| Home Loan Lender |
 |
BMC Home Loan |
|
| Home Loan Product Name |
Interstar Easy Doc |
| Interest Rate |
10.60% |
Comparison Rate
Estimated |
10.36% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,349.73 |
Total Paid
Estimated |
$486,750 |
| Establishment Fee |
$750.00 |
| Enquire/Apply |
 
|
| Target Market |
Asset lend, borrowers only need to be Self Employed one day (Insured through Genworth No ABN required, Insured through PMI, ABN required). |
| Acceptable Income |
By Declaration (No Income or Assets and Liabilities need to be stated in application). |
| Loan Term |
30 years. |
| Loan Size |
Minimum $50k
,
Maximum $1M |
| Repayment Type |
Variable Principal and Interest
,
Interest Only for up to 10 years.
,
LOC Interest will be capitalized for the first 10 years where the Line of Credit Facility is less than $500,000. Where Credit Limit exceeds $500K a minimum Interest-Only loan repayment will be required. |
| Repayment Options |
Monthly, half monthly & Weekly. |
| Extra Repayments |
|
| Split Loan Facility |
Yes up to 4 splits. |
| Offset |
100% on additional repayments which are then available for redraw, but no separate off-set account as such. |
| Redraw Facility |
Yes no minimum, no fee and can be done via Internet, Phone Bank or Fax request. |
| LVR |
Owner Occupied Maximum LVR 65 %
,
Investment Maximum LVR 65%
,
Construction Maximum LVR 65%
,
Refinance Maximum LVR 65%
,
Vacant Land Maximum LVR 65% |
| Fees |
Application Fee $750 which includes valuation and legal fees.
,
Account Keeping Fee Nil
,
Additional Valuation Fee $220
,
Early Repayment Fee If the loan is discharged in full in the first 5 years, or paid down below 50% fee payable is equal to two and a half months variable interest or Interest only monthly instalment at the time of discharge. |
| Enquire/Apply |
|