- 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 Classic Club offers customers the option of a combination of variable, line of credit and fixed rate loans for personal or business purpose using residential property as security. Target Market Customers who are looking for a flexible home loan under $100,000. Products Available - Introductory Classic Variable Rate Loan - Classic Variable Rate Loan - Classic Line of Credit - 1,2,3 & 5 Year Fixed Rate Loan Key Features - Minimum loan amount $40,000. - 1,2,3 and 5 Year Fixed Rate Loans also available with variable rate discounts applying after the fixed rate period. - Up to 10 splits (each split minimum amount $10,000). - No Package fee - Monthly Account Management fee of $10 on variable rate loans provides 15 included transactions free1 per month. - Monthly Account Management fee of $10 on lines of credit provides 25 included transactions free per month. - Up to $10,000 in additional repayments per 12 month period can be made on the fixed rate loans without penalty. - Available for personal or business purposes in personal, company or trust names. Access to variable rate loans and lines of credit via: - ATM and eftpos with your Access Card - Internet banking, Mobile banking, and BankPhone - Pay your bills with BPay - Bank@Post availablitiy with your Access Card - Cheque book (available on lines of credit only)
Maximum LVR 80%. LMI is required >80% for metro. Zone 4 properties require LMI regardless of LVR. If LMI is required, maximum LVR is 80% inclusive of any LMI.
Guarantor Fee (if applicable) $200 Rework Fee (for reworks after formal approval) $100 Non-standard legal costs at cost - Establishment fee $350 - Settlement fee $250 - $10 Monthly Account Management fees - Loan Split fee $75 pa payable on each additional split commencing the first anniversary after settlement. - No Annual Package fee - Solicitors fee $295 Valuation fee is payable when the valuation costs are in excess of: Valuations <$1 million Metropolitan areas $220 Non-Metr