| Home Loan Lender |
 |
NAB Home Loan |
|
| Home Loan Product Name |
Low Doc>$250K |
| Interest Rate |
7.74% |
Comparison Rate
Estimated |
8.50% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,138.52 |
Total Paid
Estimated |
$414,240 |
| Establishment Fee |
$600.00 |
| Enquire/Apply |
 
|
| Target Market |
General Home Market.
,
Available for Investment purposes.
,
ABN for a minimum of two years.
,
No adverse credit history. |
| Acceptable Income |
Low Doc Declaration to be signed and obtained |
| Loan Term |
Maximum loan term 30 Years |
| Loan Size |
Minimum $20K
,
No maximum |
| Repayment Type |
Principal & Interest
,
Interest calculated daily upon drawdown on outstanding balance
,
Interest Only |
| Repayment Options |
Repayment frequency - weekly, fortnightly or monthly |
| Extra Repayments |
|
| Split Loan Facility |
Available |
| Offset |
Available - Variable Rate Only |
| Redraw Facility |
Yes - redraw on surplus funds where repayments to the loan are running ahead of the prescribed schedule (minimum $2,000). |
| LVR |
Owner Occupier Maximum LVR up to 60% No LMI
,
>60%<80% LMI to apply
,
Refinance LVR up to 60% No LMI
,
>60%<80% LMI to apply
,
Investment LVR up to 60% No LMI
,
>60%<80% LMI to apply
,
Construction N/A
,
Land N/A |
| Fees |
Application Fee $300
,
Valuation Fee N/A
,
Account Keeping Fee $10pm
,
Legal Fee N/A
,
Increase Fee N/A
,
Early payout depending on facility refer to BDM |
| Enquire/Apply |
|