‘Australian’ Home Loan
The ‘Australian’ Home Loan gets you off to a great start with a low start up rate, there’s lots of great features and you also have the ability to pay off your loan early!
| Monthly Fees |
|
A monthly fee applies. |
| Interest Rate |
|
A discounted variable start up rate can save you a lot of money.
This rate reverts to a competitive variable rate after 12 months. You
can select a fixed rate (up to 3 years). Switch between variable and
fixed rates* whenever you want to without having to change loans (as
you might have to do at some banks). Interest is calculated daily and
charged monthly. |
| Terms |
|
Principal and Interest: up to 30 years
Interest Only: up to 5 years |
| Repayment Flexibility |
|
Choose from weekly, fortnightly or monthly repayments to suit your
income stream. Paying more frequently or paying additional amounts
can help you pay off your loan quickly – try our extra
repayments calculator?! There are many repayment
options.
Get ahead on repayments and you can have a repayment “holiday”! |
| Paying off your loan sooner |
|
More frequent payments, larger repayments, lump sum payments, and Mortgage Muncher 100% offset savings are all allowed and can help you cut down on your interest and help you pay out your loan years earlier. Check out our calculators to find out how much you can save. |
| Redraw |
|
Unlike some loans – you can access any extra money you’ve deposited into your home loan*. |
‘Mortgage Muncher’
Interest Savings |
|
Every dollar of your pay or savings deposited into
this account means you save an equivalent
amount in interest (and unlike most banks even on
fixed rate loans!). That means you can save on
interest and pay out your loan quickly. Use our lump sum or regular deposit calculators to find out how much you could save. |
‘smartlink’ Internet and
Phone Banking
|
|
Allows you to check your loan balance,
account history and send us secure emails |
This is not an offer to lend - all loans are subject to terms and conditions. Fees & charges are payable. Full details are available on application. Loans are only available to approved applicants offering security in approved property in Australia.
*A fee may apply for this benefit - minimum amount $1000.
