This loan is suitable for
A minimum income of $80K per household
Home Loan Loan Term
Max 30 Years
Home Loan Loan Size
Minimum amount $250K
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
Interest Capitilisation available for 4 star brokers only
Extra Repayments
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Split Loan Facility
Available up to 12 Sub Accounts
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 Professional Package Home Loans - NAB - Portfolio Package LOC >$1M
Investment Maximum LVR 95%
Owner Occupier Maximum & Vacant Land can be used as security together with residential Normal LMI applies above 80% We can look at 95% - but it is of course subject to LMI
Refinance Maximum LVR 95%
Debt Consolidation Maximum LVR 90%
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 Professional Package Home Loans - NAB - Portfolio Package LOC >$1M
Annual Service Fee $550
No Application or Facility Fee
Other standard service fees may apply: repeat statements, dishonour fees etc refer to Guide to Fees & Charges - Personal Banking Fees.