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Home Loan Special Offer

Submitted by administrator on Mon, 12/01/2009 - 9:47am

Essential Home Loan – Special Offer Main Features:

  • Discounted variable interest rate period for either the first 6 months; or term of loan
  • Fully verified applicants only
  • No ongoing monthly fees
  • Debit Card available to access the Redraw facility via most ATM’s & EFTPOS
  • Additional repayments can be made at any time
  • Free Internet & phone access
  • Up to 4 free splits, $20,000 minimum split

    • Loan Purpose:

  • Purchase or Refinance residential owner occupier or residential investment securities

    • Borrower Type:

  • Individual; Company; Trusts; and Partnerships

    • Option 1

  • Variable Interest Rates:
  • No Annual Fee or Settlement Fee applicable – $100,000 Minimum Loan
  • 6 months discount: initial 5.73%* pa reverting to 6.53%* pa

    • Option 2

  • Variable Interest Rates:
  • With a $330 Annual Fee and a once off $275 Settlement Fee ‐ $250,000 Minimum Loan
  • 6 months discount: initial 5.63%* pa reverting to 6.43%* pa

    • Option 3

  • Variable Interest Rate:
  • With a $330 Annual Fee and a once off $275 Settlement Fee ‐ $250,000 Minimum Loan 6.23%* pa (variable) for the term of the loan

    • Maximum Loan Size:

  • $1.5M – up to 80% LVR (LMI payable on loans >$1M)
  • $1.0M – up to 90% LVR
  • $750k – up to 95% LVR

    • Application Fee:

  • $299 fee deducted from loan proceeds

    • Valuation & Doc Fees:

  • As outlined within the Ultimate Home Loan Calculator

    • LMI Capitalisation:

  • Up to 95% LVR (QBE LMI or Genworth LMI)

    • Interest Only Option:

  • Up to 10 years if ≤85% LVR or up to 5 years if >85% LVR

    • Early Discharge Fee:

  • (Option 1): 1.5 Months notional payment if discharged within the first 5 years
  • (Option 2): 2.5 Months notional payment if discharged within the first 5 years
  • (Option 3): 2.0 Months notional payment if discharged within the first 5 years

    • Offer Ends:

  • Applications must be lodged by COB 31st March 2009

    • *Contact us with your loan size and option preference to obtain a specific CCR sheet. A general CCR sheet is attached.