With a low variable rate and the opportunity to make additional repayments at no additional cost to you, this option could be a smart way to pay off your mortgage sooner.
Because there's no 'interest rate crystal ball' our Standard Mortgage offers you the choice of a fixed rate or a combination of the two.
Firstly, it's a revolving line of credit with a pre-agreed credit limit secured by your property - so you can draw down and pay back the up to the limit amount, anytime you need it.
About the Loan
Interest Rate
Variable
Variable and Fixed
Variable
Minimum Loan Size
$50,000
$50,000
$50,000
Maximum Loan Size
$4 million
$4 million
$4 million1
Loan to Value Ratio (LVR)2
Up to 100%
Up to 100%
Up to 90%
Interest-only Repayments
Five years
Five years
First seven years
Mortgage Plus Package
Discount rate available
3
3
Self-Certified Option
Split accounts
Product Combinations
4
100% Offset
Repayment5 Options
Weekly / Fortnightly / Monthly
Weekly / Fortnightly / Monthly6
Daily / Weekly / Fortnightly / Monthly
Direct Debit
Mandatory
Mandatory
Optional
Additional Repayments
7
Redraw Facility
Variable rate loans only
Line Increases
Variable rate loans only
Loan Protection Insurance
General Fees & Charges
Application Fee
$399
$399
$399
Annual Package Fee8
-
$350
$350
Settlement Fee
$250
$250
$250
Account Keeping Fee9
Nil
$8 p/m per account
$12 p/m per account
1 With maximum $1,000,000 on the Mortgage Power portion of the loan per facility 2 Ratios quoted are subject to your having Mortgage Insurance. Mortgage Insurance is insurance that protects the financier in the event of default on mortgage repayments. 3 If taken as a part of Mortgage Plus package 4 Basic Mortgage may be combined with Fixed Rate loans only 5 For fixed rate loans, only the monthly payment option applies 6 Only Monthly repayment option available for fixed rate loans 7 For additional repayment of greater than $1,000 pm, fixed rate break charges will apply. 8 The Annual Package fee is charged annually in advance. Application fee is NIL for a Mortgage Plus eligible product. 9 per account
