Variable Rate Home Loans - Home Loans Ltd - Smart Saver

This loan is suitable for
PAYG: Minimum 6 mths in current employment with 2 yrs in same industry
Self-employed: Minimum 2 yrs in current situation (GST registered for minimum of 12 months).
Applicants must demonstrate 5% genuine savings (for 3 months) for all applications where LMI or REF applies.

Home Loan Loan Term
Up to 30 years

Home Loan Loan Size
Minimum $50K

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Home Loan Repayment Type
Principal & Interest 10 to 30 Years. and Interest Only 1 to 5 Years

Repayment Options
Fortnight, Monthly.

Extra Repayments
Additional repayments may be made at any time. During a fixed rate period up to a maximum of $10K per annum over and above the normal repayments are permitted.

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Split Loan Facility
Available.

Offset
Not available.

Redraw Facility
Unlimited free redraws if done via telephone & internet banking. Manual: Fee $25 and minimum redraw amount $2K.

LVR for Variable Rate Home Loans - Home Loans Ltd - Smart Saver

Owner Occupier 90%
Construction Maximum LVR 90%
Investment Maximum LVR 90%
Refinancing Maximum LVR 85%
Vacant Land Maximum LVR 50%
Debt Consolidation Maximum LVR 90%
Owner Occupied with Reduced Equity Fee Maximum LVR 90%
Investment with Reduced Equity Fee Maximum 90% without Reduced Equity Fee 85% (loans $800K<$1,000K maximum LVR 85% excluding fee)

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Fees for Variable Rate Home Loans - Home Loans Ltd - Smart Saver

Establishment Fee $199
Valuation Fee - At Cost (Average valuation costs on a standard property are $240). Valuation fee is chargeable following conditional approval and prior to the valuation/s being ordered.
Mortgage Prep Fee $580 ( Legal & Loan Processing Fee & Settlement Fee)
Additional Contract Fee $0
Ongoing Fees Nil
Fixed Rate Lock available for $499

Deferred Establishment Fee:
1st Year: 1.20% 2nd Year: 1.00% 3rd Year: 0.80% 4th Year: 0.60%, 5th Year: 0.40% of approval amount.

Redraw Fee: Nil Fees apply if done via telephone and internet banking. Manual fee: $25
Product change Fee: $250