| Home Loan Lender |
 |
The Rock Building Society Home Loan |
|
| Home Loan Product Name |
Lo Doc LOC 3 yr fixed |
| Interest Rate |
7.69% |
Comparison Rate
Estimated |
8.66% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,160.82 |
Total Paid
Estimated |
$420,360 |
| Establishment Fee |
$600.00 |
| Enquire/Apply |
 
|
| Target Market |
Self-employed or full-time investors. |
| Acceptable Income |
Income Declaration required for Self Employed borrowers. Confirmation of Income will be confirmed. Two Years ABN minimum and registered GST income >$75K. |
| Loan Term |
Maximum loan term 30 years. |
| Loan Size |
Minimum $50K.
,
Maximum $1M (single security) subject to LMI Criteria. |
| Repayment Type |
Interest Only.
,
10 years interest only then converting to 15 years or 20 years P&I. |
| Repayment Options |
Weekly, Fortnightly or Monthly payments |
| Extra Repayments |
|
| Split Loan Facility |
Loans can be split up to six splits. |
| Offset |
Not applicable. |
| Redraw Facility |
Not applicable. |
| LVR |
Owner Occupied & Construction Maximum LVR 80%.
,
Residential Investment Maximum LVR 80%.
,
Refinancing Maximum LVR 80%.
,
For loans up to $500,000: Up to 80% for purchases and refinances. |
| 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).
,
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
,
Variation Fee $250 + GST.
,
Cheques written - $0.75 per cheque.
,
ATM withdrawal and or EFTPOS (First 5 Free each month).
,
ATM $1.50 EFTPOS $0.65 after 5 free transactions.
,
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 $500K. |
| Enquire/Apply |
|