Loan to value ratios
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Maximum of 95% LVR to $300,000.00
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Maximum of 90% LVR to $500,000.00
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Maximum of 70% LVR to $750,000.00
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Maximum Loan amount is $750,000.00
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Minimum Loan amount of $50,000.00 (unless other wise approved)
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Minimum Term is 15 years
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Maximum term is 30 years
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No Monthly account keeping fees
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Allows for two free splits, giving three separate loans**
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Current introductory interest rate. 7.5% per annum indicative
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Guaranteed .5% lower than the Universal Variable rate for first 12 months
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Loan payments can be made Fortnightly on any Friday or monthly payments can be made on the last business day of the month. Weekly electronic salary deposits are also acceptable
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Allows free salary credit option for maximum savings on interest
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Free telephone banking redraw facilities
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Other features:
This loan almost acts as a line of credit, but with one or two excellent features. Apart from the excellent rate, it has a reducing balance and allows the flexibility of redrawing extra payments free of charge* This loan is considered the best loan product to help you reduce the interest charged to you on your loans, possibly owning your home many years earlier than expected, and without the temptation of a line of credit. Designed specifically for mortgage reduction purposes.
