This loan is suitable for
PAYG SELF EMPLOYED
Home Loan Loan Term
Loan Term 30 Years ( Renewable yearly)
Home Loan Loan Size
Minimum amount $20K
No Maximum
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Home Loan Repayment Type
Principal & Interest
Interest calculated daily upon drawdown on outstanding balance
Repayment Options
Repayment frequency - weekly, fortnightly or monthly
Extra Repayments
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Split Loan Facility
Yes
Offset
Yes standard savings rate
Redraw Facility
Yes - redraw on surplus funds where repayments to the loan are running ahead of the prescribed schedule (minimum $2,000).
LVR for Intro Rate Home Loans - NAB - 1 yr Intro fixed
Owner Occupier Maximum LVR 95%
Refinance Maximum LVR 95% higher LVR refer to Lender
Investment Maximum LVR 95%
Construction Maximum LVR 95%
Land Maximum LVR 95%
Effective 1st May 2009, Broker Star Rating determines Max LVRs applicable for new customers:
4 Star Brokers - Max LVR 95%
2 & 3 Star Brokers - Max LVR 90%
0 & 1 Star Brokers - Not able to submit new business.
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Fees for Intro Rate Home Loans - NAB - 1 yr Intro fixed
Application Fee $600 for < $300K
Application Fee $0 for > $300K
Valuation Fee N/A
Account Keeping Fee $10pm
Legal Fee N/A
Increase Fee N/A
Early Exit Fee if loan repaid in full within 4 years $900