NAB Peak Performance Equity Mortgage Loan NAB Peak Performance Equity Mortgage Loan
5.90%p.a Standard Variable
About National Australia 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 90% 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", "Bridging", "Equity", "Investment", "Owner Occupied", "Vacant Land"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].
- 8 - 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 repaments Monthly.
- Interest Only Option
- Max Interest Only
- 30 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
OTHER PRODUCT INFORMATION: A flexible line of credit with the ability to earn interest on credit balances, the Peak Performance Equity Mortgage is designed to meet a borrowers total financial requirements with one facility. This allows them to turn asset wealth into an affordable cash flow. Lets borrowers unlock the equity in their residential property at a competitive variable interest rate. Borrowers can have separate Peak Performance Equity Mortgages for personal and investment purposes, subject to our minimum loan amount. A six-monthly service fee applies to each Peak Performance account. Borrowers can arrange to have their salary, rent or any other deposits directly credited to the loan. Borrowers can also set up a regular transfer of funds from any bank or building society account. Borrowers can make as many deposits and withdrawals as they like, with unlimited free transactions within Australia (except at non-NAB ATMs). Interest is calculated daily and charged monthly, meaning borrowers benefit immediately when they make a repayment. The Peak Performance Equity Mortgage can be packaged with other Nab Broker products to create a tailored finance solution. The Peak Performance Equity Mortgage is portable.
Debt consolidation Max LVR 90% Refinance Applications Max LVR 90%. The following applies for loans with LVR >90%: 1) Minimum twelve (12) months full time employment tenure OR Minimum two years continuous employment in same industry, and 2) CRAA defaults paid (are greater than 6 months old) and accompanied by written customer explanation **In all cases, Maximum LVR is inclusive of any LMI Premium.
Rate Lock Fee: 0.15% of approved facility limit, rounded to the nearest $10 - minimum $50. $300 Variation Fee applies for each application to increase a facility limit or change the security - including discharge of mortgage. Property value > $2.5M a special val fee is payable for each property which has an estimated market value of $2.5M or more. Legal service fee and Government fees and charges may be payable and will be disclosed in contract.