Flexible Option Std Variable Flexible Option Std Variable (Owner Occupied)
4.56%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 ["Bridging", "Construction", "Owner Occupied", "Vacant Land"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "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 repaments Fortnightly, Monthly, and Weekly.
- Interest Only Option
- Max Interest Only
- 7 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 Flexible Option Term Loan is a fully flexible loan with a competitive variable interest rate. The loan features extensive product flexibility to meet the needs of customers seeking variable rate finance. Loan Purpose: Purchase or refinance of an owner-occupied or investment property Debt consolidation, Any worthwhile personal or investment purpose, Refinance of business debts or assistance with purchase of business assets, Construction, Bridging finance. Additional Repayments: Variable Rate - Additional repayments may be made at any time. Direct Debit and Salary Credit available Fixed Rate Option - Maximum of $20,000 per annum in excess of normal repayments is permitted, after which break costs may apply. Redraw: Available - Variable only (minimum $500) Credit Increases: Available - (Minimum credit increase is $10,000) - Minimal updated information required Security: First registered residential mortgage Second registered residential mortgage may be considered as top up security
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%
Loans with LVR greater than 90% must attain a serviceability result of at least 1.2 .For 80% LVR> Adelaide Bank requires proof of 5% genuine savings demonstrated over a minimum 6 month period prior to application date.
Application Fee of $495 includes the cost of one property valuation up to $275. Additional valuation: $275. Contract Fee Standard Loan $150. Additional Split: $50. Legal Disbursements: $100. Approximate Solicitor Fees noted. Construction Loans - Progress Valuation $300 (same state) $750 (other), Construction fee $250, Inspection fee $98 (same state) $245 (other), Contract fee $250.