Homeloans Accelerate Homeloans Accelerate LVR >90% up to 95%
7.59%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 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", "Owner Occupied"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].
- 10 - 40 years
The level of financial documentaion and credit history required to apply for the loan.
- Full Doc
- Credit History
- Non Conforming
- 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 repaments 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
LMI waiver fee discount until 16 September 2016 - 0.50% off all of Near Prime and Specialist LMI Waiver Fees (Accelerate Red and Accelerate) For new customers: 100% offset sub-account with optional Visa Debit card Rate loading may apply to applications considered on an exceptions basis. The Homeloans Accelerate has been specifically tailored to suit the needs of borrowers who fall outside the mortgage insurance and banking guidelines. Types of borrowers that may fall into this category include: self-employed borrowers, credit impaired borrowers, contract workers and other applicants who do not fit into mainstream products, or borrowers who have reached their exposure with mortgage insurers. Available for Individuals, Companies & Trusts. Purposes allowed include: - Purchase - Refinance - Debt Consolidation - No Limits - Cash out - Up to 90% Full, Part Time or Contract PAYG employment (Minimum 12 months continuous employment in the same industry or minimum 6 months with current employer) - Business Purposes Key Benefits: - No Lenders Mortgage Insurance. LMI Waiver Fee applies to all loans. - Unlimited Adverse credit (paid or unpaid) registered over 12 months prior to application is considered - No limit on the number of debts that can be consolidated - Available for refinance, including Non-Conforming, Private and Solicitor Loans - No genuine savings required - Child support and Family A & B benefits accepted with no age restrictions - Loan terms available up to 40 Years Features: - Redraw (Minimum $1,000). Processed via Client Services & Fax - NIL Fee - Choice of Repayment Frequency - Extra Repayments Allowed - Credit Impairment Owner occupied purposes must be principle and Interest with min loan term of 10 and max loan term of 40 years Max 5 years of IO term converting to Principle and interest for the remainder of the term. Repayments via Direct Debit. Loan Increases available after 6 months.
LMI not applicable. Refinance (Max LVR 85% inclusive of capped LMI Waiver Fee). $2,500,000 (up to 65% LVR) $2,000,000 (up to 70% LVR) $1,750,000 (up to 75% LVR) $1,250,000 (up to 80% LVR) $750,000 (up to 90% LVR) $650,000 (up to 95% LVR) The loan amount inclusive of the LMI Waiver Fee and any other associated fees cannot exceed 95%LVR. LMI Waiver Fee applies to the following LVR's: Up to 65%: 0.00% >65% up to 70%: 0.50% >70% up to 75%: 0.75% >75% up to 80%: 1.00% >80% up to 95%: 1.50%
Solicitor Fee does NOT include disbursements. Title Protection Fee is $400. Valuation cost payment required following conditional approval. Quoted valuation fee of $260 is the average cost of valuation. The borrower/s will be charged the exact cost of the valuation.