Basic Home Loans - Police and Nurse Credit Society - Easypay Home Loan

This loan is suitable for
Full Time, Permanent Part Time, Family Allowance A & B, Age Pension. Please refer to the Income and Debt to Servicing Ratios provided by Police and Nurses in the Lender Manuals.

Home Loan Loan Term
40 Years.
Interest only Maximum 5 years.

Home Loan Loan Size
Minimum.
30 years loan term $20K.
40 years loan term $150K.
Maximum.
30 years loan term Subject to credit policy.
40 years loan term $1 million.

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Home Loan Repayment Type
This discounted rate shown is only received if the borrower pays via electronic payroll, direct debit or periodical payment. If these payment methods are not used, a higher rate will apply.

L80 Easypay Home Loan Owner Occupier (P&I), Code.
L82 Easypay Home Loan Owner Occupier (Interest Only), Code.
L81 Easypay Home Loan Investment (Interest Only), Non-code.

Repayment Options
Weekly fortnightly or monthly.

Extra Repayments
Additional repayments are allowed.

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Split Loan Facility
Not applicable.

Offset
Available on P&I Owner Occupier loans.

Redraw Facility
Yes . Minimum $2K.

LVR for Basic Home Loans - Police and Nurse Credit Society - Easypay Home Loan

Owner Occupier Maximum LVR 95% plus capped LMI
Investment Maximum LVR 95%.
Construction Maximum LVR 95% plus capped LMI
Refinance Maximum LVR 90%.

Owner occupier 30 years - maximum LVR 95% plus capped LMI.
40 years maximum LVR 95% plus capped premium.
Residential investment.
30 years maximum LVR 95% plus capped premium.
Vacant Land Maximum 95%.
Subject to relevant lending guidelines for insurers.

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Fees for Basic Home Loans - Police and Nurse Credit Society - Easypay Home Loan

Fees are added to loan amount
Establishment fee $650 (metro <$1m)
Establishment fee $880 (metro >$1m on non metro property)
Monthly fee applies only when there is no offset $5, with offset $8
Settlement Fee $168 ($110 registration of mortgage (varies per state), title search $32 and title search admin fee $26)
Establishment Fee plus Settlement Fee is shown as Establishment Fee
Documentation Fee $500 (not including WA) - shown as Preparation Fee
A Deferred Establishment Fee of $1500 is payable if 75% or more of the amount of loan is repaid within 3 years of the establishment of the loan
Valuation Fee is covered in the Establishment/Application Fee. Any additional valuation fees are charged as below:
Metro:
Property value $0 - $1M - $210
Property value $1M+ - $440
Property value $1.5M+ - at cost
Non Metro:
Property value $0 - $1M - $440
Property value $1M+ - at cost
Product Change $410.
Opening any Savings Account or Lending Product required to purchase a $10 share per member/person