| Home Loan Lender |
 |
The Rock Building Society Home Loan |
|
| Home Loan Product Name |
1 yr fixed |
| Interest Rate |
6.79% |
Comparison Rate
Estimated |
7.85% |
| Amount |
$150,000 |
| Term |
30 years |
Initial Monthly Payment
Estimated |
$976.89 |
Monthly Payment
Estimated |
$1,084.89 |
Total Paid
Estimated |
$391,704 |
| Establishment Fee |
$600.00 |
| Enquire/Apply |
 
|
| Target Market |
Owner Occupier and Investors. |
| Acceptable Income |
PAYG and Self Employed applicants, Company and Trust. |
| Loan Term |
Minimum: 1 year.
,
Maximum: 30 years. |
| Loan Size |
Minimum $50K .
,
Maximum $3.5 million. |
| Repayment Type |
Principal & Interest OR Interest Only (max imum5 years).
,
Line of Credit option available. |
| Repayment Options |
Weekly, Fortnightly or Monthly payments. |
| Extra Repayments |
|
| Split Loan Facility |
Yes up to six splits available. |
| Offset |
Up to six 100% Mortgage Offset accounts are available on every loan Monthly Offset Account Keeping Fee $12 per Offset Account |
| Redraw Facility |
Nil Fee Minimum redraw $1000, A/C must hold one month payment in advance. Maximum LVR after redraw not to exceed 95%.. |
| LVR |
Owner Occupied & Construction Maximum LVR 95% plus LMI.
,
Investment Maximum LVR 95%.
,
Vacant Land Maximum LVR 90%.
,
Interest Only Loans Maximum LVR 90% New 95%.
,
Refinancing Maximum LVR 95%.
,
Debt consolidation Maximum LVR 90%. |
| Fees |
Application Fee $600 (includes the valuation of one security property)
,
Additional Valuation Fee $275. (To the value of $1 million the Valuation Fee will be added to the Application Fee).
,
Nil Rate Lock In on Application Fee
,
Progress Inspection Fee $125. This fee is charged for each of the first and final builders payments
,
Release Fee:$380.
,
Switch Fee:$250.
,
Monthly Account Keeping Fee $5 per month
,
Offset Account Keeping Fee $12
,
Cheques written - $0.75 per cheque.
,
First 5 electronic transactions free then charges applicable.
,
ATM withdrawal - $1.50.
,
EFTPOS $0.65.
,
Variation Fee:$220 + GST.
,
All Deferred Establishment Fees:
,
Year 1 or Year 2 minimum $1,500 or 0.25% (whichever is greater).
,
Year 3 minimum $1,200 or 0.20% (whichever is greater).
,
Year 4 minimum $900 or 0.15% (whichever is greater).
,
(Calculated on the approved loan amount). Plus deferred LMI if original LVR was less than or equal to 80% or Loan amount is > $500K. |
| Enquire/Apply |
|