Home Loan Products

Basic Home Loan

Summary
Rates & Fees
Calculators
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A no frills loan with a low variable rate.

This is a 'no frills' home or investment property loan for those who want a simple loan with a lower variable interest rate. Also offers a Fixed Interest Rate option.

Main Features

Weekly, fortnightly or monthly repayments.
Additional repayments accepted.¹
Redraw available ($500 minimum).²
No Early Repayment Penalty.
Break Cost Fee.³
1 - 5 year Fixed Interest Rate option.
Fixed Rate Lock available for 1 - 3 year terms only.⁴
Repayment holiday.⁵
Family repayment pause.⁶
No maximum loan amount.
30 year maximum loan term.

Interest

Calculated daily and charged monthly in arrears.

Repayments

Principal & interest repayments.

Loan to Value Ratio (LVR)

Maximum 95% of the value of the property (Lenders Mortgage Insurance is required for loans of more than 80% of the value of the property).

Security

First mortgage over owner-occupied or investment property (not available for commercial properties).

Maximum of $5,000 in extra repayments during the fixed interest rate period. Any funds paid in excess of $5,000 will incur a Break Cost Fee.
Via Internet Banking only.
Fee only applies during fixed rate period.
Maximum duration of Lock 60 days prior to funding. Maximum loan amount $500,000.
Loan must be in advance to enable repayment holiday.
Repayment pause is between 3 and 6 months and approval is required.

Rates & Fees

Variable Interest Rate (p.a.)¹	6.49%
Comparison Rate* (p.a.)²	6.54%
View Fixed Interest Rates
Establishment Fee	$600
Administration Fee	$0
Redraw Fees	$0

Terms and Conditions

Part A - Product Information
Part B - Fees and Charges
Part C - Interest Rates

Interest Rates effective 20 December 2011. Interest is calculated daily. Interest rates are per annum, current at the time of printing and are subject to change without notice.
Comparison rate calculated on a secured loan amount of $150,000 for a term of 25 years.
WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate.

*Comparison rates for first home buyers will differ to those outlined above.

Calculators

	Borrowing Power Find out how much you can expect to borrow based on your current salary and existing financial commitments.
	Loan Repayments Work out what your minimum weekly, fortnightly or monthly loan repayments would be for any borrowed amount.
	Stamp Duty and Government Fees Stamp duty and Government fees add significantly to the cost of buying a property. Find out how much it will cost in your state or territory.
	Extra Repayments Calculate how much time and interest you can save by paying more than the minimum repayment.
	Lump Sum Repayments Calculate the time and interest you can save by paying a lump sum off your loan.
	Loan Comparison Compare two loans and calculate the savings.