VIP 90 VIP 90 (Principal & Interest) (Owner Occupied)
4.14%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 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 Owner Occupied in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.
- 15 - 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 repayments Fortnightly, Monthly, and Weekly.
- Interest Only Option
- Max Interest Only
- 0 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.
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
Firstmac is now offering owner occupied rates on investment loans of home loans when you package an Owner Occupied loan with an Investment loan. The offer applies to the Firstmac Vital 80 and VIP variable rate products. Firstmac VIP Package offers preferential lending rates with a wide range of additional benefits. $0 Annual Fee. The annual fee is waived for the life of the loan. Loan Features - Borrow up to 90% of the property value - Unlimited 24-hour, 7 days a week, access to your account online and by phone - Borrow up to $1M - Manage everything online including loan transactions and statements. Unlimited free redraws, direct debit, direct credits and bill payments available with the variable products. Flexible payment options - monthly, fortnightly or weekly. Principal and Interest repayments with Interest only term 5 Year option available for <80% LVR. Non-Resident, Vacant Land and Construction loans not allowed. Maximum number of splits are 10. Minimum split amount is $50k. 100% redraw offset account and VISA Debit cards available with variable VIP products (not available for corporate entities). Security Type: First Registered mortgage over residential property including: - Residential homes - Residential units and townhouses - Crown leasehold with term 5 years and beyond maturity of the loan - Rural residential housing up to 10 hectares (rural land zoned for residential occupation) - Units >50m2 - Community title
LMI required for >80% LVR. Maximum LVR is inclusive of any capitalised LMI.
Where the LVR is > 85%, at least 5% of the purchase price must be from genuine savings, and evident over a three-month period.
Documentation fee $200 Quoted fees are available for individual borrowers only. If the borrower is a company or trust, additional fees will be payable by the borrower. Valuation fee to be paid at cost quoted fee is an estimate, subject to change depending on postcode, value of property, type of property. Discharge fees are waived if loan is discharged at full term.