Bridging Home Loans - St George Bank - Relocation Loan |
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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 |
Relocation Loan |
| Interest Rate |
7.74% |
Comparison Rate
Estimated |
7.89% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,073.58 |
Total Paid
Estimated |
$390,840 |
| Establishment Fee |
$600.00 |
| Enquire/Apply |
 
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| Target Market |
Purchase a new home immediately with 6 months to sell existing property, or Construct new home with 12 months to sell existing (inclusive)
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Bridging Loan with no end debt also available fee of $1350 applies. |
| Acceptable Income |
Self employed, Salary& Wage Earners. |
| Loan Term |
6 months for existing home purchase.
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12 months for construction.
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Refer Product Specifications for the end debt product. |
| Loan Size |
Minimum of $10K
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Maximum refer to BDM for amount over $1M. |
| Repayment Type |
Capitalising. Refer Product Specifications for the end debt product. |
| Repayment Options |
Based on End Loan Amount (end loan may be one of many St.George Products)
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Weekly, Fortnightly or Monthly Principal & Interest & Interest Only. |
| Extra Repayments |
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| Split Loan Facility |
Yes. |
| Offset |
Yes 100% on end loan Honeymoon and Standard Variable rate. |
| Redraw Facility |
Not available during the construction period or Relocation period. |
| LVR |
Owner Occupied Maximum LVR 90%
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Investment Maximum LVR 80%
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Construction Maximum LVR 90%
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Refinancing Maximum LVR 90%
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No End Debt LVR the maximum LVR is 80% based on the Projected Peak Debt.
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End Debt LVR the maximum LVR iis 90% based on the Projected
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Peak Debt for both owner occupied and investment loans maximum LVR 80% LMI applicable.
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No End Debt and End Debt Valuations
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For the property being purchased use the purchase price, where permitted by valuation policy.
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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 $600
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Note - with no end debt Application Fee $1350
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Settlement/Lodgement Fee:$ 100 per loan account (Fee displayed as Mortgage Preparation )
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Additional Valuations:$0 Valuers travelling allowance payable by customer.
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Additional Security $100
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On going fees Depends on end debt product selected.
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Fixed Rate Repayment Fee this fee will apply to home loans that are fully discharged before the end of their fixed rate period : $150
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Redraw Fee Electronic $10
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Manual $25
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Increase Fee $500
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Switch Fee to LIS $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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Arrears Letter Fee $50 |
| Enquire/Apply |
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| Other Bridging 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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