Fixed Rate Home Loans - Home Loans Ltd - 1 yr fixed Easy Saver |
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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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Home Loans Ltd Home Loan |
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| Home Loan Product Name |
1 yr fixed Easy Saver |
| Interest Rate |
9.94% |
Comparison Rate
Estimated |
9.25% |
| Amount |
$150,000 |
| Term |
30 years |
Initial Monthly Payment
Estimated |
$1,320.79 |
Monthly Payment
Estimated |
$1,218.12 |
Total Paid
Estimated |
$440,215 |
| Establishment Fee |
$499.00 |
| Enquire/Apply |
 
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| Target Market |
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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Construction Loans (excluding owner-builder).
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Vacant Land (metropolitan areas only).
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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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Company and Trusts loans accepted. |
| Acceptable Income |
PAYG, Self Employed. |
| Loan Term |
Principal & Interest . Minimum 5 years.
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Maximum 30 years.
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Interest-Only .Up to 10 years, converting to P$I for the remainder of the term. |
| Loan Size |
Minimum - $50K
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Maximum - $2M |
| Repayment Type |
Interest-Only - Up to 10 years (minimum 1 year) interest-only, converting to P&I for the remainder of the loan term.
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Construction Loans - The first 1 to 10 years are interest based, converting to P&I for the remainder of the loan term. During the building period, an additional 20% is added to repayments to allow for any capitalised interest that may occur, paid on a monthly basis as the loan is drawn down. |
| Repayment Options |
Repayments are made monthly, fortnightly or weekly. |
| Extra Repayments |
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| Split Loan Facility |
Yes |
| Offset |
No. |
| Redraw Facility |
Redraw is free if transactions are done via internet or telephone banking with a minimum withdrawal of $500. |
| LVR |
Owner Occupier Maximum LVR 85%
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Investment Maximum LVR 85%
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Construction Maximum LVR N/A
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Refinance Maximum LVR 85%
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Land Maximum LVR N/A
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Debt Consolidation Maximum LVR 85% |
| Fees |
Establishment Fee $499 (Application fee includes one standard valuation fee)
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Mortgage Prep Fee - $440 ( Legal & Loan Processing Fee & Settlement Fee)
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Valuation Fee Included in Application Fee
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Additional Contract Fee - $65
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Ongoing Fee Nil
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Fee for additional contracts: $65
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Company/Trust Loans attract higher fees
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Deferred Establishment Fee Payable if the customer discharges the loan as per below:
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Time from Settlement Date % of Approval Amount
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1 - 12mths 1.75%
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13 - 36mths 1.50%
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37 - 48mths 1.25%
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49 - 60mths 1.00%
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Deferred Establishment Fee Partial Repayment if customer repays 50% or more of the loan
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Time from Settlement Date % of Approval Amount
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0 - 12mths 0.875%
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13 - 36mths 0.75%
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37 - 48mths 0.625%
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49 - 60mths 0.50%
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Redraw Fee Nil |
| Enquire/Apply |
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| Other Fixed Rate Home Loans |
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| Other Home Loans Ltd 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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