Homebase
A variable rate home loan which can be used to purchase your own home or an investment property. While the rate will vary over time, the interest rate is generally less than the variable home loan charged by the major Australian Banks*.
| Minimum amount | $20,000 |
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| Maximum amount | $2,000,000 |
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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: 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 exceeds 80%.
- For refinance transactions, maximum LVR of 90% including Lenders Mortgage Insurance Premium.
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| Specific fees |
- Establishment Fee $745 (Conditions Apply).
- $95 loan discharge fee (per security)
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| Other characteristics |
- 100% loan offset (transaction account) and loan redraw facilities are available.
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* While accurate to date, this may vary, depending on financial market conditions
