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Internet Beater Loan
Interest Rate:
Comparison Rate:
On-Line Special
Purpose
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For owner-occupied or investment property purchases, construction, re-financing existing residential or investment property.
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Eligible Borrowers
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Individuals, Companies or Trusts
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Type of Rate
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Variable or Fixed available.
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Loan Size
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$50,000 - $2,000,000 per security property.
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Repayments
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Fortnightly or monthly. Extra repayments can be made on variable loans at any time.
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Re-Draw Facility
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Unlimited re-draw at no cost. Minimum re-draw amount $50 for all variable rate loans
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Portability
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Fully portable (conditions apply)
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Loan to Value Ratio
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Up to 100% (conditions apply)
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Valuation Fee
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Nil for first valuation up to the cost of $250
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Other Costs
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Solicitor Fees: $310 - $350 payable at settlement. Processing & disbursement fees may apply.
Borrower's legal costs, government charges, insurance is payable by the Borrower.
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Non-proceeding Fee
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$495 payable when an application is conditionally approved or the valuation completed, and the applicant decides after the valuation not to proceed with the loan.
This includes situations where the valuation is below the applicant's expectations, resulting in the application being withdrawn.
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Lenders Mortgage Insurance
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Payable when the loan amount exceeds 80% of the valuation amount.
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Internet Access
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Available
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Discharge Fee
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$250 per security discharged.
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Deferred Establishment Fee (DEF)
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1.2% for the first 4 years
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*WARNING: The comparison rate is calculated on a loan of $250,000 over 25 years. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. All loans are subject to the lenders normal terms and conditions. Loan qualification criteria apply. Interest rate quoted is available for all new applications received. The rates are indicative only and subject to change at any time.
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