Owner-occupied or investment property purchases, construction, re-financing existing residential or investment or business loans.

Loan Size

From $30,000 to $2,500,000 per security property.

Term

Up to 30 years.

Repayments

Principal and interest or interest only for 2, 3, 5 or 10 years.

Frequency

Weekly, fortnightly or monthly. Extra repayments can be made on variable loans at any time.

Convert To Fixed Rate

All or part of the loan can be converted to a fixed rate at any time at a cost of $250.

Split Loan Facility

Up to four separate splits per facility. transfer funds between splits using Inter-Account Payment facility.

Re-Draw Facility

Unlimited re-draw at no cost. Minimum re-draw $50 when using Loan Service line or Loan Service Net for all variable rate loans.

Pay Anyone

Payment can be made to any bank, building society or credit union directly from your loan using a valid BSB and account number (excludes credit cards). Maximum of $5,000 per day. Not available during a fixed-rate period.

Maximum LVR

• 100% for owner-occupied loans up to $500,000 (conditions apply);

• 95% for owner-occupied loans up to $650,000 (conditions apply);

• 95% for investment loans up to $650,000 (conditions apply);

• 90% for all loans up to $750,000 (conditions apply);

• 85% for all loans up to $1,000,000;

• 80% for all loans up to $2,500,000.

FEES

No monthly administration or ongoing fees.

Application Fee

$550.00 application fee (Including One Valuation)

$450.00 Lenders legals settlement fee

Deferred Administration Fee (DAF)

If the balance of the loan is repaid in full within 60 months after the Settlement Date, the Deferred Administration Fee will be as follows:

Amount of DAF as a percentage

When the loan is repaid in full: of the original loan amount:

• up to and including 12 months after the Settlement Date: 1.80%

• more than 12 months after the Settlement Date,

  up to and including 24 months after the Settlement Date: 1.60%

• more than 24 months after the Settlement Date,

  up to and including 36 months after the Settlement Date: 1.20%

• more than 36 months after the Settlement Date,

  up to and including 48 months after the Settlement Date: 0.80% and

• more than 48 months after the Settlement Date,

  up to and including 60 months after the Settlement Date: 0.50%

Discharge Fee

$350 is payable on full discharge of the loan.

Government and bank charges

For example, mortgage duty, registration fees and property searches.

Legal fees and disbursements

Client will pay costs associated with their own legal fees and disbursements.

OTHER CONDITIONS

• All repayments are to be made by direct debit or direct salary credit;

• Lender's mortgage insurance is required for all loans. Premium is payable by the borrower if the amount borrowed is greater than 80% of the value of the property (conditions apply);

• Break costs will apply to fixed-rate loans if a fixed-rate period is being broken;

• First registered mortgage over residential property required as security on all loans.