2 year fixed investment home loan

Term loan with 100% Offset account

This loan is available to PAYG employees, self employed borrowers, full time or part time investors and corporate borrowers, that are permanent residents of Australia

Any worthwhile purpose including;
• Purchase or refinance of owner occupied or investment property
• Debt consolidation
• Construction loans with progress payments (excluding owner builders)
• Bridging finance (go between loans)
• Equity loans for investment or personal purposes
• Loans for business purposes up to 20% of the loan amount (excluding working capital and the payment of personal or business tax liabilities)

This loan is packed with a range of features and provides borrowers with the flexibility to manage their mortgage at competitive interest rates
• A separate Offset Account is linked to the home loan and the Offset Account accrues interest at the loan interest rate which reduces the interest payable on the loan
• 100% Offset (not a partial offset account)
• No regular deposits required provided funds are held in Offset Account to meet loan repayments
• Available on fixed rate loans and variable rate loans
• Funds held in the offset account can be accessed through ATMs, online banking and other standard means
• No establishment fee option available which covers all fees referred to below
• Loan to value ratios of up to 95% inclusive capitalised lenders mortgage insurance
• Up to 4 separate loan splits
• No ongoing account keeping fees
• Principal and interest or interest only up to 10 years
• No annual reviews required

Principal and interest or interest only up to 10 years

Interest is calculated daily and charged monthly

A maximum of 10 years if the loan to value ratio is 90% or less, after the interest only period the loan will revert to a principal and interest loan over the remaining loan term

Is not permitted on this loan; please refer to the line of credit loan

You may choose weekly, fortnightly or monthly

Your choice of a variable rate or a fixed rate for 1, 2, 3, 4 or 5 years or a combination

Payments are credited to your offset account and your regular loan repayment is automatically debited from this account

You may choose to have a direct debit established from another bank account

Yes, you may elect to have your salary directly credited to your offset account

Yes, you may elect to have other income directly credited to your offset account for, example rental income

You may elect to pay any amount into your offset account and you receive an interest benefit regardless of whether you have a variable rate or fixed rate loan. You may also pay any additional amount off your loan if it is a variable rate and up to $20,000 per annum on each separate loan if your loan is a fixed rate. Funds can be easily transferred from the offset balance to the loan portion via online banking

No, interest paid annual in advance is not available

Yes, you may choose up to 4 separate loan splits

Yes, you may change loan products. Fees may apply

Yes, you may switch all or part of your loan to a fixed rate at any time.
Fees may apply

Yes, you may increase your loan at a later date subject to normal credit criteria.
Fees may apply

Yes, you may substitute the security property subject to approval. Fees may apply

Yes, you may elect to make a lump sum payment and then reduce your ongoing minimum payment

Yes

Yes

Yes

Yes, you may access funds in your Offset Account

Yes, you may arrange to have direct debits from your Offset Account

No cheque book is available with this account

Are issued every month

1st registered mortgage over acceptable residential property

The offset account must be established and terminated at the same time as the loan account

$20,000

No maximum loan but lending criteria applies

95% including capitalised lenders mortgage insurance

Applies where the loan to value ratio exceeds 80%

30 years

Bendigo and Adelaide Bank Limited

Mortgageport Management Pty Limited (ACL 386360)

Yes, you have the option to have the loan establishment fees refunded to you at settlement.
A higher interest rate may apply

$330.00. Additional fees may apply where the security property is worth more than $1m or where more than one property is used as security

$440.00

$150.00 for the first loan and $50.00 for each additional loan payable once at settlement. Construction loan $250

Lenders Mortgage Insurance premiums apply where the loan to value ratio (LVR) exceeds 80%

$495.00 payable when you close the loan and discharge the security, plus lenders legal fees of approximately $330.00

Nil, if you have a variable rate loan, break fees may apply if you have a fixed rate loan

$242 to cover 2 standard progress inspections. Additional fees may apply depending on property location