| Minimum amount | $50,000 |
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| Maximum amount | $2,000,000 |
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| Monthly fees | None |
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| Purpose |
Purchase occupied dwelling 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: 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 Valuation Ratio (LVR) 95%.
- Lenders Mortgage Insurance (LMI) required if Loan-to-Property Valuation Ratio exceeds 80%.
- For refinance transactions, maximum LVR of 90% including LMI Premium.
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| Specific fees |
- Establishment Fee $745 (Conditions Apply).
- An Early Repayment Fee of 0.75% of the peak loan amount applies if repaid in full during the first 3 years.
- Additional repayments are limited to $25,000 p.a. during the first 3 years and a partial Early Repayment Fee may apply for repayments greater than this amount.
- An Early Repayment Adjustment may also apply if repaid during any fixed rate period.
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| Other characteristics |
- Loan offset and redraw facilities are not available.
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