Variable Rate Home Loans - RAMS - Smartway |
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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 |
Smartway |
| Interest Rate |
7.29% |
Comparison Rate
Estimated |
7.45% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,027.34 |
Total Paid
Estimated |
$373,915 |
| Establishment Fee |
$595.00 |
| Enquire/Apply |
 
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| Target Market |
An All In One Loan designed to help you pay off your loan sooner - achieved by paying all of your income directly to the loan account and using access options (ATM,EFT, cheque). |
| Acceptable Income |
PAYG Salary / Wages/Self Employed. |
| Loan Term |
Up to 30 years. |
| Loan Size |
Minimum: $25K.
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Maximum $750K
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Maximum: depending on LVR, mortgage insurer and postcode. |
| Repayment Type |
Principal and Interest and 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.
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Available as an interest only or principal and interest option. |
| Extra Repayments |
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| Split Loan Facility |
Available at anytime (minimum $25k). |
| Offset |
Not applicable |
| Redraw Facility |
Yes. No min
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Redraw fee = $0. |
| LVR |
Owner Occupied Maximum LVR 100%
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Investment Maximum LVR 100%
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Construction Maximum LVR 95%
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Refinancing Maximum LVR 95%
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Debt consolidation Maximum LVR 95% |
| Fees |
Application Fee $395.
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Valuation Fee $200.
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Additional Valuation Fee $220
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Loan Settlement Fee $250 (shown as Mortgage Prep Fee).
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Account Keeping Fee $120 p.a.
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Discharge Fee $295
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Switch Fee $295
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Discharge Fee $295 plus legal.
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Early payout: 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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ATM, EFTPOS Cheque access 15 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 Variable Rate 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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