Variable Rate Home Loans - Adelaide Bank - Mortgage Tamer>$250K |
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to select a different loan amount and loan term. Currently: $150,000 over 30 years |
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| Home Loan Lender |
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Adelaide Bank Home Loan |
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| Home Loan Product Name |
Mortgage Tamer>$250K |
| Interest Rate |
9.25% |
Comparison Rate
Estimated |
9.19% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,212.33 |
Total Paid
Estimated |
$440,515 |
| Establishment Fee |
$595.00 |
| Enquire/Apply |
 
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| Target Market |
Combines a fully featured home loan with all the benefits of a 100% offset account.
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Standard residential loan purposes purchase or refinance an owner occupied or investment property.
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Debt Consolidation.
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Equity Loans for investment or personal purposes.
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Loans for business purposes up to 20% of the loan amount (excluding working capital and the payment of personal or business tax liabilities).
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Go Between Available refer to Bridging Product.
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Go Between Loans.
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Building Loans with Progress Payments. |
| Acceptable Income |
All applications assessed using the Net Surplus Income method
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Serviceability Ratio >1.10. |
| Loan Term |
Principal & Interest Minimum 5 Years Maximum 30 Years
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Interest only 30 Years. |
| Loan Size |
Minimum amount $10K.
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No maximum.
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Offset no minimum no maximum. |
| Repayment Type |
Principal and Interest:
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Interest Only: First 1 to 10 years is interest only, converting to P & I for the remainder of the loan term. |
| Repayment Options |
Monthly . More frequent payments are permitted (weekly/ fortnightly). |
| Extra Repayments |
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| Split Loan Facility |
Available fees may apply. |
| Offset |
100% offset. |
| Redraw Facility |
$50. |
| LVR |
Owner Occupied Maximum LVR 100%
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Investment Maximum LVR 100%
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Construction Maximum LVR 100%
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Refinancing Maximum LVR 90%
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Investment Investment Up to 100% conditions apply.
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Interest only: Up to 90% plus capitalized LMI. |
| Fees |
Application Fee $595
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Settlement Fee of $100(Fee displayed as Mortgage Preparation)
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Account Keeping Fee $10 pm charged to the loan in arrears monthly
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Building Loan Fee $250, if applicable.
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Credit Increases $175 and Security Handling Fee $150
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Not available during fixed rate periods or Go Between Loans. (Note minimum credit increase of $10K)
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Loan Variation Fee $350 (combined fee Contract Variation, Rate Conversion, Loan Portability)
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Discharge Admin Fee $325
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Government Charges apply
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Monthly chargeable transaction fees (Up to $10 worth of the following transactions are free every month):
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If loan is less than 1 year old: 100% of upfront commission paid
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If loan is less than 2 year old: 75% of upfront commission paid
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If loan is less than 3 year old:50% of upfront commission paid
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If loan is less than 4 year old: 25% of upfront commission paid
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Break Costs :
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Regulated Fixed
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If loan is less than 3 years old: Fixed interest rate recovery & Discount interest rate recovery, if applicable.
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If loan is greater than 3 years old: Fixed interest rate recovery.
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Regulated Variable
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If loan is less than 3 years old: Discount interest rate recovery, if applicable.
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If loan is greater than 3 years old: Nil.
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Unregulated Fixed
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If loan is less than 3 years old: 1 months additional interest recovery if greater than Fixed interest rate recovery + Discount interest rate recovery.
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If loan is greater than 3 years old: 1 months additional interest recovery if greater than Fixed interest rate recovery.
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Unregulated Variable
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If loan is less than 3 years old: 1 months additional interest recovery if greater than Discount interest rate recovery.
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If loan is greater than 3 years old: 1 month additional interest recovery
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Description of elements:
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Fixed rate recovery (Economic Loss) is determined by comparing the actual loan rate to the rate at which the bank can re lend.
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Discount rate recovery is the amount of interest foregone during an introductory fixed or discount variable rate period. |
| Enquire/Apply |
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| Other Variable Rate Home Loans |
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| Other Adelaide Bank Home Loan Products |
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This Comparison Rate applies only to $150,000 with a loan term of 30 years. The loan amount and term will affect the comparison rate calculation. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparsion rate calculation but may influence the cost of the loan.
This rate is to be used as a guide only and we recommend that you confirm it with the lender before acting upon it.
The information provided in this website is a guide only and may not be complete for your purposes. ratesonline.com.au is not licensed to provide investment advice and recommends that you consult an independent financial adviser.
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