Homeloans MoniPower LOC Homeloans MoniPower LOC (Owner Occupied)
4.92%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 Line of Credit, Equity, Owner Occupied, and Vacant Land in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.
- 1 - 25 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 repayments 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 Yearly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
SPECIAL OFFER Homeloans Ltd is waiving its $199 Application Fee for new loan submissions until further notice Also until further notice the Secured Visa facility attached to the Homeloans MoniPower LOC Product will no longer be accepted for loan applications submitted for above 80% LVR. For loans submitted equal to and below 80% LVR, the Secured Visa facility will continue to be available under the current guidelines. Fore more information, please contact your BDM. OTHER PRODUCT INFO: This Homeloans MoniPower LOC product is ideal for eliminating debt as quickly as possible by making your money work smarter for you. It allows easy access to funds via internet and telephone banking, cheque book, cashcard, ATMs, EFTPOS and giroPost. Both a Secured or unsecured Visa is available with up to 55 days interest free and Salary and other direct credits can be paid directly into the loan facility. Features: -Choice of Repayment Frequency -Interest capitalisation -Extra Repayments -Secured Visa
Max LVR 90% LMI can be capped above 90%. Max 95% LVR for o/oc purchases inclusive of LMI. Max 90% LVR for investment purchases, Refinance, companies and trusts, debt consolidation and vacant land. LMI required above 80% LVR . Max loan amounts for >80% LVR will vary for Genworth and QBE. Please refer to your BDM for further details.
$150 Loan processing fee quoted as Establishment fee. Additional contracts $50 for each loan split. Valuation cost nil for standard val up to $300 post conditional approval.