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Call Us Today 02 9466 8200 |
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Product Name |
Home Plus Variable Rate Lo Doc $250K+ (LVR up to 75%) |
Lender |
Homeside Lending |
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Initial Rate % |
6.47 |
Intro Rate |
 |
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Initial Period |
0 months
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Ongoing Rate % |
6.47 |
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Interest Type (Initial) |
Standard Variable |
Repayment (initial) |
P&I or I/O |
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Interest type (ongoing) |
Standard Variable |
Repayment (after initial) |
Principal and Interest |
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Max Term Fixed Rate % |
0 |
Max Term Interest Only % |
5 |
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Repayment Frequency |
Fortnightly, Monthly, Weekly |
Maximum No of Loan Splits |
10 |
Extended Information
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States Available |
ACT, New South Wales, Northern Territory, Queensland, South Australia, Tasmania, Victoria, Western Australia |
Financials Required |
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Product Type(s) |
Investment,Investment,Owner Occupied,Owner Occupied,Vacant Land,Vacant Land, |
Non-conforming |
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Notes
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HOMESIDE HOMEPLUS SPECIAL OFFER:
The HomePlus Special Offers are available until further notice, to new Homeside loan contracts.
The Special Offer for a loan account of less than $250,000 includes a discount margin off the published ?Variable Interest Rate 1? (i.e. Listed in Symmetry as ?Ongoing Rate?).
Based on LVR, the variable rate discounts apply as follows:
LVR Up to 75% - 0.30%
LVR Above 75% up to 90% - 0.20%
LVR Above 90% - 0.10%
Rate discounts are correct as at 16th Oct 2009, and are subject to change without notice.
PLEASE NOTE: Effective 16th February 2009, NAB/Homeside no longer accept re-finances from another lender into a Low Doc product (either Homeside or NAB branded). These applications can still be re-financed through NAB Broker as Full Documentation loans.
Full Doc option available, refer to lender guidelines.
Max cash out $100K LVR >60%.
Construction option available with 5 year IO Option Only. Please note that Fees apply for Progress Inspections & Progress Drawdowns.
Client now pays for the valuation where the property value is in excess of $2.5m |
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Loan Size/LVR |
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Minimum Loan Amount $
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250,000.00 |
Maximum Loan Amount $
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2,500,000.00 |
Capitalise LMI
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Maximum LVR %
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75 |
Minimum Loan Term
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8 |
Max Loan Term
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30 |
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Loan Fees |
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Establishment $ |
300.00 |
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Cost to switch to fixed $ |
300.00 |
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Application Fee $ |
600.00 |
Exit Fee $ |
300.00 |
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Valuation Fee $ |
0.00 |
Ongoing Fees $ |
10.00 |
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Legal/Solicitor Fee $ |
162.50 |
Ongoing Fee Notes |
$10 Monthly |
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Settlement Fee $ |
0.00 |
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Upfront Fees $ |
1,062.50 |
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Break cost conditions |
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Early Repayment Fee Notes |
Early Exit Fee $1200 if loan repaid within 4 years |
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Other borrowing costs $
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0.00 |
Other Fee Notes |
Base application fee waiver applies in SA, NT & TAS.Base application fee waiver applies where the loan is $300K or more in NSW, QLD, WA, VIC & ACT. An additional $300 Low Doc Fee is also applicable for all Low Doc applications (note: this fee is not charged for Low Doc variations). |
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Services |
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Internet Banking |
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Telephone Banking |
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Credit Card Option |
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Bpay Option |
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Portability of loan |
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Professional Pack |
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Cheque account access |
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Reverse Mortgage |
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Free Transactions per month
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0 |
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Redraw Available |
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Minimum Redraw $
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2,000.00 |
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Offset Account |
100% |
Direct Salary Credit |
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Access Fees |
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Loan Redraw fee $
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0.00 |
ATM own wdfee $
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0.00 |
Fee per Cheque $
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0.00 |
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EFTPOS fee $
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0.00 |
Internet banking fee $
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0.00 |
Internet access fee $
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0.00 |
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Bpay charges $
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0.00 |
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