Variable Rate Home Loans - The Rock Building Society - Variable |
 |
 |
to select a different loan amount and loan term. Currently: $150,000 over 30 years |
|
| Home Loan Lender |
 |
The Rock Building Society Home Loan |
|
| Home Loan Product Name |
Variable |
| Interest Rate |
7.87% |
Comparison Rate
Estimated |
7.96% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,087.08 |
Total Paid
Estimated |
$393,720 |
| Establishment Fee |
$600.00 |
| Enquire/Apply |
 
|
| Target Market |
Residential owner occupied or investment property.
,
Purchase of residential land.
,
Construction of residential property
,
Home improvements.
,
Refinance of other financial institution loans.
,
Personal or consumer items
,
Purchase of an investment portfolio
,
Purchase or construction of owner occupied or investment property.
,
Loans for working capital or payment of personal or business tax liabilities are specifically excluded. |
| Acceptable Income |
PAYG and Self Employed applicants, Company and Trust. |
| Loan Term |
Maximum 30 years |
| Loan Size |
Preferred Minimum: $150K
,
Maximum: $3.5 million. |
| Repayment Type |
Principal & Interest.
,
Interest Only maximum term 5 years.
,
Variable or Fixed. |
| Repayment Options |
Weekly, Fortnightly or Monthly. |
| Extra Repayments |
|
| Split Loan Facility |
Available. |
| Offset |
Yes 100% Offset - Account can be held in one borrower's name.
,
Can operate up to six Offset accounts for the $12 per month per Offset. |
| Redraw Facility |
Nil Fee Minimum Redraw: $1,000. (Account must hold one months advance payment). Maximum LVR after redraw not to exceed 95%.. |
| LVR |
Owner Occupied & Construction Maximum LVR 95% plus LMI.
,
Residential Investment Maximum LVR 95%.
,
Vacant Land Maximum LVR 90%.
,
Interest Only Loans: Up to 95% plus LMI.
,
Refinancing Up to 95%.
,
Debt consolidation: Up to 90%.
,
,
Maximum LVR for Bridging Loans is 85% Peak and end debt. |
| 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
,
Offset Account Keeping Fee $12
,
First five electronic transactions free then fees applicable.
,
Cheques written - $0.75 per cheque.
,
ATM withdrawal - $1.50.
,
EFTPOS $0.65.
,
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 |
|
| Other Variable Rate Home Loans |
 |
|
|
|
|
 |
| Other The Rock Building Society Home Loan Products |
|
|
|
|
|
|
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.
|