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100% Offset Home Loan
Interest Rate:
Comparison Rate:
All purpose home loan with 100% offset account
Purpose
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For owner occupied or investment property for purchase, refinance or construction
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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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Interest Only
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Available (Max LVR 90%)
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Loan Size
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From $50,000 to No Limit - subject to Lending policy or LMI.
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Repayment Frequency
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Fortnightly or monthly.
Additional repayment allowed.
For variable unlimited.
For fixed $20K per annum.
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Re-Draw Facility
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Available
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Portability
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Fully portable (conditions apply)
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Loan to Value Ratio:LVR
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Up to 100% - Principal & Interest
90% - Interest Only
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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: $310 - $350 payable at settlement. 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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FREE
Offset - 10 free transactions per month
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Non-Proceeding Fee
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$495 payable when an application is conditionally approved and a 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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$250.00 per security discharged
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Deferred Establishment Fee (DEF)
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Year 1 - 1.00%
Year 2 - 0.75%
Year 3 - 0.50%
Year 4 - 0.25%
Year 5 - NIL
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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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