Fixed Rate Home Loans - The Rock Building Society - 2 yr 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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The Rock Building Society Home Loan |
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| Home Loan Product Name |
2 yr fixed |
| Interest Rate |
9.25% |
Comparison Rate
Estimated |
9.51% |
| Amount |
$150,000 |
| Term |
30 years |
Initial Monthly Payment
Estimated |
$1,211.25 |
Monthly Payment
Estimated |
$1,261.81 |
Total Paid
Estimated |
$453,696 |
| Establishment Fee |
$600.00 |
| Enquire/Apply |
 
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| Target Market |
Residential owner occupied or investment property.
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Purchase of residential land.
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Construction of residential property.
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Home improvements.
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Refinance of other financial institution loans.
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Personal or consumer items.
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Purchase of an investment portfolio.
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Non-Genuine or Genuine Savings .
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Acceptable Loan Purpose.
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Purchase or construction of owner occupied or investment property.
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I/O available for investment loans and can be considered for owner occupied. Max I/O term is 5 years.
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Loans for working capital or payment of personal or business tax liabilities are specifically excluded. |
| Acceptable Income |
Income calculation for serviceability is reliant upon Mortgage Insurance approval by either Genworth or PMI. There are different calculations, test rates and guidelines. Access to criteria for PMI can be accessed via Website www.PMIGroup.com.au. Use the Genworth Calculator at current standard rates as an average test of serviceability. |
| Loan Term |
Minimum: 1 year.
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Maximum: 30 years. |
| Loan Size |
Minimum $50K .
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Maximum $3.5 million. |
| Repayment Type |
Principal & Interest OR Interest Only (max imum5 years). |
| Repayment Options |
Weekly, Fortnightly or Monthly payments. |
| Extra Repayments |
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| 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( on the first Offset account opened only). |
| Redraw Facility |
Nil Fee Minimum redraw $1000, A/C must hold one month payment in advance. |
| LVR |
Owner Occupied & Construction Maximum LVR 95% plus LMI.
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Investment Maximum LVR 95%.
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Vacant Land Maximum LVR 90%.
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Interest Only Loans Maximum LVR 90% New 95%.
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Refinancing Maximum LVR 95%.
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Debt consolidation Maximum LVR 90%. |
| Fees |
Application Fee $600 (includes the valuation of one security property)
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Additional Valuation Fee $275. (To the value of $1 million the Valuation Fee will be added to the Application Fee).
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Nil Rate Lock In on Application Fee
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Progress Inspection Fee $125. This fee is charged for each of the first and final builders payments
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Release Fee:$380.
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Switch Fee:$250.
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Monthly Account Keeping Fee Nil
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Offset Account Keeping Fee $12
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Cheques written - $0.75 per cheque.
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First 5 electronic transactions free then charges applicable.
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ATM withdrawal - $1.50.
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EFTPOS $0.65.
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Variation Fee:$220 + GST.
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All Deferred Establishment Fees:
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Year 1 or Year 2 minimum $1,500 or 0.25% (whichever is greater).
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Year 3 minimum $1,200 or 0.20% (whichever is greater).
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Year 4 minimum $900 or 0.15% (whichever is greater).
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(Calculated on the approved loan amount). Plus deferred LMI if original LVR was less than or equal to 80%. |
| Enquire/Apply |
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| Other Fixed Rate Home Loans |
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| Other The Rock Building Society 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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