Professional Package Home Loans - St George Bank - 1 yr Intro Fixed Advantage>$250K

This loan is suitable for
Self employed, Salary & Wage earners.

Home Loan Loan Term
30 years.
Interest Only Loans revert to Standard Variable P & I after I/O term at which time they may be renegotiated.

Home Loan Loan Size
Minimum: $10K
Maximum no maximum.

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Home Loan Repayment Type
Principal & Interest
Interest Based 1 - 15 years.

Repayment Options
Weekly Fortnightly or monthly
Interest Only monthly repayment.

Extra Repayments
Principal repayments of $10,000 per 12 months during the fixed period may be made on Principal & Interest and interest based repayments without incurring break costs. Extra repayments allowed on Standard Variable and Discount Variable Rate P & I and or Interest Only
Automatic Additional repayments not allowed on Fixed Interest Only Loans.
Break cost may apply on early payout of Fixed Rates and Early termination Fee on the Honeymoon loans.

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Split Loan Facility
Yes.

Offset
100% offset available on both Honeymoon and Standard Variable products on a P & I and Interest only basis. Link loan to Freedom Savings Account. Offset Service Fee: $5 pm on loan.

Redraw Facility
No minimum Amount (available on internet). Manual Fee: $25. Electronic Fee $10.
Fixed Rate Loans: Customers have the ability to redraw additional payments made (referred to as prepayments) up to a limit of $10,000 per 12 month period.
Note redraw isn't available until the next payment due date after settlement.
With most of our products (excluding Portfolio Loan / line of credit) funds paid into the loan are not available when they have been deposited, until the next payment date. The system holds the deposit until the payment due date and then shows the additional funds (over and above the repayment due) as available redraw. Redraw is not automatic on a loan and clients may need to apply for a redraw facility to be active on their loan.
When St George loan settles, the surplus funds are usually deposited into a nominated St George Bank account on date of settlement. This needs to be specified in the disbursement form which the client receives with the loan documentation.
Maximum Redraw: via Internet Banking is $30,000 per day, phone and internet transfers can only be made into St George Bank accounts.

LVR for Professional Package Home Loans - St George Bank - 1 yr Intro Fixed Advantage>$250K

Owner Occupied Maximum LVR 95%
Investment Maximum LVR 95%
Construction Maximum LVR 95% - Construction N/A for Fixed
Refinancing Maximum LVR 90%

Maximum LVR of 95% for existing customers only (please refer to Special Credit Critera for definition of an existing customer)
Maximum LVR of 90% for new customers.

Where Consolidation of debt forms part of loan sought to 85% - 90% neg.
Country & Special Rural Zoned Securities - LVR on application.

FASTRefi® is a process that allows settlement for refinancing of residential loans to be completed within days of the customer signing the loan documents. For more information on this service contact your broker support centre Mortgage Central on 1300 137 532.

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Fees for Professional Package Home Loans - St George Bank - 1 yr Intro Fixed Advantage>$250K

Establishment Fee:$600 (includes 1 valuation)
Settlement/Lodgement Fee:$ 100 per loan (Fee displayed as Mortgage Preparation )
Monthly Service Fee:$10 per month
Additional Valuations:$0 Valuers travelling allowance payable by customer.
Additional security fee $100
Early Repayment Fee $1K for negotiated interest rates standard loans with Advantage Package with discounted rates or receive a discount on a Fixed Rate and discharge the loan within 3 years will be liable for ERF plus Breakcosts if applicable.
Early Termination fee. 0.9% of the loan amount if an introductory home loan is discharged in full within 4 years of the settlement date.
Fixed Rate Repayment Fee this fee will apply to home loans that are fully discharged before the end of their fixed rate period : $150
Redraw Fee Electronic $10
Manual Redraw Fee $25
Increase Fee $500
Switch Fee $500
Switch Fee to Portfolio $500
Rate Lock Fee 0.15% of the loan amount or $500 whichever is higher
Consent to Subdivision $350
Substitution of Security $350
Renegotiation $500
Discharge of Mortgage Fee $500
Discharge Settlement Processing Fee $100
Progress Payment Administration Fee $250 (Contract Builders)
Progress payment final inspection fee $102.50
Arrears Letter Fee $50
Split Fee $150
Refer to Fee Guide in Lender Manual Folder for full list of the fees.