A Smart Home Loan is about providing you with the best options. A split rate Smart Home Loan allows you to fix a portion of your home loan while maintaining the balance of your loan on a variable rate.
This package allows you to have the peace of mind knowing what your month-to-month repayments will be while still enjoying the benefits of a variable interest rate loan, including the ability to make extra repayments to reduce the overall life of your loan. If you choose, you can make additional repayments on your fixed loan of $10,000 per annum (2 x $5,000 payments). You also enjoy savings by paying no ongoing fees on your loan, and fee savings on your linked savings accounts.
A free redraw facility is available. The only stipulations are you must be in advance in your loan repayments and you can only redraw a minimum of $500 at a time. You can also only transfer between your loan account and your primary savings account within the one Membership.
You will have the ability to borrow 95% of the purchase price, provided Lenders Mortgage Insurance is taken.
Lending criteria, conditions and fees apply. Refer to the Quick Links section for up to date interest rates and other information.