| Home Loan Lender |
 |
Home Loans Ltd Home Loan |
|
| Home Loan Product Name |
Premium Prof Pack LOC |
| Interest Rate |
9.10% |
Comparison Rate
Estimated |
9.43% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,217.74 |
Total Paid
Estimated |
$448,879 |
| 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 |
Self Employed or PAYG borrowers |
| Loan Term |
30 Years. |
| Loan Size |
Minimum $30K.
,
Maximum < 80% $2M ($1m Per security). |
| Repayment Type |
Principal & Interest
,
Interest Only Minimum 1 Year Maximum 5 Years Maximum LVR 90%
,
Interest Only Minimum 1 Year Maximum 10 Years Maximum LVR 85%
,
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 P & I after maximum of 10 years for the remainder of the term. |
| Repayment Options |
Monthly, Fortnightly or Weekly. |
| Extra Repayments |
|
| Split Loan Facility |
Yes. |
| Offset |
Not applicable. |
| 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 |
|