| Home Loan Lender |
 |
RAMS Home Loan |
|
| Home Loan Product Name |
Easy Start |
| Interest Rate |
8.65% |
Comparison Rate
Estimated |
8.82% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,169.35 |
Total Paid
Estimated |
$425,755 |
| Establishment Fee |
$595.00 |
| Enquire/Apply |
 
|
| Target Market |
Savvy customers eligible for professional pricing who want a flexible discounted variable 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 |
Maximum term 30 years. |
| Loan Size |
Minimum $50K.
,
No Maximum |
| Repayment Type |
Principal and Interest & Interest Only 1 - 5 years & 10 yrs (NB. 10 yrs IO for Investment purpose only) |
| Repayment Options |
Weekly, fortnightly or monthly on any nominated day.
,
Available as an interest only option 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 |
Yes, Free - $1000 minimum. |
| LVR |
Owner Occupied Maximum LVR 100%
,
Investment Maximum LVR 100%
,
Construction Maximum LVR 95%
,
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 100% (Must hold 20% equity in other residential real estate).
,
Refinance LVR 95%. (For 90+ LVR equity release funds allowed to maximum of 5% of total loan).
,
Land Max LVR 90%.
,
Debt Consolidation LVR 95% (to $750Kmetro) loans only.
,
Consolidate up to five personal debts.
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Max LVR on purchase price evidence of transaction costs required.
,
Must hold 20% equity in other residential real estate. |
| Fees |
Application Fee $395.
,
Valuation Fee $200.
,
Additional Valuation Fee $220
,
Loan Settlement Fee $250 (shown as Mortgage Prep Fee).
,
Account Servicing Fee $150 p.a.
,
Discharge Fee $295 plus legals.
,
Loan Conversation Fee $595 (Convert to any full doc product (excluding Easy Start) at anytime).
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Early payout: Yr 1-3: 1% the original loan amount. |
| Enquire/Apply |
|