Premier Advantage Rocket Repay Home Loan Premier Advantage Rocket Repay Home Loan $500K - $749K (Principal & Interest)

Notes

SPECIAL - Extension of Premier Advantage Package offer has now been extended to all eligible applications processed on or after Monday, 3rd February 2014. Full Doc only. If a customer chooses not to have a transaction account, they will not be eligible for the Premier Advantage Package. A discounted Establishment applies. This fee applies to each loan if taken as part of a combination. The Annual Package Fee will also apply. $300 once off Progress Draw Fee applies for construction loans. Combination loans not allowed with construction loans. Redraw not available until construction loan is fully drawn. Can only Switch between other Low Doc Loans in the First 3 years. Can only be taken in combination with other Low Doc loans. Customers refinancing to Westpac under PAP are eligible. Further Conditions for Low Doc Applications: - The main income earner must be self-employed for a minimum of 2 years and must be entered as the primary applicant, and - Irrespective of the number of applicants the total self employed income of the application must be >50% of all income entered Note: Where the primary applicant has less than 2 years in self employment but can demonstrate a long term history in the same industry, the application can be referred to credit for consideration. ABN Requirements: - Self employed applicants are to provide their Business Name and ABN (via section A of the Borrower Income Declaration). OR - Declare that their business does not require an ABN in accordance with

LVR Notes

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. LMI applicable above 80% LVR. LMI capitalisation available up to a maximum of 97%. Refinances limited to 90% max LVR except WBC loan refinances where the customer is returning to construct or improve property. Maximum loan amounts and land size apply where LVR is between 90-97% $750,000 all States and territories (Not available for Company Borrowers or Family Trusts): For further exclusions please contact your BDM

Notes

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. Proposals involving Investment loans with LVR > 90% requires applicants to demonstrate 10% equity in another property. The 10% Equity is to be qualified using the applicants estimated Market Value of their existing residentail property's against the total current exposure. Current exposure is to be calculated on loan account limit and not loan account balance.

Fee Notes

$300 once-off progressive draw fee applies for construction. Redraw not available during any construction period.