Rates, Fees & Charges
Lines of Credit

Interest Rates - Existing Lines of Credit

Please refer to the Standard Variable Reference Rates Schedule (PDF, 124KB)

Account Fees

Freedom Line (S15)	$10 per month (levied on the first Access Account only) This fee is not applicable to Home Options Package customers
Professional Australian Access Account (S16)	Nil (an annual package fee applies) View Rates, Fees & Charges for the Professional Australia Package »

Application Fee (New Lines of Credit)

A once-only Application Fee is required.

Freedom Line (S15)	$395 This fee is not applicable to Home Options Package customers
Professional Australian Access Account (S16)	Nil (an annual package fee applies) View Rates, Fees & Charges for the Professional Australia Package »

Application Fee (Increase in Credit Limit)

A reduced Application Fee is required.

Freedom Line (S15)	$300 $150 for Home Options Package customers
Professional Australian Access Account (S16)	Nil (an annual package fee applies) View Rates, Fees & Charges for the Professional Australia Package »

Valuation and Inspection Fees

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 Premium

Lender's Mortgage Insurance is compulsory for all loans. This is a one-off non-refundable 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 »

Legal Fees and Statutory Charges

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:

• Loan Settlement fee - $172
• Fees associated with mortgage registration
• Government charges. These will vary according to the credit limit arranged

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

Other fees and charges will also apply once your line of credit is approved. These fees typically apply if your line of credit defaults or you require the conditions of your line of credit 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 line of credit will be notified in your credit contract.