Quickstart Variable Quickstart Variable >$50K (Owner Occupied)
4.78%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 ["Owner Occupied"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].
- 15 - 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 Fortnightly, Monthly, and Weekly.
- 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.
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
The Quickstart Term Loan is a Non Genuine savings product suitable for First Home Buyers or borrowers who have little in the way of deposit. Features: - No monthly of annual fees - Available for purchases only - Variable rate options P & I Only. - Debit Card available on variable rate loans; allows access to redraw from loan account and/or funds available in offset account - Internet Banking available - Principal and Interest payments only fixed options available Minimum loan split amount is $10K. Repayments options of Direct Debit, Salary Credit, Deposit Book. Dynamic Repayment is available (refer to your BDM for more information). Redraw available on variable rate loans only. First 15 transactions are fee free. Westpac ATM attracts fee per transaction. 100% Offset account available. Transaction on your offset balance with the following transactions being fee free: EFTPOS & Westpac ATM Transactions, BPay, Outwards Direct Debit, and Inward Salary Credit. Transfers to an external bank account are only available when the eternal bank account is pre-nominated and advised at settlement. Only one pre-nominated account is available and must be in the same name as the borrowers. Transfers to other external accounts are not available directly from the offset account.
95% Owner Occupied (including capitalised LMI). Borrower pays LMI.
No Genuine Savings required up to 95% LVR borrowed funds NOT an acceptable form of non genuine savings
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 Valuation fee charged at cost. Solicitor fee: From $350 plus outlays. Title Insurance Fee: $132 (up to $600K) and $238 ($600K - $1M). Transaction Fees : First 15 transactions are fee free. Westpac ATM attracts $1.00 per transaction.