|
|
MyRate
Advantage Loan |
MyRate
All-in-One Loan |
MyRate
Lo-Doc Loan |
MyRate
Construction Loan |
MyRate
1 – 5 year Fixed Loans |
| |
Interest Rate (p.a.)
$100k - $600k |
8.78%
(8.78% CCR#) |
9.50% |
9.35%
(9.35% CCR#) |
8.88% |
8.70%
–
8.70%
(See CCR#) |
Interest Rate (p.a.)
Loans $600k+ |
8.74%
(8.74% CCR#) |
9.40% |
9.25%
(9.25% CCR#) |
8.84% |
8.70%
–
8.70%
(See CCR#) |
| |
| Application fees* |
$0 |
$0 |
$0 |
$0 |
$0 |
| Valuation fees*
|
$0 |
$0 |
$0 |
$295 final |
$0 |
| Legal fees*
|
$0 |
$0 |
$0 |
$0 |
$0 |
| Settlement fees*
|
$0 |
$0 |
$0 |
$0 |
$0 |
| Ongoing/Monthly fees*
|
$0 |
$0 |
$0 |
$0 |
$0 |
| Redraw fees*
|
$0 |
$0 |
$0 |
$0 |
$0 |
| Deferred
establishment fees |
Year 1: 1.00% of the original loan
amount
Year 2: 0.80%
Year 3: 0.60%
Year 4: 0.40%
Year 5: 0.20%
6+ years: 0.00%
|
| |
| Minimum loan |
$100k ($25k in combo) |
$100k |
$100k |
$100k |
$100k |
| Maximum loan
|
$2M (more with special approval) |
$2M (can combine) |
$1.5M |
$1M |
$2M (more with special approval) |
Max LVR
|
95% |
90% |
80% |
90% land & construction |
95% |
| Splits/Combination
|
 |
|
|
|
|
| Interest Only
|
Up to 5 years (monthly repayments only) |
Evergreen |
Up to 5 years (monthly repayments only) |
Up to 1 year (monthly repayments only) |
Up to 5 years (monthly repayments only) |
| Repayment frequency
|
Fortnightly or monthly |
| Unlimited redraws*
|
|
|
|
|
n/a |
| Additional repayments*
|
|
|
|
|
Up to 10k per annum |
| Term
|
10 to 30 years |
Evergreen |
10 to 30 years |
10 to 30 years |
10 to 30 years |
| Direct debit
|
|
|
|
|
|
| Salary crediting
|
(on
Principal & Interest loans only) |
|
(on
Principal & Interest loans only) |
|
|
| Deposit Book*
|
|
|
|
|
|
| Cheque/ATM/Credit Card/Eftpos
|
Learn more |
|
Learn more |
Learn more |
Learn more |
| Internet/Phone
Banking/BPay |
|
|
|
|
(except
BPay) |
| Portable
|
|
|
|
|
|
| Statements (Principal
& Interest) |
Quarterly |
Monthly |
Quarterly |
Monthly |
Quarterly |
| Statements (Interest
only) |
Monthly |
Monthly |
Monthly |
Monthly |
Monthly |