Economizer Variable 80
Owner Occupied Home Loan
6.24% p.a. Variable
6.30% p.a. Comparison*
Our High Lend Offer
For a limited time, borrow over $1,000,000 on the economizer and pay $0 upfront fees!
Speak to our Personal Finance Managers to find out more about how you can lower your interest rate and upfront fees!
Call us on 1300 733 823
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| THE BASICS | |
| Rate | 6.24% p.a. Variable 6.30%* p.a. Comparison ^Loans over $1,000,000: 6.26%* p.a. Comparison |
| Purpose | Owner Occupied |
| Eligibility | Personal Company Unit Discretionary Trust |
| Minimum Amount | $50,000 |
| Maximum Amount | ≤ 65% LVR $5,000,000 ≤ 70% LVR $4,500,000 ≤ 75% LVR $4,000,000 ≤ 80% LVR $3,500,000 Max loan amount may vary depending on the loan purpose, postcode, and other factors Refer to your Reduce Finance Manager for loan amount policy |
| LVR | 80% |
| Loan Term | Up to 30 years |
| Rate Options | Variable |
| Available for Construction | Yes Add 0.30% to rate Refer to your Finance Manager for construction fees |
| FEATURES | |
| Multiple Accounts | Optional 100% offset account available at $10/month Loan splits available |
| Redraw Facility | Yes. No minimum via electronic transfer |
| Account Access | Internet & Phone transfer access to nominated account |
| Statements | Half yearly |
| REPAYMENTS | |
| Type | Principal & Interest |
| Frequency | Via Direct Debit - Weekly, Fortnightly or Monthly |
| Methods | Direct Debit Salary Credit |
| Additional Repayments | Variable Rate – Extra repayments may be made at any time without penalty |
| FEES | |
| Application Fee | $440 Loans >$1M $0 |
| Establishment Fee | $0 |
| Third Party Valuation Fee | At cost Estimate $250 Loans >$1M $0 up to $1,000 |
| Third Party Legal & Funder Fees | $0 professional legal fee. disbursements payable Does not cover government charges, disbursements, funder's contract processing fee & PEXA Fee ^Loans over $1,000,000: $0, covers up to $297. Does not cover government charges, disbursements, funder's contract settlement fee & PEXA Fee |
| Annual Fee | $0 |
| Monthly Fee | $0 Optional offset account is $10/month |
| Settlement Fee | $480 Settlement fee includes up to $330 professional legal fee. disbursements payable Loans >$1M $0 covering up to $330 professional legal fee. disbursements payable |
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