This loan is suitable for
A person who is self employed - Last 2 years of financial statements (Balance sheet and Profit & Loss) plus taxation returns for applicants, business and /or company for the last 2 full financial years. For individuals tax returns to be supported by the most recent (up to 18 months old) corresponding Notice of Assessment issued by ATO.
Applicants self employed <12 months not acceptable for LMI proposals..
A guarantor can be used - Required under Family Pledge.
Home Loan Loan Term
Loan term up to 30 years
Home Loan Loan Size
For loans with a minimum value of $30,000 and a maximum of $1,000,000
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Repayment Options
Fortnightly repayments accepted.
Monthly repayments accepted.
Extra Repayments
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Split Loan Facility
Split loan is available.
Offset
Not available.
Redraw Facility
Redraw is available - Free on Online or phone
Manual redraws fee $50 waived from 17 October until 31 January 2012 who lodged in branch or send direct to Loan Administration..
LVR for Basic Mortgages - Bank of Melbourne - Basic Home Loan
Maximum available LVR is 95%
Let a Ratesonline accredited home loan consultant help you with this Bank of Melbourne home loan
Fees for Basic Mortgages - Bank of Melbourne - Basic Home Loan
Monthly Fee $0.00
Annual Fee $0
Establishment Fee $500
Discharge Fee $250
Legal Fee $0
Portability Fee $500
Settlement Fee $100
Switching Fee $500
Early Termination Fee $0
