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Rates, Fees & Charges
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| Please refer to the Standard Variable Reference Rates Schedule (PDF, 124KB) |
| Wide Bay Home Loan (L1) |
$8 per month - variable rates* $10 per month - fixed rates These fees are not applicable to Home Options Package customers. |
| Australian Home Loan (L11) | $12 per month |
| Equity Home Loan (L2) | $8 per month - variable rates* $10 per month - fixed rates These fees are not applicable to Home Options Package customers. |
| Professional Australian Home Loan (L12) |
Nil (an annual package fee applies) View Rates, Fees & Charges for the Professional Australia Package » |
* for loans approved from 21st February 2011
A once-only Application Fee is required.
| Wide Bay Home Loan (L1) |
$395 This fee is not applicable to Home Options Package customers. |
| Australian Home Loan (L11) | $495 |
| Equity Home Loan (L2) | $395 This fee is not applicable to Home Options Package customers. |
| Professional Australian Home Loan (L12) |
Nil (an annual package fee applies) View Rates, Fees & Charges for the Professional Australian Package » |
A reduced Application Fee is required.
| Wide Bay Home Loan (L1) |
$300 $150 for Home Options Package customers |
| Australian Home Loan (L11) | $300 |
| Equity Home Loan (L2) | $300 $150 for Home Options Package customers |
| Professional Australian Home Loan (L12) |
Nil (an annual package fee applies) View Rates, Fees & Charges for the Professional Australian Package » |
The property is the lender's security.
For new loans, a valuation report of your property will be required from an independent valuer. If you are building, inspection reports will also be required at various stages of construction.
The valuation is undertaken by a professional valuer who takes into account aspects of the property's worth, especially construction, location, comparable prices in the area and improvements.
These reports will be held for the term of the loan and the costs involved in obtaining them must be paid prior to the processing of your loan application.
For existing loans, your loan consultant will advise you of the requirement for a valuation.
| Valuation Fee | Approx. $220 per valuation. |
| Inspection Fee | Approx. $75 per inspection. |
Lender's Mortgage Insurance is compulsory for all loans. This is a one-off nonrefundable Fee payable to the Lenders Mortgage Insurer.
This insurance protects Wide Bay in the event that a borrower defaults and the sale of the property is unable to cover the outstanding amount.
Upon acceptance of the loan offer, no portion of this fee is refundable.
The amount of the fee varies according to the amount borrowed and the valuation of the secured property.
More information about Wide Bay Australia's lenders mortgage insurance is available on our lender's mortgage insurance page »
Where possible, Wide Bay will prepare your loan documentation - however, when it is deemed necessary to obtain legal counsel the charges are passed on to you.
The following fees associated with your loan set-up may apply:
You will also have to pay your own solicitor's legal fees - you should obtain an estimate of these from your solicitor.
Other fees and charges will also apply once your loan is approved. These fees typically apply if you miss a payment, your loan defaults - or if you repay your loan early or request the conditions of your loan to be changed. Further Fees & Charges (PDF, 211KB) may apply for banking services you use. Further details of applicable fees and charges are available on application and full details of fees and charges applicable to your home loan will be notified in your credit contract.
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Phone 1300 WIDE BAY (1300 943 322)
or visit our » Service Centre » Mobile Version » Site Index » Website Help » Feedback » Website Terms of Use » Privacy Statement (c) 2012 Wide Bay Australia Ltd ABN: 40 087 652 060, Australian Financial Services & Australian Credit Licence: 239686, BSB: 656 400 |
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