| Home Loan Lender |
 |
Home Loan Centre Australia Home Loan |
|
| Home Loan Product Name |
2 yr fixed Balanced Term Loan (ABL) |
| Interest Rate |
9.19% |
Comparison Rate
Estimated |
8.91% |
| Amount |
$150,000 |
| Term |
30 years |
Initial Monthly Payment
Estimated |
$1,227.50 |
Monthly Payment
Estimated |
$1,181.56 |
Total Paid
Estimated |
$427,095 |
| Establishment Fee |
$495.00 |
| Enquire/Apply |
 
|
| Target Market |
Borrowers looking for a flexible home loan with no ongoing fees that has many features/facilities such as Construction, 100% Offset and Security Switching. Internet and phone banking avaialbe. |
| Acceptable Income |
Salary, Rental, Family Allowance. |
| Loan Term |
30 years |
| Loan Size |
Minimum $10K.
,
Maximum Loan (Varies according to LVR and security location). |
| Repayment Type |
Principal & Interest .
,
Interest Only. |
| Repayment Options |
Monthly repayments.
,
More frequent repayments are permitted Weekly & Fortnightly. |
| Extra Repayments |
|
| Split Loan Facility |
Yes, up to 4 (no fees) |
| Offset |
Available. |
| Redraw Facility |
Available minimum amount $500. |
| LVR |
Owner Occupier Maximum LVR 90% plus capitalised LMI
,
Investment Maximum LVR 90% plus capitalised LMI
,
Construction Maximum LVR 90% plus capitalised LMI.
,
Refinancing Maximum LVR 90% plus capitalised LMI
,
Vacant Land Maximum LVR 90% plus capitalised LMI
,
Debt Consolidation Maximum LVR 90%.
,
Interest Only Maximum LVR 80% plus capitalised LMI |
| Fees |
Application Fee $220
,
Valuation Fee $275
,
Additional Valuation $250.
,
Legal Disbursements & Solicitors Document Preparation Fee $487 approximate shown as Mortgage Preparation fee.
,
Construction Admin Fee plus Progress Payments $250.
,
Rate Conversion Fee $150.
,
Transaction Fee Nil.
,
Redraw Fee Electronic fee Free Manual Redraw Fee $25.
,
Deferred Establishment Fee.
,
Within Year 1 - 1% / Year 2 - 0.75% / Year 3 - 0.5% / Year 4 - 0.25%
,
Break Cost may be applicable contact Lender. |
| Enquire/Apply |
|