This type of home loan enables us to assist people who have a minimum of only 3% genuine savings, for purchase of a residence. No ongoing fees.

Please click here for personal assistance: info@nationwidemortgage.com.au

• 95% LVR, up to $750,000
• Lender's Mortgage Insurance premium payable and may be capitalised (up to 100% of the property's value)
• Minimum loan amount $50,000

Interest Rate

• 7.25% p.a. with a comparison rate of 7.28% p.a.
• Variable, with an option to fix or combine

Repayment Options

• Principal & Interest
• Interest Only (for 1-5 years or 10 years)
• Direct debit authority or Direct salary crediting
• Your choice of weekly, fortnightly or monthly repayment options

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
• 6 free transactions per month excluding redraws
• Free 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 Internet, Phone, Direct Debit by Fax or Written request
• Minimum amount $100

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

Please click here for personal assistance: info@nationwidemortgage.com.au