| Home Loan Lender |
 |
Home Loans Ltd Home Loan |
|
| Home Loan Product Name |
Premium Full Doc LOC |
| Interest Rate |
9.20% |
Comparison Rate
Estimated |
9.22% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,223.16 |
Total Paid
Estimated |
$440,779 |
| Establishment Fee |
$499.00 |
| Enquire/Apply |
 
|
| Target Market |
The Homeloans Premium Full Doc LOC is a fully featured line of credit for purchase, refinance or debt consolidation. |
| Acceptable Income |
PAYG, Self-Employed, Part-time, Casual, Second job, Overtime, Shift allowance, Social security benefits, Government pensions, Investment income (interest and dividends), Business income. NOTE: Special conditions apply for each income, please contact your BDM for further information. |
| Loan Term |
Principal & Interest: 5-30 years.
,
Interest Only: 1-10 years. |
| Loan Size |
Minimum: $30K
,
Maximum: $2M |
| Repayment Type |
Principal & Interest: 5-30 years
,
Interest Only: 1-10 years
,
Interest may be capitalised for the first 10 years where the total borrowings is less than $500k and LVR is less than 75%.
,
Interest only converts to Principal & Interest after maximum of 10 years for the remainder of the term. |
| Repayment Options |
Monthly, fortnightly or weekly. |
| Extra Repayments |
|
| Split Loan Facility |
Available. |
| Offset |
Not available. |
| Redraw Facility |
Available. No fee and no minimum redraw amount. Telephone & Internet Banking, Cheque, ATM and EFTPOS and Direct credit. |
| LVR |
Owner Occupied Maximum LVR 90%
,
Investment Maximum LVR 90%
,
Construction Maximum LVR N/A
,
Refinancing Maximum LVR 90%
,
Debt consolidation Maximum LVR 90% |
| Fees |
Application Fee $499 Includes one standard valuation
,
Ongoing Fee $0
,
Settlement Fee $65 plus Solicitors Fee $300 plus Loan Processing Fee $65 (Displayed as Mortgage Prep Fee)
,
Deferred Establishment Fee Payable if the customer discharges the loan within the first 5 years. 2.5 x notional repayment is payable where the loan facility is fully repaid within 5 years of settlement. |
| Enquire/Apply |
|