Flexible Option LOC Flexible Option LOC (Owner Occupied)
5.15%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 Line of Credit, Equity, and Owner Occupied in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.
- 10 - 25 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 Monthly.
- 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
There are two target markets for a Line of Credit - Principal & Interest: For the customer that wants to pay down their loan as quickly as possible. This loan builds the discipline of a traditional term loan into the flexibility of a line of credit, because the credit limit amortises over the loan term. Interest Only: For the customer that wants to build their wealth by accessing home equity for investment in property or shares. The credit limit remains constant for the 7 year interest-only period before amortising for the remaining loan term. Revolving Line of Credit loan that gives you the freedom to package your finances into an easy to manage loan. The Solution Loan Line of Credit can assist paying debt off faster by minimising interest costs and bank fees. Credit increases minimum $10,000 Monthly repayments must be made prior to or on the required date (28 days after statement was produced) Loan Purpose: Purchase or refinance of an owner-occupied or investment property Debt consolidation Any worthwhile personal or investment purposes including unspecified cash out purpose (conditions apply) Refinance of business debts or assistance with purchase of business assets Visa facility: Secured Visa available, maximum limit $20,000 Maximum LVR for Secured Visa is 80%. Loan term: Principal & Interest 25 year term Interest Only 7 years interest only, then 15 years Principal & Interest
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) 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% 70% maximum loan to valuation ratio (LVR) for owner occupied and investment interest only lending
Valuation fee included in Application fee. This offer covers per loan - one standard valuation (up to $275). $150 Contract fee.