Line of Credit Flyer Home Loan Package up to Line of Credit Flyer Home Loan Package - (up to $749K) LVR 80% (Owner Occupied)
4.14%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 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 ["Line of Credit", "Equity", "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
- 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
To be eligible for the discount variable rate on Package loans, borrowers must apply for and activate their Macquarie Bank credit card as part of the Package. To retain the discount, borrowers must keep Macquarie Bank credit card open for the life of the loan. Terms, conditions and limitations apply to Package loans. For more information, refer to the Macquarie Package Terms and Conditions. Fee-free upfront valuations Available for property loans up to $2 million The Line of Credit Flyer Home Loan Package allows the equity value of a property to be accessed for other purposes. Plus borrowers could be rewarded with Qantas Points as detailed below (Not available on loans to Self Managed Superannuation Funds or during the construction period of a loan. Terms, conditions and limitations apply. For more information, refer to the Macquarie Bank Flyer Home Loan Terms and Conditions , which are available at macquarie.com.au/flyerloanterms). Borrowers will receive: - 10,000 Qantas Points for every $100,000 drawn down at settlement as an introductory gift (calculated to the nearest point) - 1,000 Qantas Points each month you have an outstanding loan balance of at least $150,000 on the last business day of the month - 25,000 bonus Qantas Points on the third and fifth anniversaries of your loan, calculated from the day of settlement, as long as your outstanding loan balance is at least $150,000 on the last business day of the anniversary month. Features: - Global
No LMI required. 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) - Max LVR 80% for all owner occupied interest only loans including line of credit
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
$110 Valuation update fee payable if original valuation was obtained 3 months or more before settlement $50 Manual Redraw / Advance Fee payable for overnight redraws. $60 General consent fee payable for loan conversions from IO to P& I or P& I to IO. Excludes any statutory costs. For optimum package 1 general consent fee associated with a variation is waived per year. Fees: The $363 Standard Documentation fee will be waived for all lodgements. If other costs are incurred relating to the docu