Basic Flyer Home Loan up to Basic Flyer Home Loan - (up to $749K) LVR >90% (Principal & Interest) (Owner Occupied)
4.24%p.a Standard Variable
About Macquarie Bank
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 ["Construction", "Owner Occupied"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "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 repaments Fortnightly and Monthly.
- Interest Only Option
- Max Interest Only
- 0 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.
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
Features: - Basic Flyer Home Loan has no account management fees. - Multiple loan sub-accounts: Manage your finances using up to two sub-accounts. Splitting your loan into sub-accounts means you can choose different features for each account, including fixed or variable rates and principal and interest or interest only sub-accounts, giving you the flexibility to structure your loan to suit your needs. - Additional repayments: Make additional repayments as often as you like on variable rate loans and up to five per cent per year on fixed rate loans. A redraw facility is also available on variable rate loans, allowing you to pay extra money into your loan that you can take out later if you need it. - Family guarantee: The family guarantee option allows an immediate family member to use the equity in their property to support your loan application. (Only applicable to Basic loan products with limited guarantees. Approval is subject to MBLs normal credit criteria. This feature is limited to variable Principal & Interest repayments. Loan and LVR limitations apply. The maximum LVR is 85 per cent). - Build or renovate: Borrowed funds can be used to build your home on new or existing land, or to renovate your existing home. For construction loans, at the end of the construction period the interest rate will revert to the discount variable rate applicable at that time and loan repayments will revert to principal and interest. The offset feature is not available.
LMI payable if LVR >80%. Purchase Owner Occupied P&I max LVR 95% inclusive of LMI capitalisation. Purchase/Equity release/Refinances max 90% inclusive of LMI capitalisation. Owner Occupier Interest Only max 80% inclusive of LMI capitalisation. Maximum loan amount $5m at <=70%, $2,000,000 at 80% LVR, $850k at 90% LVR, $750k at 95% LVR (Only available for Owner Occupied, must be purchase and P&I only, not applicable for IO)
Evidence of savings required(minimum 5% where LVR is greater than 85%, minimum 10% for investment loans where LVR >85%). A minimum deposit of 15 per cent required for loan amount greater than $2,000,000
Construction administration fee: $699 (=$400,000 ) $999 (>$400,000) $110 Valuation update fee payable if original valuation was obtained 3 months or more before settlement.Fee-free upfront valuations Available for property loans up to $2 million. $50 Manual Redraw / Advance Fee payable for overnight redraws. $60 General consent fee payable for loan conversions from IO to P&I; I or P&I; I to IO. Excludes any statutory costs. Fees: The $363 Standard Documentation fee will be waived for