| Home Loan Lender |
 |
RAMS Home Loan |
|
| Home Loan Product Name |
3 yr fixed Pro Pack 1 |
| Interest Rate |
6.89% |
Comparison Rate
Estimated |
7.27% |
| Amount |
$150,000 |
| Term |
30 years |
Initial Monthly Payment
Estimated |
$986.90 |
Monthly Payment
Estimated |
$996.33 |
Total Paid
Estimated |
$367,831 |
| Establishment Fee |
$595.00 |
| Enquire/Apply |
 
|
| Target Market |
Savvy customers eligible for professional pricing who want a flexible fixed rate loan.
,
Customers who have a longer term ownership horizon who want to benefit from lower rates in the earlier stages of their loan
,
Business purpose loans, loan amount and LVR restrictions apply refer separate guidelines. |
| Acceptable Income |
PAYG Salary / Wages /Self Employed |
| Loan Term |
1, 2, 3, 4, 5 and 10 yr fixed term. |
| Loan Size |
Fixed Rate Pro Pack 1 = Minimum $250K. Maximum $499,999
,
Fixed Rate Pro Pack 2 = Minimum $500K. No Maximum |
| Repayment Type |
Fixed 1 to 5 & 10 year
,
Principal and Interest & Interest Only term 1 - 5 years & 10 yrs (NB. 10 yrs IO for Investment purpose only & IO can not be less that fixed term) |
| Repayment Options |
Weekly, fortnightly or monthly.
,
Available as an interest only or principal and interest option.
,
Available for accelerated payments. |
| Extra Repayments |
|
| Split Loan Facility |
Available at anytime minimum of $50k. |
| Offset |
Not available. |
| Redraw Facility |
Redraw $10 Fee. Minimum redraw amount $1000. |
| LVR |
Owner Occupied Maximum LVR 100%
,
Investment Maximum LVR 100%
,
Construction Maximum LVR 95% plus LMI capitalisation Maximum 98%
,
Refinancing Maximum LVR 95%
,
Debt consolidation Maximum LVR 95%
,
Owner Occupied Max LVR 100% (100% of purchase price, evidence of transaction costs required).
,
Investment Maximum LVR 95% (Must hold 20% equity in other residential real estate).
,
Refinance LVR 95%. (Where equity release funds/debt consolidation required LVR <=90%).
,
Land Max LVR 90%.
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Debt Consolidation LVR 95% (to $750,000 metro) loans only.
,
Consolidate up to five personal debts. (Where equity release funds/debt consolidation required LVR <=90%). |
| Fees |
Application Fee $395.
,
Valuation Fee $200.
,
Discharge Fee $295 plus legals.
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Loan Settlement Fee $250 (shown as Mortgage Prep Fee).
,
Account Servicing Fee: Single Pro Pack loan $300 p.a. / 2-4 Pro Pack loans $150 p.a. per loan / 5+ Pro pack loans $100 p.a. per loan
,
Redraw Fee $10
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Early payout: Years 1-3: 1% of the original loan amount. Plus Break costs for fixed period
,
Fixed Rate Lock-in Fee = 0.15% of credit limit available at application |
| Enquire/Apply |
|