Equity Access Loan Equity Access Loan
6.08%p.a Standard Variable
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, Equity, Investment, Owner Occupied, and Vacant Land 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
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
- 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 Monthly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
No specified maximum loan term. Loan to be reviewed at anytime to ensure serviced within arrangements. Interest + fees may be capitalised if within loan limit. 15 Free withdrawals per month - then $2 fee per transaction applies Customers can draw part or all of their approved credit limit at any time. Access is available via cheque book, direct debit, over-the-counter and personal borrower's card, including EFTPOS, Handybank/ATM, Internet Banking and Telephone Banking. Note: Customers with the line of credit option need to allow for the monthly interest charge, in addition to fees and government charges, when making drawings on the loan account. As a minimum, loans will be reviewed: - Interest only - every three years - Line of credit - annually Note: The Bank can review loans at any time to ensure that they are being serviced within arrangements. Reviews are completed by centralised sites. Foreign Income Policy Non residents - No lending permitted Australian citizens - 70% LVR New Zealand citizens - 70% LVR Permanent visa holders - 70% LVR Temporary visa holders ordinarily resident in Australia - No lending permitted *Applications for new purchases only - any refinances or cash out not permitted. Foreign Income Policy Non residents - no lending permitted Temporary visa holders - no lending for foreign income, 70% LVR for applications involving AUD Australian citizens - 70% New Zealand citizens - 70% Permanent visa holders - 70% * Applications for new purchases only - any refinances or cash out are not permitted.
Base LVR 90% - max LMI capitalised LVR 95% Foreign Income Policy Non residents - no lending permitted Temporary visa holders - no lending for foreign income, 70% LVR for applications involving AUD Australian citizens - 70% New Zealand citizens - 70% Permanent visa holders - 70% * Applications for new purchases only - any refinances or cash out are not permitted.
5% Genuine Savings must be validated and verified for all mortgage insured applications where the LVR is >85%. Land Purchase, Construction and Renovation Loans: - If the property has been held for 3 months or more then treat as an existing property holding with any equity in the property counting towards the genuine savings. - If the property has been held for less than 3 months then the original purchase and the new application can be treated as one application for genuine savings purposes. Calculate the genuine savings applicable to the total new application then deduct any genuine savings that were verified in the original purchase to leave the net genuine savings required for the new application.
$600 once-off Establishment Fee applies. ($600 once-off fee applies if a combination loan) Guarantor fee of $200 applies where guarantee is selected. Portability fee of $300 applies on occurrence. Top-up fee of $400 applies on occurrence. Top-up with portability fee of $400 applies on occurrence.