Line of Credit Home Loans - RAMS - Line of Credit |
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to select a different loan amount and loan term. Currently: $150,000 over 30 years |
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| Home Loan Lender |
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RAMS Home Loan |
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| Home Loan Product Name |
Line of Credit |
| Interest Rate |
7.39% |
Comparison Rate
Estimated |
7.61% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,037.55 |
Total Paid
Estimated |
$380,395 |
| Establishment Fee |
$595.00 |
| Enquire/Apply |
 
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| Target Market |
A flexible alternative to high interest credit facilities RAMS Line of Credit Pro Pack is ideal whenever you
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need instant cash for purchases or investments. |
| Acceptable Income |
PAYG Salary / Wages /Self Employed. |
| Loan Term |
Maximum term 30 years. |
| Loan Size |
Minimum $250K. & $500k
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Maximum: depending on LVR, mortgage insurer and postcode. |
| Repayment Type |
Principal and Interest & Interest Only . Evergreen line of credit |
| Repayment Options |
Weekly, fortnightly or monthly on any nominated day.
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Available as an interest only option or principal and interest option.
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Available for accelerated payments. |
| Extra Repayments |
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| Split Loan Facility |
Available at anytime minimum of $50k. |
| Offset |
Not available. |
| Redraw Facility |
Available, no minimum amount & no fee applicable |
| LVR |
Owner Occupied Maximum LVR 90%
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Investment Maximum LVR 90%
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Construction Maximum LVR 0
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Refinancing Maximum LVR 90%
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Debt consolidation Maximum LVR 90%
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Debt Consolidation LVR 90% (to $750,000 metro) loans only.
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Consolidate up to five personal debts. |
| Fees |
Application Fee $395
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Valuation Fee $200
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Additional Valuation Fee $220
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Account Keeping Fee $200
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Loan Settlement Fee $250 (shown as Mortgage Prep Fee)
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Discharge Fee $295 plus Legal
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Early Repayment Fee:Year 1-3: 1% of the original loan amount
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Early Repayment Refund to customers that settle a new loan within 6 months of incurring the ERF on their original closed RAMS loan.
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Conditions apply refer to BDM for further details.
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Switching Fee $295
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ATM, EFTPOS Cheque access 10 Free Transactions across all access methods
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Loan FixingFee $295 post settlement only
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Customers who convert their current loan to a construction loan will not be charged the $295 Conversion Fee. A Conversion Fee is payable if changes are made such an increase or a change of product.
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Construction Loan Fee Progress Payment Fee $50 per Progress Payment |
| Enquire/Apply |
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| Other Line of Credit Home Loans |
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| Other RAMS Home Loan Products |
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This Comparison Rate applies only to $150,000 with a loan term of 30 years. The loan amount and term will affect the comparison rate calculation. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparsion rate calculation but may influence the cost of the loan.
This rate is to be used as a guide only and we recommend that you confirm it with the lender before acting upon it.
The information provided in this website is a guide only and may not be complete for your purposes. ratesonline.com.au is not licensed to provide investment advice and recommends that you consult an independent financial adviser.
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