A fully flexible loan with a cheque book facility to allow unlimited access to your funds, for either owner-occupiers or investors. No ongoing fees.

How much can I borrow?

• 80% LVR, for up to $750,000
• 65% LVR, for up to $600,000
• Minimum loan amount $50,000

Interest Rate

• 7.10% p.a. with a comparison rate of 7.13% p.a.
• Variable, with a separate fixed rate option by splitting the loan

Repayment Options

• May be interest only for 30 years
• Direct debit authority or Direct salary crediting
• Your choice of weekly, fortnightly or monthly repayment options
• Repayments may be capitalised on request for free, where the entire facility is less than 75% LVR

Term of Loan

• Up to 30 years

Ongoing Fees and Charges

• Nationwide charges no hidden or ongoing fees
• No monthly, annual or any ongoing account keeping fees
• Unlimited free transactions per month including redraws
• Free loan splitting to fix interest rate on part of your loan
• Free lump sum repayments whenever you like, except where the loan is fixed
• Free internet and phone banking access

Fees and Charges to Set Up the Loan

• $240 for Valuation, subject to property and location
• $490 for Solicitor's legal fee plus disbursements

What are the redraw conditions?

• Redraw accessible through your choice of Cheque book (upon request), Internet, Phone, BPay, Direct Debit by Fax or Written request

Early Repayment Fees

• Fee applies if the loan is paid in full within the first 5 years
• Loan is fully portable for up to 3 months which means that, even if you sell your house, the loan can come with you at minimal cost.