| Home Loan Lender |
 |
BMC Home Loan |
|
| Home Loan Product Name |
Line Of Credit |
| Interest Rate |
9.69% |
Comparison Rate
Estimated |
9.64% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,271.14 |
Total Paid
Estimated |
$458,220 |
| Establishment Fee |
$660.00 |
| Enquire/Apply |
 
|
| Target Market |
Available for any personal purpose. Up to 25% of total loan can be used for business. Owner occupied or investment. |
| Acceptable Income |
Standard PAYG requirements or 2 years finacials for Self Employed. |
| Loan Term |
Ongoing |
| Loan Size |
Minimum $50K
,
Maximum $2M |
| Repayment Type |
Variable Principal and Interest |
| Repayment Options |
Minimum monthly repayments of interest & charges or $10.00, whichever is the greater. |
| Extra Repayments |
|
| Split Loan Facility |
Can be spilt in conjunction with Premium Choice home laon. |
| Offset |
Yes 100%. |
| Redraw Facility |
Unlimited redraw via BMC or using Debit Card through ATM’s, EPTPOS, or INTERNET First 6 transactions via ATM free thereafter $1.50 per transaction.
,
Cheque book, phone & internet banking available. |
| LVR |
Owner Occupied Maximum LVR 90 %
,
Investment Maximum LVR 90%
,
Construction Maximum LVR N/A
,
Refinance Maximum LVR 90%
,
Vacant Land Maximum LVR N/A
,
Debt Consolidation Maximum LVR 90% |
| Fees |
Application Fee $660 (includes valuation and base legal fee).
,
Book keeping Nil
,
Additional Valuation $220
,
Addition Legal costs
,
Additional Security Property:$100 per property
,
Guarantee:$100 per guarantee
,
Companies / Trusts:$100
,
Discharge Prior to Maturity whilst a variable rate applies 1.25% of the principal sum will apply in the first three years of the loan 0.50% in year 4 and 0.25% in year 5. |
| Enquire/Apply |
|