Offset Flyer Home Loan Package Offset Flyer Home Loan Package - LVR >70% to 80% (Interest Only) (Owner Occupied)
4.59%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 Construction, Equity, and Owner Occupied 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
- 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
- Internet Banking
- Telephone Banking
- Credit Card
- BPay Option
- Portability of Loan
- Professional Pack
- Check Account
- Direct Salary Credit
- Free Transactions
- Minimum Redraw
- Redraw Fee
You can make your repayments 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
Repayment type Monthly only until further advice. Earn Qantas Points by selecting the Flyer feature refer to MBMS website for benefits. A low interest home loan with no application or ongoing management fees. Includes: - Up to six loan accounts, with varying rate and repayment types - Make extra repayments - No application, ongoing management or redraw fees - Repayment break if clients have made extra repayments and have a legitimate reason Add on optional features such as: - Family guarantee (This feature is limited to variable principal and interest repayments. Loan and LVR limitations apply.) - Construction (variable only) - Earn Qantas Points on the loan - Macquarie Credit Card with the first year annual cardholder fees waived Additional payments of up to $10,000 can be made each year of the fixed term. Additional payments above this maximum may incur break costs. The 12 month period is calculated from the date the fixed term commenced. Payment method: Direct Debit, Salary Credit/Funds Transfer manual repayment to be arranged by the borrower each repayment cycle. Redraw unavailable during fixed period. Loan Amounts: Metro CAT1 - 75% $5M, 80% $2M, 90% $1.1M, 95% $850K Regional CAT2 - 75% $750K, 80% $750K, 90% $600K, 95% $500K National CAT3 - 75% $500K, 80% $500K, 90% $450K, 95% $350K These are final loan amounts and LVRs including any LMI/LDF capitalisation. Loan amounts >$1M up to $2M can be considered up to a maximum LVR of 80% on a CBC
No LMI required for <80% LVR.
Redraw free if electronic Construction admin fee $999 regardless of the building contract value. Valuation fee payable if valuation >$300. $110 if the last valuation is older than 3 months asat the Settlement Date. $250 for a variation to the Loan Facility. Documentation fee: $330+GST (standard deals) $440+ GST (complex deals). Additional costs to a max of $190 paid by MSL. Third Party Settlement fees may apply and will be charged at disbursement.