Line of Credit Home Loans - ING DIRECT - Smart H/L LOC<$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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ING DIRECT Home Loan |
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| Home Loan Product Name |
Smart H/L LOC<$300K |
| Interest Rate |
7.79% |
Comparison Rate
Estimated |
8.50% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,136.40 |
Total Paid
Estimated |
$414,360 |
| Establishment Fee |
$0.00 |
| Enquire/Apply |
 
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| Target Market |
Owner Occupier Residential Investment
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Consists of two accounts the Line of Credit and linked Nil
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Interest Visa Account (NIVA)
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Total approved credit limit is aggregation of the two accounts
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Salary credited directly to account to minimise interest. Access to
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Line of Credit account and NIVA funds available throughout the month
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Designed for self-employed and PAYG income earners
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NIVA Funds are not available at settlement |
| Acceptable Income |
Applicant Types
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PAYG Income Earners
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Self Employed |
| Loan Term |
Reviewed every 5 years |
| Loan Size |
Minimum $50K
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Maximum $2 million |
| Repayment Type |
Interest Only |
| Repayment Options |
Monthly and fortnightly
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Monthly NIVA Repayment - NIVA operates as a separate account, with a separate limit
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On first day of each month, NIVA account balance from the previous
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month sweeps into Line of Credit |
| Extra Repayments |
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| Split Loan Facility |
Yes- fees apply |
| Offset |
Not available |
| Redraw Facility |
Yes Cheque access and visa Card access Conditions apply.
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Telephone and Internet Banking & Bpay available |
| LVR |
LVR without Mortgage Insurance up to 80%
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LVR with Mortgage Insurance Maximum 90% plus LMI |
| Fees |
Establishment Fess Nil
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Annual Service Fee $180
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Additional Valuations fees commence at $200 for a standard valuation which are paid upfront, Refer to Postcode Valuation Costs in Lender Doc Folder Loan Applications
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Fess for Changes to the Letter of Loan Offer $250
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Variation Fee $100 plus
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Increase / Decrease $100
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Consent to 2sd Mortgage $100
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Substitution of Security $100
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Document & Settlement Fee $220 (displayed as Mortgage Preparation) |
| Enquire/Apply |
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| Other Line of Credit Home Loans |
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| Other ING DIRECT 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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