Variable Rate Home Loans - RAMS - Standard Variable |
 |
 |
to select a different loan amount and loan term. Currently: $150,000 over 30 years |
|
| Home Loan Lender |
 |
RAMS Home Loan |
|
| Home Loan Product Name |
Standard Variable |
| Interest Rate |
9.29% |
Comparison Rate
Estimated |
9.35% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,238.36 |
Total Paid
Estimated |
$446,275 |
| Establishment Fee |
$595.00 |
| Enquire/Apply |
 
|
| Target Market |
A flexible standard variable home loan that helps you to offset the interest you pay by making additional payments whereby you pay off your loan sooner at a preferential rate. |
| Acceptable Income |
PAYG Salary / Wages/ Self Employed |
| Loan Term |
Maximum term 30 years. |
| Loan Size |
Minimum $50K
,
Maximum $750K
,
Maximum: depending on LVR, mortgage insurer and postcode. |
| Repayment Type |
Principal & Interest
,
Interest Only up to a total of 5 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 fixed loan amount $50K |
| Offset |
Not Available |
| Redraw Facility |
Available Minimum Amount $100
,
Redraw fee = $0 |
| LVR |
Owner Occupied Maximum LVR 100%
,
Investment Maximum LVR 95%
,
Construction Maximum LVR 95%
,
Refinancing Maximum LVR 95%
,
Debt consolidation Maximum LVR 95%
,
Construction: Full Doc & Low Doc Max LVR 95% - $750k/ LVR 80% - $1M
,
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 $750,000 metro) loans only.
,
Consolidate up to five personal debts.
,
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 $220
,
Account Servicing Fee Nil
,
Discharge Fee $295 plus Legal
,
Loan Settlement Fee $250 (shown as Mortgage Prep Fee).
,
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
,
Loan Fixing F22 $295 post settlement |
| Enquire/Apply |
|
| Other Variable Rate Home Loans |
 |
|
|
|
|
 |
| Other RAMS Home Loan Products |
|
|
|
|
|
|
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.
|