Variable Rate Home Loans - HomeSide Lending - Offset<$300K |
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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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HomeSide Lending Home Loan |
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| Home Loan Product Name |
Offset<$300K |
| Interest Rate |
8.75% |
Comparison Rate
Estimated |
8.88% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,180.05 |
Total Paid
Estimated |
$428,280 |
| Establishment Fee |
$600.00 |
| Enquire/Apply |
 
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| Target Market |
A Principle and interest loan account, which links an everyday transaction account (Deposit Offset Account) to a loan (Offset Home Loan).
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The balance of the transaction account is used to 100% offset the equivalent balance of the loan account for the purpose of calculating interest on the loan. This reduces the interest payable on the loan, which reduces the term of the loan. There is unlimited access to money in the transaction account via cheque book and Visa Debit Access Card. |
| Acceptable Income |
Self Employed, Salary and Wage Earners |
| Loan Term |
Minimum: 8 years
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Maximum: 30 years |
| Loan Size |
Minimum: $50K
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Maximum: case by case |
| Repayment Type |
Principle & Interest |
| Repayment Options |
Weekly, Fortnightly or Monthly. |
| Extra Repayments |
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| Split Loan Facility |
Additional loan accounts available (Note: $100 Fee applies for each additional product/account) |
| Offset |
100% |
| Redraw Facility |
Fee Free Redraw
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Available on additional funds that have been repaid on the Offset Home Loan (at any time). |
| LVR |
Owner Occupier: LVR 95% maximum
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Refinance LVR 95% maximum
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Investment: LVR 95% maximum
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This is available for Principal and Interest Products. Interest Only products can be used where the Interest Only period is limited to a maximum of 5 years then converts to Principal and Interest, including Plain and Simple Interest Only option and HomeSide HomePlus.
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This product applies to Purchases only and is NOT applicable for refinances. |
| Fees |
Application Fee:$600
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The Establishment Fee is waived for loans > than $300K in NSW, VIC, ACT, QLD, WA
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The Establishment Fee is waived for loans > than $200K in SA, NT, TAS
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A fee of $150 for each additional security property is applicable.
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Loan Service Fee:$8 per month
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Fees on Deposits/Cheque's Nil on Deposit offset account
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Variation fee $300 Variation of Loan Contract
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Document Registration Fee $150 ( varies from state to state)
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Additional Security $150 per mortgage account/loan product after the first one
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Packaging Fee $100 per mortgage account/loan product after the first one
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Fixing Fee $100 where loan is refixed from a variable period
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Security Discharge Fee $300
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Full Telephone Banking services provided
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Early Exit Fee of $1200 does not reduce over time and is payable if the loan is refinanced or repaid in full within 4 years of the settlement date |
| Enquire/Apply |
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| Other Variable Rate Home Loans |
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| Other HomeSide Lending 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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