A fantastic low rate with many of the features you may not normally expect from a basic loan. Split your low variable rate with our competitive fixed rates or utilise the flexible line of credit option. Redraw and internet access is also available at no additional cost.
| Minimum amount | $50,000 |
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| Maximum amount |
$1,000,000 |
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| Monthly fees | None |
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| Purpose |
Purchase or construct owner occupied dwelling, vacant land or investment property.
Refinance. |
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| Maximum term | 30 years, shorter terms available |
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| Repayments | Principal and interest, interest only
Frequency: Weekly, Fortnightly or monthly |
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| Property requirements | Registered First Mortgage over Torrens, Strata or Old System title. Company title only in exceptional circumstances. |
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| Loan-to-Property Valuation Ratio (LVR) |
- Maximum Loan-to-Property Value Ratio 95%.
- Lenders Mortgage Insurance (LMI) required if Loan-to-Property Value Ratio exceeds 80%.
- Maximum LVR of 95% including LMI Premium.
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| Specific fees |
- Establishment Fee $600 (Conditions Apply).
- $95 loan discharge fee (per security)
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| Other characteristics |
- The Better Basics Home Loan is available for new business only.
- Redraw facilities are available.
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