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True Flexi Home Loan
Interest Rate:
Comparison Rate:
An extremely flexible account ideal for businesses and individuals with multiple accounts
Purpose
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For business owners and individuals with multiple accounts
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Eligible Borrowers
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Individuals.
Companies and Trusts (conditions apply)
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Type of Rate
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Variable or fixed available.
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Interest Only
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Up to 15 years (conditions apply)
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Line of Credit
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Available (conditions apply)
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Additional Features
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Loan linked Mastercard - 2 per facility
Up to $10,000 per card
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Loan Splits
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Several, with the ability to name each split for ease of use.
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Loan Size
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From $100,000 to $1,500.000
From $1,000,000 + (conditions apply)
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Repayment Frequency
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Direct Debit weekly, fortnightly or monthly.
Salary Credit + other electronic transfers.
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Re-Draw Facility
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Available FREE
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Portability
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Fully portable.
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Valuation Fee
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Nil for the first valuation to the cost of $250
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Other Costs
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Solicitor Fees: $350. Settlement Fees, Processing & disbursement fees may apply.
Borrower's legal costs, government charges, insurance payable by the Borrower.
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Monthly/Annual Fee
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Annual Fee: $375
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Non-proceeding Fee
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$495 payable when an application is conditionally approved and or a valuation completed, and the applicant decides after the valuation not to proceed with the loan.
This includes situations where the valuation comes is 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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Early Repayment Fee
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Year 1 - 1.8% of approved loan amount
Year 2 - 1.6% of approved loan amount
Year 3 - 1.4% of approved loan amount
Year 4 - 1.2% of approved loan amount
Year 5 - 1.0% of approved loan amount
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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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