Balanced Variable 95 Balanced Variable 95 (Owner Occupied)
4.61%p.a Standard Variable
About Pioneer Mortgage Services
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 Bridging, Construction, Equity, Owner Occupied, and Vacant Land in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.
- 10 - 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 repayments Fortnightly, Monthly, and Weekly.
- Interest Only Option
- Max Interest Only
- 10 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 Monthly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
The Balanced Term Loan is a fully featured term loan facility that offers the regular features of a term loan. Ideal for all types of borrowers. Features: -Max LVLVR 95% including LMI -No monthly or annual fees -Fixed and variable rate options -Telephone and Internet Banking available -Maximum 10 years Interest Only -Bridging finance available up to 85% LVR (includes construction) When LVR exceeds 90% loan must be Principle and Interest , Owner Occupied security and purchase only. Minimum serviceability ratio is 1.2:1 Max Loan amount is unlimited (may be restricted by LVR or LMI). Please refer to your BDM. Interest payments calculated daily on account balance and charged monthly. Capitalised in arrears monthly on the anniversary date on which the loan settled. Option of nominating an interest charge day other than the anniversary day on I/O loans (fee may apply). Repayment Option: Direct Debit Additional Repayments allowed .If fixed interest rate maximum additional repayments (over and above minimum repayments) in a 12 month period is $20,000 before break costs apply. Redraw available on Variable and Fixed rate loans via phone and internet banking. Minimum manual redraw $2,000 .Manual redraw fee applies. 100% Offset Available. Please refer to Balanced Variable Offset product. Available for Debt Consolidation up to 90% LVR (dependent on security location and impairment level, if any). Fixed Rate available during construction period. Available in a Company Trust Name ( solicitors fee may increase) when LVR exceeds 90% Loan must be P & I, owner Occupied Security& purchase only and minimum serviceability ratio is 1:2:1
Max LVR 95% including LMI for owner occ (when LVR exceeds 90% loan must be P&I, Owner Occupied security, purchase only and minimum serviceability ratio is 1.2:1) 90% for Investment purposes. Bridging finance available up to 85% LVR (includes construction) Max Loan amount is Unlimited (may be restricted by LVR or LMI). Please refer to your BDM. LMI required above 80% LVR (subject to acceptable location).
5% Genuine Savings required
Clawback: - 0-6 months discharged after settlement: 100% of upfront paid - 7-12 months discharged after settlement: 50% of upfront paid - 13 months + discharged after settlement: No Clawback Quoted Valuation fee is an estimate and valuation fee is charged at cost. Solicitor fee: From $325 plus outlays. Loan Processing Fee: From $150.00 (from $250 if construction). Variation Fee: $200. Manual Redraw Fee: $50. Building Loan Fee: $150