| Home Loan Lender |
 |
RAMS Home Loan |
|
| Home Loan Product Name |
Line of Credit Pro Pack 1>$250K |
| Interest Rate |
8.79% |
Comparison Rate
Estimated |
9.09% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,184.34 |
Total Paid
Estimated |
$435,835 |
| Establishment Fee |
$595.00 |
| Enquire/Apply |
 
|
| Target Market |
A flexible alternative to high interest credit facilities RAMS Line of Credit Pro Pack is ideal whenever you
,
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
,
Maximum: depending on LVR, mortgage insurer and postcode. |
| Repayment Type |
Principal and Interest & Interest Only maximum term 10 years |
| 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 |
Available, no minimum amount & no fee applicable. |
| LVR |
Owner Occupied Maximum LVR 90%
,
Investment Maximum LVR 90%
,
Refinance LVR 90%.
,
Land Max LVR 90%.
,
Debt Consolidation LVR 90% (to $750k metro) loans only.
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Consolidate up to five personal debts. |
| Fees |
Application Fee $395
,
Valuation Fee $200
,
Additional Valuation Fee $220
,
Account Keeping Fee Single loan $300/2-4 loans $150 per loan/5 or more loans $100 per loan (based on total number of RAMS Pro Packs held by customer)
,
Loan Settlement Fee $250 (shown as Mortgage Prep Fee)
,
Discharge Fee $295 plus Legal
,
Early Repayment Fee:Year 1-3: 1% of the original loan amount
,
Early Repayment Refund to customers that settle a new loan within 6 months of incurring the ERF on their original closed RAMS loan.
,
Conditions apply refer to BDM for further details.
,
Switching Fee $295
,
ATM, EFTPOS Cheque access 10 Free Transactions across all access methods |
| Enquire/Apply |
|