| Home Loan Lender |
 |
HomeSide Lending Home Loan |
|
| Home Loan Product Name |
Plain & Simple< $300K |
| Interest Rate |
7.53% |
Comparison Rate
Estimated |
7.56% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,051.90 |
Total Paid
Estimated |
$379,020 |
| Establishment Fee |
$300.00 |
| Enquire/Apply |
 
|
| Target Market |
The plain and simple is a basic "No frills" variable rate home loan available for the purchase of owner occupied or residential investment purposes.
,
NOTE: The Interest Only term must be selected on the loan application
,
(in section 6 - Loan Type Required) and will apply from drawdown of the loan. |
| Acceptable Income |
Self Employed, Salary and Wage Earners |
| Loan Term |
Minimum: 8 years
,
Maximum: 30 years |
| Loan Size |
Minimum: $50K
,
Maximum: case by case |
| Repayment Type |
Principal & Interest
,
First 5 years Interest only option - Monthly repayments only |
| Repayment Options |
Weekly Fortnightly or Monthly |
| Extra Repayments |
|
| Split Loan Facility |
Yes |
| Offset |
No |
| Redraw Facility |
Fee Free Redraw& Internet access available |
| LVR |
Investment Maximum LVR 95%
,
Construction Maximum LVR 95%
,
Refinancing Maximum LVR 95%
,
Vacant Land Maximum LVR 95%
,
Debt consolidation Maximum LVR 95%
,
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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.
,
This product applies to Purchases only and is NOT applicable for refinances.
,
Construction/Land now on case by case refer to BDM. |
| Fees |
Application Fee:$600
,
The Establishment Fee is waived for loans > than $300K in NSW, VIC, ACT, QLD,WA
,
The Establishment Fee is waived for loans > than $200K in SA, NT, TAS
,
Loan Service Fee: Nil
,
Document Registration Fee $150 ( varies from state to state)
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Variation fee $300 Variation of Loan Contract
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Additional Security $150per security after the first one
,
Packaging Fee $100 per mortgage account/loan product after the first one
,
Security Discharge Fee $300
,
Loan Modification Fee $200 where loan is switched from interest only to Principal & interest prior to the end of 5 years Interest Only period
,
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 |
|