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A fixed rate loan is ideal if you want the security of knowing what your repayments will be. You can fix the interest rate on your loan for 1, 2, 3, 4 or 5 years. After that period, it reverts to our Standard Variable Rate Loan. Key FeaturesAccount keeping fee
| Zero
| Max loan term
| 30yrs
| | Max LVR (Loan Value Ratio) | 95%
| Lenders mortgage insurance
| Is generally required if amount borrowed is more than 80% of the valuation of the security property | Repayment frequency
| Weekly/fortnightly/monthly | Repayment method
| No restrictions | Additional repayments
| During the fixed rate period you can repay 25% of the original loan amount in additional payments
over the fixed term (e.g. $100,000 fixed for 5 years would allow
$25,000 in additional payments within the 5 years). If the total of the additional payments to the loan exceeds 25% of the loan amount, a fee may be payable.
Additional repayments are accepted any time during the variable rate period.
| Redraw facility
| Not available during fixed period.
| Available for construction loan
| Not available during fixed period. | Interest only option
| Yes
| | 100% offset account | Only available after fixed rate period ends.
| Free linked transaction account
| Yes (terms and conditions apply)
| Purpose
| Owner occupied or investment use
| Split Loan
| Yes. You can have this loan as a standalone loan or as part of a split-loan. |
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Things you must read
Interest rate correct as at 20 December 2011 and subject to change without notice. Terms, conditions, fees, charges and normal lending criteria apply. Comparison rate based on a secured loan of $150,000 over 25 years. Warning: The comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate.
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