| Home Loan Lender |
 |
ING DIRECT Home Loan |
|
| Home Loan Product Name |
Action Equity Loan |
| Interest Rate |
9.59% |
Comparison Rate
Estimated |
9.61% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,271.14 |
Total Paid
Estimated |
$457,560 |
| Establishment Fee |
$0.00 |
| Enquire/Apply |
 
|
| Target Market |
Borrowers who require ready access to their equity for wealth creation or lifestyle improvement opportunities. Can be in a Company Name. |
| Acceptable Income |
Applicant Types
,
PAYG Income Earners
,
Self Employed
,
Retirees evidence of ongoing capacity to repay after retirement is mandatory |
| Loan Term |
Reviewed every 5 years |
| Loan Size |
Minimum $50K
,
Maximum $2M
,
Investment 90% for loan amounts up to $300,000 |
| Repayment Type |
Interest Only |
| Repayment Options |
No repayments required until balance reaches 90% of approved loan limit |
| Extra Repayments |
|
| Split Loan Facility |
Yes- fees apply |
| Offset |
Not available |
| Redraw Facility |
Yes Cheque access Conditions apply for access to Telephone and Internet Banking |
| LVR |
LVR without Mortgage Insurance up to 80%
,
LVR with Mortgage Insurance Maximum up to 90% |
| Fees |
Establishment Fess Nil
,
Account keeping fee Nil
,
Additional Splits - $100
,
Additional Valuations fees commence at $200 for a standard valuation which are paid upfront, please refer to your Relationship Manager for associated costs in all instances.
,
Document & Settlement Fee Fee displayed as Mortgage Preparation )
,
Document & Settlement Fee $165 (WA/SA/ACT/TAS)
,
Document & Settlement Fee $220 (NSW/VIC/QLD)
,
Increase / Decrease $100
,
10 free transactions per month |
| Enquire/Apply |
|