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Smart Option

Product Details
FAQs
Rates

Key Features

Loan Purpose: Owner Occupied, Investment & Debt Consolidation.
Borrower Type: Borrowers providing full income verification.
Loan Term: 30 Years
Minimum Loan Amount: $50,000
Maximum Loan Amount: $2,000,000
Maximum LVR: 95%
Mortgage Insurance: $0 for any loan amount when the LVR is less than 80%. Otherwise payable by borrower.
Mortgage Insurance Capitalisation: Yes, you can add the cost of mortgage insurance to your loan rather than paying it upfront. Restrictions apply.
Interest Calculation Calculated on the daily balance and debited monthly in arrears.

Other Features

Extra Repayments Yes
Redraw Facility Yes
Repayment Frequency Fortnightly or monthly.
Internet & Phone Banking No
Debit Card Yes
Interest Only Period Yes, up to 10 years. Minimise your repayments and free up cash by paying interest only.
Suitable for Overseas Borrowers: No.
Suitable for Self Employed:
Additional Information: The SMART OPTION Home Loan represents outstanding value. Think of it as your immediate interest rate reduction.

Fees

Establishment Fees $75
Ongoing Fees None
Valuation Fees $264
Discharge Fees $250
Lenders Legal Fees $440
Early Repayment Fees None
Redraw Fees Not Applicable

What you need to know:
Terms and conditions, fees and charges, normal lending criteria apply. Details available on request.

Comparison rates are based on a loan of $150,000 over 25 years.

Warning: The comparison rate is true only for the example or examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate. A comparison rate schedule can be found on our website.

When considering which is the best home loan for you, mortgage rates are indeed important but you also need to look at your overall situation and what flexibility you need as well as any related fees initial or ongoing fees.