‘Australian’ Home Loan
(available through accredited brokers
or third party introducers)
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!
| Special Benefits° |
|
We want to say 'thank-you' for choosing an Australian Home Loan! That's why we've decided to take some of the money that we might have spent on marketing and advertising and use it to give you some unique choices!
You can:
- 'get on your feet' by saving on interest and reducing your monthly payments with a discount 'start-up' rate for the first 12 months; or
- apply for a Australian Home Package and obtain some great interest rate discounts, fee savings and other incentives on your home loan; line of credit; everyday banking account; term deposit; home building, home contents and car insurance and credit card.
|
| 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” - offering you flexibility during lifestyle changes such as a career break, pregnancy or parental leave. |
| 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*. Perfect for unexpected bills or extra money when you need it! |
‘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. |
| Visa Debit Card |
|
This account qualifies you for an Account Fee exemption on our Visa Debit Account. |
| ‘smartlink’ Internet, Mobile and Phone Banking |
|
Allows you to check your loan balance,
account history and send us secure emails |
Wide Bay Australia Ltd ABN 40 087 652 060 (Australian Credit Licence No: 239686) is the credit issuer. This is not an offer to lend - credit assessment criteria, terms and conditions & fees and charge apply - full details on application. Prior to entering into a credit contract with us you should read our Credit Guide (PDF, 74KB). Loans are only available to approved applicants offering security in approved property in Australia.
*A fee may apply for this benefit - minimum amount $1000.
° Terms and conditions including eligibility criteria apply to these Special Benefits. For details read the relevant Terms and Conditions: "Australian Home" Package. This loan is only available to approved applicants through accredited brokers and third party introducers.
