|
Purpose
|
Assist
with purchase/refinance of Residential/Investment Properties, Shares
and other Investment purposes.
Assist with Finance/Refinance of business Debts, Raising Capital and
Debt Consolidation. |
|
Loan
Amount
|
Minimum
- $ 20,000.00
No Maximum.
|
|
Security
|
First
registered mortgage over Residential/Owner Occupied property and
Residential Investment property only.
|
|
Repayments
|
Interest
Only. (called a Permanent Revolving Credit Limit).
|
|
Interest
Rate
|
6.32%.
|
|
Term
|
Maximum
30 years.
|
|
Loan
to Value Ratio
|
Maximum
80%. (However, up to 95% depending on amount and mix of other loan
accounts).
|
|
Application
Fee
|
$550.00.
(This can be discounted to nil, conditions apply).
|
|
Administration
Fee
|
No
ongoing account fees
|
|
Frequency
|
Weekly,
Fortnightly or monthly repayments. Interest is calculated on the
outstanding daily debt and charged monthly.
|
|
Withdrawals
|
Nil
fee is charged for withdrawals and funds are available whenever
required. Minimum withdrawals of $50.00 when using the Loan Service
Line. In other cases minimum withdrawals of $500.00.
|
|
Fixed
Rate
|
At
any time, all or part of the loan can be switched to a fixed rate
&/or placed on principal and interest reductions.
|
|
Split
Facility
|
You
can have up to 3 separate loans under the one facility.
|
|
|
|
