Rate Smasher Home Loan details

Loan amount $100,000 up to $750,000.
Loan term 30 years, shorter loan periods can be requested post settlement.
Maximum 'Loan to Value Ratio' (LVR) 70%
Permitted purposes Purchase or refinance an owner occupied property.
Number of accounts Single account only.
Offset account N/A
Global borrowing limit N/A
Repayment type Principal and Interest only.
Additional payments (variable accounts) Unlimited, without cost.
Option to fix Available only via switch to Empower Range.
Rate lock N/A
Additional payments (fixed accounts) N/A
Interest in advance option Available only via switch to Empower Range.
Construction option Available only via switch to Empower Home Loan or Package.
Family guarantee option Not available.
Loan Access

• Internet and phone banking available.        
• Redraw available (variable accounts only), fee free via electronic banking. Manual redraw not available.                 
• Loan payments can be made via Direct Debit, Salary Credit only.              
• Pay Anyone, periodic payments are available via Internet banking.      
• Cash card (ATM) and cheque book access only via switch to Empower Package or Line of Credit.                         
• Deposit card and over the counter deposits at Australia Post only available via switch to Empower Range.

Rates

Rates vary according to loan purpose, LVR and repayment type as summarised below.

Variable rates (LVR) Borrower rate Comparison rate ^
< 70.00% 3.68% p.a. 3.68% p.a. ^

Fees

Application fee Nil
Documentation fee $330 Plus GST
Valuation fee Nil (single property, terms and conditions apply)
Account management fee Nil
Mortgage discharge fee $400
Construction administration fee N/A
Other fees are payable, full details covered in mortgage documentation.

Other terms and conditions

* Comparison rate is based on Rate Smasher standard variable rate for $150,000 loan over a term of 25 years. Comparison rates are based on the variable rate home loans comparable by major banks. Rates are correct as at 10/8/16 and may be subject to change. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Owner-occupied purpose only, purchase or refinance only, no debt consolidation. PAYG applications minimum employment term 12 months. Self-employed minimum 2 years. Rate Smasher loan amounts from $100,000 - $750, 000, maximum loan-to-value ratio of 70%, additional credit criteria apply. Not available in conjunction with any other offer.

For fixed rate and comparison rate quoted please refer to the Comparison Rate Schedule.

All lending rates quoted on this website are for new owner-occupied applications only (unless otherwise stated). Existing customers should always refer to their loan contract or internet banking / customer service for their current rates, terms and conditions.

The above rates are subject to change. Fees and charges are payable. Terms and conditions are available from your local branch.