Homeloans Ultra Plus 80 Homeloans Ultra Plus 80 $200K-$499K (Interest Only) (Owner Occupied)
3.94%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 ["Construction", "Equity", "Owner Occupied", "Vacant Land"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].
- 5 - 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 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 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 OTHER PRODUCT INFO: No owner builder for vacant land . The Homeloans Ultra Plus is a fully featured loan for purchase, refinance or debt consolidation. Features; -Redraw -Extra Repayments -Monthly credit card sweep -Choice of Repayment Frequency Cash Out is available as per following: LVR up to 80%: Unlimited. LVR >80%: Subject to LMI Insurer. Some conditions apply. Once P&I option is selected, P&I repayments are required for the term of the loan. Interest only converts to P&I after maximum of 5 years for the remainder of the time. Please do not hesitate to contact your BDM for further info RATE LOADING MAY APPLY TO LOANS <$200,000, PLEASE REFER TO INTEREST RATE CARD IN DOCUMENT LIBRARY
LMI not applicable.
Homeloans covers the cost of 1 std valuation per app on the Ultra range. All Homeloans accredited brokers will be entitled to 1 free std val up to $300 per app. Non-std vals and additional vals will be charged to the borrower. Loan processing fee quoted as Settlement Fee. Free redraw via internet, telephone, ATM, EFTPOS or Direct Credit. Manual redraw fee $45. A $300 Construction Drawdown Fee will apply and be debited to the loan prior to the first progress pa