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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 10/03/2010 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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