| Home Loan Lender |
 |
NAB Home Loan |
|
| Home Loan Product Name |
Home Equity LOC |
| Interest Rate |
8.94% |
Comparison Rate
Estimated |
9.12% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,200.46 |
Total Paid
Estimated |
$438,000 |
| Establishment Fee |
$600.00 |
| Enquire/Apply |
 
|
| Target Market |
NAB Home Equity Line of Credit (HELOC) is a flexible and cost effective overdraft solution for customers seeking a line of credit (LOC) product. |
| Acceptable Income |
PAYG SELF EMPLOYED. |
| Loan Term |
Reviewed Yearly. |
| Loan Size |
Minimum amount $20K
,
No Maximum. |
| Repayment Type |
Principal & Interest & Interest Only. |
| Repayment Options |
Interest Only Monthly. |
| Extra Repayments |
|
| Split Loan Facility |
Yes maximum of 2 splits for the same property with just 1 Application Fee. |
| Offset |
|
| Redraw Facility |
Yes any time over the phone, online or at any of our ATM up to the facility limit. |
| LVR |
Owner Occupier Maximum LVR 90%
,
Investment Maximum LVR 90%
,
Construction Maximum LVR 90%
,
Refinance Maximum LVR 90%% higher LVR refer to Lender
,
Land Maximum LVR90%
,
Debt Consolidation Maximum LVR 90% |
| Fees |
Application Fee $600 - Split - Personal & Investment at no cost
,
Loan Admin Fee $15 pm
,
Valuation Fee N/A
,
Free Transaction Per Month Unlimited ATM, EFTPOS, Cheque
,
Telephone & Internet Banking
,
Account Keeping Fee N/A
,
Legal Fees N/A
,
Settlement Processing Fee N/A
,
Increase Fee $600
,
Early Exit Fee if loan repaid in full within 4 years $900 |
| Enquire/Apply |
|