Offset Flyer Home Loan Package Offset Flyer Home Loan Package - LVR >70% to 80% (Principal & Interest) (Owner Occupied)
3.84%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
- 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 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.
- 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 complete home loan solution with a fully transactional offset account. Includes: - Multiple offsets: link up to 10 offset accounts to each loan account - Unlimited loan account splits, all with varying rate and repayment types - Extra repayments allowed - Each offset account comes with a Debit MasterCard with free access to all domestic ATMs, including the rediATM network - Macquarie Credit Card with annual cardholder fees waived Offset and Line of Credit Home Loans are packaged loans that come with: - A Macquarie Credit Card with the cardholder annual fees waived whilst the home loan is held - One free variation per year - Transactional access with a Platinum Debit MasterCard - Annual package fee of $398, this covers up to 5 loan facilities. If a borrower is not approved for the credit card as part of their package, they will still remain on a package, retaining all the benefits of the free variation and transactional access at a half package fee of $199 per year. Package terms and conditions apply. Unlimited amount of additional repayments can be made to loans with a variable interest rate through the loan term without penalty. Payment method: Direct Debit, Salary Credit/Funds Transfer manual repayment to be arranged by the borrower each repayment cycle. Loan Amounts: Metro CAT1 - Loan Amounts: Me
No LMI required for <80% LVR. 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)
Redraw free if electronic. Construction admin fee is $999 for all loans with the construction feature, regardless of the building contract value.Valuation fee: Payable if valuation >$300. $110 Valuation upfront fee payable if the last valuation is older than three months as at the Settlement Date. $250 Variation fee payable 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 *Displayed as 'at