Homeloans MoniPower Standard Variable Homeloans MoniPower Standard Variable (Owner Occupied)
4.49%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 Bridging, Construction, Equity, Owner Occupied, and Vacant Land in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.
- 1 - 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
- 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
SPECIAL OFFER Homeloans Ltd is waiving its $199 Application Fee for new loan submissions until further notice OTHER PRODUCT INFO: The Homeloans MoniPower product is a fully featured loan for purchase, refinance and debt consolidation. The option of Bridging finance is also available. Features: - Redraw (Not available during Go Between period) - Choice of Repayment Frequency - 100% offset account with no ongoing fees ( Repayments must be debited from the offset balance). - Product Split - Extra Repayments - Go Between bridging finance available ( Max LVR 85%, Minimum loan amount $20K) Up to 5 Years Interest Only, converting to P&I for the remainder of the term. Investment Loans: I/O repayments are capped to a maximum of 90% LVR during a Fixed rate IO period, the I/O term must be the same or longer than the fixed rate period. Repayment frequencies of weekly, Fortnightly, Monthly with options of Direct Debit, BPay or salary crediting. Additional Repayments are allowed . Borrower: Self employed or PAYG, non resident, company and trust borrowers acceptable . Company Title & Studio/Serviced apartments excluded. At the expiration of the fixed term, the loan reverts to the standard variable rate Borrowers may apply to convert to a fixed rate at any time and rate conversion fee may apply. Borrowers may re-fix the loan free of charge within 14 days of expiration, or any time after that for which a rate conversion fee applies.
Max LVR 95% inclusive of any capitalised LMI for Owner Occupied. Investment 90%, Refinance 90%, Vacant Land 90%, Construction OOC 95% inclusive of any capitalised LMI. Interest Only Max LVR is 70% inclusive of any capitalised LMI. (except for Construction & GoBetween/ Bridging phase where loan reverts to P&I)
Must be 5% for LVR greater than 80%. This incudes EFM. For LVR < 80% there are no genuine savings requirements. Excluded from genuine savings are Gifted and borrowed amounts, FHOG and rental payments.
Valuation cost nil for standard val up to $300 post conditional approval Loan Processing/Contract Fee $150 Additional Contracts $50 Solicitors fee - No cost to borrowers for standard loans only (individual borrower (s), and a single security property.) Includes document preparation, search fees, bank cheques, postage and all other sundries. Solicitors fees on all other non standard loans (e.g. additional securities, companies, guarantees, trusts etc) are subject to higher fees.