Homeloans Accelerate Prime Plus Homeloans Accelerate Prime Plus LVR >85% up to 90%
5.04%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 ["Equity", "Investment", "Owner Occupied", "Vacant Land"], 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
- 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
For new customers: 100% offset sub-account with optional Visa Debit card The Homeloans Accelerate Prime and Accelerate Prime Plus product has been specifically tailored to suit the needs of borrowers who fall outside the mortgage insurance and banking guidelines. The Accelerate Prime Plus product is available to 95% LVR with non-genuine savings as well as the option to obtain cash out up to 90% LVR. - 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) Note, there is a rate loading on the Accelerate Prime Plus option for non-genuine savings. Features: Redraw? To 95% LVR for purchases No Genuine Savings option Choice of Repayment Frequency? Extra Repayments Loan Purpose: Purchase of owner occupied and investment (if LVR >90% must have NSR of at least 1.25%) Up to 90% LVR for Refinance, vacant land (see Lending Areas below for additional information), Debt Consolidation, Cash out Accelerate Plus product only (No business use or for ATO debts). The loan amount inclusive of the Lender Protection Fee and any other associated fees cannot exceed 95% LVR for purchases and 90% LVR for all other purposes. Available for individuals, Companies and Trusts. Max Land Size: 25 acres Must include a dwelling Lending Areas: Categories 1-4 Vacant Land (residential dwelling only in categories 1-2). Max LVR 90%, max land size 2.5 acres Income Documentation (PAYG): Last 2 payslips Letter of employment, tax assessment notice or last group certificate Income Documentation (Self-employed): Last 2 tax returns Last 2 years tax assessment notices IO loan terms of 1-5 years. Weekly, fortnightly and monthly repayments via Direct Debit, Direct Credit. Additional Repayments allowed. Min manual redraw: $1,000, online: $50. No redraw fee Loan Statements: Six Monthly
Lender protection fee Applicable when LVR is above 80%. Max loan amount $2M (up to 70% LVR), $1.5M (>70% up to 75%), $1M (>75% up to 80%), $750K (>80% up to 90%), $650K (>90% up to 95%).
Genuine Savings Not required
Solicitor Fee does NOT include disbursements. 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. Additional fees and charges may apply for complex loan structures.