Homeloans Envizion Recharge 80% Homeloans Envizion Recharge 80% (Interest Only)
6.74%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 80% 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", "Vacant Land"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].
- 0 - 40 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
Loans >$1M have 0.25% rate loading. Vacant Land has 1% rate loading. The Homeloans Envizion product has been designed for both PAYG and Full Doc Self-Employed borrowers or business owners looking for a loan to be considered on its merits rather than a credit score. The product is ideal for borrowers looking to buy or refinance their home or investment property or generally apply for other loan purposes including cash out, debt consolidation or payment of tax debt. Given every applicants situation is different, this product is tailored for a common sense credit assessment approach catering for a flexible, responsive and simple lending solution. Credit History: Mortgage arrears - Late repayments up to 30 days Defaults/Judgments/Writs and Summons - All <$1,000 and Registered >2 years Bankruptcy - Part IX and X Discharged 18 months (no new impairments since) Allow discharge bankrupt >3 years (with no new impairments) Security Locations: Cat 1 and 2 only Cash Out: <$250k stated purpose only >$250k borrower stat dec. Income evidence: PAYG Applicants - any 2 of the following documents are required - YTD payslip covering a minimum of 2 pay cycles (dated within 6 weeks of application) - Most recent group certificate or tax assessment notice - Letter of employment (on company letterhead detailing gross and net base salary, length and mode of employment) - Bank statement with detailed narrative covering 2 recent pay cycles Self employed applicants - Full Doc - 2 years certified tax returns and financial statements (profit and loss and balance sheets) - ATO notice of assessment Repayment method: - Direct Debit - BPAY for additional payments only
Capitalisation of Risk Fee does not alter the original LVR for rate purposes
** Settlement fee ($975) an Legal and Admin fee ($895) waived for submissions until 31 October 2016. Loan increases legal and admin fee $550 Risk fee only applied to increase amount 1.50%