Variable Rate Home Loans - Adelaide Bank - Term Loan Variable |
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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 |
Term Loan Variable |
| Interest Rate |
7.80% |
Comparison Rate
Estimated |
7.94% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,079.81 |
Total Paid
Estimated |
$392,995 |
| Establishment Fee |
$595.00 |
| Enquire/Apply |
 
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| Target Market |
Standard residential loan purposes such as Purchase or Refinance an owner occupier or investment property.
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Debt Consolidation.
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Equity Loans for investment or owner occupier.
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Construction Loans - Go Between Available refer to Bridging Product.
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Owner Builder South Australia Only. |
| Acceptable Income |
PAYG, Self employed as per normal lending policy. |
| Loan Term |
Principal and Interest: 5 - 30 years.
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Interest Only: 30 years First 2 to 10 years is interest only, then converts to principal and interest for a further 15 years. |
| Loan Size |
Minimum $10K.
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No Maximum may be restricted by LMI. |
| 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 |
Principal and Interest repayments or Interest Only
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Monthly More frequent repayments are permitted. |
| Extra Repayments |
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| Split Loan Facility |
Available fees may apply. |
| Offset |
Not Available. |
| Redraw Facility |
Available: Minimum $500. Electronic redraw : Nil fee Manual redraw fee $50. |
| LVR |
Owner Occupied Maximum LVR 100%
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Investment Maximum LVR 100%
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Construction Maximum LVR 90%
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Refinancing Maximum LVR 95%
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Debt consolidation Maximum LVR 90% |
| Fees |
Application Fee $595 additional fees are payable if more than one security property require support of a guarantor and or have a company trust involved in the application
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Settlement Fee of $100(Fee displayed as Mortgage Preparation)
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Line Fee $10 per month
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Building Loan Fee $250, if applicable.
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Credit Increase Fee $175 + Security Handling Fee $150. 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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Deferred Establishment Fee:
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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
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Electronic redraw Nil fee Manual redraw fee $50. |
| 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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