Target Clients:   

·         Individuals (PAYG or self-employed), Companies, Partnerships or Trusts

Loan Features:

·         Basic Variable or Fixed rate loan with direct credit facility

·         Full supporting documentation and evidence of income is required for all applicant/s

Loan Purpose:

·         Loans considered for purchase, refinance or consolidation

·         Investment or owner-occupied residential security property

·         Loans can be regulated or non-regulated by UCCC

Loan Term:

·         Up to 30 years

Loan Size:

·         $30,000 - $2,000,000

Loan to Value Ratio:

Standard

·         95% for loans up to $400,000 – Metro NSW, Vic, Qld, SA, WA, NT & ACT

·         95% for loans up to $350,000 – Metro Tas & Regional Areas of Australia

·         95% for loans up to $300,000 – Australia wide

·         90% for loans up to $500,000 – Australia wide

Standard Jumbo

·         85% for loans from $500,001 to $750,000 – Metro NSW, Vic, Qld, SA, WA, NT & ACT

·         80% for loans from $750,001 to $1,000,000 – Metro NSW, Vic, Qld, SA & WA

·         80% for loans from $1,000,001 to $1,500,000 – Metro NSW & Vic

·         75% for loans from $1,500,001 to $2,000,000 – Metro NSW & Vic

Interest Rate:      

·         Variable or Fixed rates (up to 5 years) available

Repayment Options:          

·         Principal and Interest

·         Interest only

·         I/O for 10 years < 85% LVR then amortisation program commences

·         I/O for 5 years > 85% LVR then amortisation program commences

Repayment Methods:

·         Direct Debit from bank account

·         BPay

·         Direct Salary & Other Income Crediting

Repayment Frequency:

·         Weekly, Fortnightly or Monthly

·         Day & Date can be nominated

Additional Repayments:

·         Can be made at any time using the above methods – except when fixed

Redraw:

·         No minimum redraw amount

·         Funds paid into bank account

·         Internet Access

·         Telephone Access

Loan Account Fees:

·         No monthly account maintenance or ongoing fees

·         No redraw fees

·         4 free non-standard transactions p/m

·         No Internet or telephone banking fees

·         No portability or top-up fees

·         Unused limit fee – if all funds not drawn within 3 months of settlement, fee charged to loan account in month 4

·         Early repayment fee – if discharged < 5 years or 50% principal repaid in first year

·         Deferred LMI Fee (Jumbo)

·         Fixed rate break costs