| Home Loan Lender |
 |
Suncorp Home Loan |
|
| Home Loan Product Name |
Asset Line |
| Interest Rate |
9.67% |
Comparison Rate
Estimated |
9.61% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,258.00 |
Total Paid
Estimated |
$457,080 |
| Establishment Fee |
$600.00 |
| Enquire/Apply |
 
|
| Target Market |
Allows the borrower access to funds from $10K up to an agreed credit limit. Access is by way of cheque book and electronic access. There are no regular repayments, with interest charged only on the funds used by the borrower. This product can be used for Personal Purposes or Investment Purpose not for Business Purposes. |
| Acceptable Income |
As per policy guidelines. |
| Loan Term |
30 Years. |
| Loan Size |
Minimum: $10K.
,
Maximum: Unlimited. |
| Repayment Type |
Interest only (Interest is capitalised).
,
Principal Reductions allowed. |
| Repayment Options |
Weekly, Fortnightly, Repayment frequency not required while the balance remains below the approved limit.
,
Interest Only when fully drawn. |
| Extra Repayments |
|
| Split Loan Facility |
Yes. |
| Offset |
Not available. |
| Redraw Facility |
Direct from Asset Line account. |
| LVR |
Owner Occupier Maximum LVR 90%.
,
Investment Maximum LVR 90%.
,
Construction N/A.
,
Refinance Maximum LVR 90%.
,
Vacant Land N/A. |
| Fees |
Establishment Fee $600.
,
Additional Valuation Fee $160
,
Add Loan Establishment Fee:$300.
,
Monthly Account Keeping Fee $10 per month.
,
10 free standard free transactions a month then 60c each withdrawals/deposits/collections.
,
Establishment fee includes all Valuations and Legal Fees.
,
Split Loan Fee $200 |
| Enquire/Apply |
|