Flexible Option LOC Flexible Option LOC (Owner Occupied)
4.97%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 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 ["Line of Credit", "Equity", "Owner Occupied"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].
- 10 - 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 repaments Fortnightly, Monthly, and Weekly.
- Interest Only Option
- Max Interest Only
- 10 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 Yearly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
The Flexible Option is a standard home loan with numerous features to suit a large range of home owners. Borrowers have the option of choosing from a range of features including offset accounts, internet and phone transacting - coupled with competitive pricing. The product allows for large loan sizes, with no evidence of income other than a one page declaration. Highly suitable for self-employed borrowers or those that cannot evidence income. This loan is suitable for clients looking to purchase an investment property, a home to live in, refinance their existing mortgage or consolidate their debts. Unlimited redraw transactions (min. $500 per transaction) $50 fee applies for manual requests - LMI capitalisation available on P&I loans - Unlimited redraw transactions - Up to 55 day interest free Visa card available - Low interest rates - No genuine savings requirement up to 80% LVR Other Notes: - ABN required for all self employed applicants held for a minimum of two years - Vacant land permitted - Funder will contribute $20 per month to transaction fees on Offset accounts - Unlimited transactions at any Bendigo and Suncorp ATM *Contact your BDM for all other products and fixed rates.
Max LVR 95% up to $750,000 80% up to $2M (subject to LMI guidelines & location).LMI can be capitalised.90% LVR on Interest Only (plus LMI Capitalisation) 95% LVR P&I repayments only.Savings of 5% saved over 6 month period required prior to application date if LVR exceeds 80%.LMI is no longer required for Category 3 locations under full doc policy only where LVR is less than 80%
Application Fee of $495 includes the cost of one property valuation up to $275. Additional valuation: $275. Contract Fee Standard Loan $150. Construction Loan: $250. Go Between: $250. Additional Split: $50. Legal Disbursements: $100. Approximate Solicitor Fees noted. Fee may vary slightly depending on Solicitor/Funder. Additional Mtge Stamping & Rego fees may apply. Refer to Lender Loan Contract for full fee details.