Alternate Prime PLUS Alternate Prime PLUS LVR >90% up to 95%
5.34%p.a Standard Variable
About Australian First Mortgage
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 95% 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 Investment 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 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
A basic home loan range with low variable interest rates and flexible repayment options. The PLUS home loan includes a 95% product with non-genuine savings and the option to obtain cash out up to 90%. Maximum Land Size: 25 acres Vacant land max 2.5 acres Lending Areas: - Categories 1-4 - Vacant land (residential only in categories 1-2) Loan Purpose: - Purchase - Refinance - Debt Consolidation (max 4) - Cash Out up to 90% (No business use) Repayment Method: - Direct Debit (w, f, m) - Direct Credit Unlimited free redraws via Loan Service Net. Minimum manual redraw amount is $1,000 and minimum online redraw is $50. Income Documentation (PAYG): - Last 2 pay slips plus one of the following: Letter of employment, tax assessment notice, 3 months bank statements or latest group certificate Income Documentation (Self-Employed): - Last 2 years tax returns - Last 2 years tax assessment notices
Max LVR: 95% for purchases only. 90% for all other loans. Max loan amounts: $2M up to 70% LVR $1,5M up to 75% LVR $1M up to 80% LVR $750K up to 90% LVR $650K up to 95% LVR
$499 Establishment excludes valuation. Disbursements to be paid on top of quoted legal fee. Valuation fee of $275 applies to properties up to $1M and above $1M to be referred to BDM. Other fees and charges may be payable. A copy of all fees and charges are available upon request.