First Choice Home Loan
This is the most popular loan that we have. It has a very competitive standard variable interest rate with full features and flexibility, for both owner-occupiers and investors. No ongoing fees.
Interest Rate
- Please contact us for the best rates and product details: (02) 9265 1700
- Variable only, no option to fix or do construction
Lending Range and LVR
- Minimum loan amount $150,000
- 90% LVR, up to $750,000 per loan
- 90% LVR, up to $1,500,000 per applicant
Repayment Options
- Principal & Interest
- Interest Only, for 1-5 years
- Direct debit
- Direct salary crediting, with optional free linked Offset Account
- Your choice of fortnightly or monthly repayment options
Term of Loan
- Up to 30 years
Ongoing Fees and Charges
- No monthly, annual or any ongoing account keeping fees
- 20 free transactions per month
- Free redraws on-line
- Free loan splitting
- Free lump sum repayments whenever you like
- Free internet and phone banking access
Fees and Charges to Set Up the Loan
-
$250 for Application fee (waived until further notice)
-
$247.50 for Valuation, subject to property and location (waived until further notice)
- $330 for Solicitor’s legal fee (waived until further notice)
- $150 for Settlement fee
Redraw conditions
- Redraw accessible through your choice of Internet or Phone
- Minimum redraw $500 electronically, free. Minimum redraw $2000 manually, $50 per request
Discharge Fees
- $350 per security property
- $290 a third party legal cost