Fixed Rate Home Loans - St George Bank - Portfolio 1yr Fixed |
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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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St George Bank Home Loan |
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| Home Loan Product Name |
Portfolio 1yr Fixed |
| Interest Rate |
7.14% |
Comparison Rate
Estimated |
7.96% |
| Amount |
$150,000 |
| Term |
30 years |
Initial Monthly Payment
Estimated |
$1,012.10 |
Monthly Payment
Estimated |
$1,082.58 |
Total Paid
Estimated |
$394,768 |
| Establishment Fee |
$700.00 |
| Enquire/Apply |
 
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| Target Market |
People who want to own their own home sooner.
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People who have greater than 10% equity in their property/s.
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People who have a number of different borrowing and lifestyle requirements. |
| Acceptable Income |
Self employed, Salary & Wage earners.
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Serviceability Ratio LVR <=80% and loan does not require LMI - 1.00 times.
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LVR <=90% and LMI is required - 1.10 times
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LVR is >90% and LMI is required - 1.10 times
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On Income Calculations Worksheet use 2% of limit, highest balance in the last 3 mths, or nil limit if card cleared each month for the last 3 mths
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For Investment Loans calculate 12 months worth of interest at the qualifying rate and take this amount off taxable income before assessing for tax. |
| Loan Term |
Evergreen (No Term). |
| Loan Size |
Minimum Limit $10K
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Second and Subsequent Sub Accounts $2K minimum limit. |
| Repayment Type |
Minimum payment of Interest plus fees and charges accrued during the month. Capitalisation is allowed within the limit on sub accounts where a fixed or variable interest rate has been selected not available for primary sub-account. |
| Repayment Options |
Interest Only plus monthly admin fee.
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Capitalisation of monthly repayments on all sub-accounts (both unregulated and regulated) except the Primary sub-account. Selected customers can request a repayment profile to better suit their individual needs. |
| Extra Repayments |
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| Split Loan Facility |
Yes. Trading Name can now be added to any subaccount, including the primary sub-account, of a Portfolio or Low Doc Portfolio loan. |
| Offset |
Borrowers can draw back up to approved limit on variable rate sub-accounts. |
| Redraw Facility |
Borrowers can draw back up to approved limit. |
| LVR |
Owner Occupied Maximum LVR 90%
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Investment Maximum LVR 90%
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Construction Maximum LVR 90%
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Refinancing Maximum LVR 85%
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Up to < 80% for Vacant Land as a single security
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LVR > 80% LMI
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LVR 85% for Refinance with or without consolidation of Debt
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LVR 90% for Purchase, Construction.
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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. |
| Fees |
Application Fee:$700 (Split Facilities $154 ea)
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Settlement/Lodgement Fee:$ 100 per sub account (Fee displayed as Mortgage Preparation )
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Additional Securities:$100 Legal Fee, Plus Govt. Costs.
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Additional Valuations:$0 Valuers travelling allowance payable by customer.
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Redistribution of Limits:$ 10 per redistribution
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Applicants have an option to choose to pay one annual fee for up for up to 10 sub accounts or pay a monthly fee
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Administration Fee:$14 per month or capped Annual Fee $200
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Unlimited free Phone and Internet Banking transactions.
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No Annual Review Fee or Unused Limit/Line Fee
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Increase Fee $500
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Switch Fee to Portfolio $500
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Rate Lock Fee 0.15% of the loan amount or $500 whichever is higher)
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Consent to Subdivision $350
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Substitution of Security $350
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Renegotiation $500
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Discharge of Mortgage Fee $350
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Discharge Settlement Processing Fee $100
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Progress Payment Administration Fee $250
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Progress Payment Final Inspection Fee $102.50
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Arrears Letter Fee $50
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Early Termination Fee:$1,000 if loan discharged in the first 3 years, Negotiable Rate on sub accounts. |
| Enquire/Apply |
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| Other Fixed Rate Home Loans |
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| Other St George Bank 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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