EFFECTIVE 22/08/2011
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Features
|
Variable Rate
|
Low Rate Essentials
|
Low Rate Plus Package
|
Fixed Rate
|
EquitiSmart
|
| Interest Rate |
Variable
|
Variable
|
Variable or Fixed for 1, 2 or 3 years
|
Fixed for either
1, 2 or 3 years
|
Variable
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| Converts to |
|
|
|
Variable
|
|
| Split Loan |
|
|
|
|
|
| Switch to |
×
|
|
|
|
×
|
Loan % of
Property Value |
up to 95%
|
up to 95%
|
up to 95%
|
up to 95%
|
up to 80%
|
| Lenders' Mortgage Insurance Applicable |
If you borrow more than 80% of the security property valuation
|
n/a
|
| Loan Amount (min) |
$20,000
|
$50,000
|
$250,000
|
$50,000
|
$20,000
|
| Loan Term (max) |
30 years
|
30 years
|
30 years
|
30 years
|
n/a
|
Additional
Payments |
|
|
|
|
|
| 100% Loan Offset |
|
×
|
|
×
|
n/a
|
| Redraw Facility |
|
|
Is only available while the home loan has a variable rate.
|
×
|
×
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| Visa Debit Card |
Is only available with 100% Loan Offset Account and while the home loan has a variable rate.
|
×
|
Is only available with 100% Loan Offset Account and while the home loan has a variable rate.
|
×
|
×
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Repayment
Options
|
Weekly, Fortnightly, Monthly and Principal + Interest or Interest Only
|
×
|
| Annual Fee |
×
|
×
|
Yes - Refer to Loan Fees
|
×
|
×
|
| Portability |
|
|
|
|
|
Rate Lock
(Fees Apply) |
n/a
|
n/a
|
n/a
|
|
n/a
|
Loan Setup
Costs |
Yes - Refer to Loan Fees
|
Loan Contract
Fees |
Government charges, credit fees and other charges may apply
|
| Product Fact Sheet |
Download
|
Download
|
Download
|
Download
|
Download
|
Important Information
1. Interest is calculated on daily balances and charged monthly in arrears.
2. EquitiSmart - Access funds whenever you need via Online Banking or CUE Call. Automatic payments to and from your account.
3. EquitiSmart - Earn interest on credit balances at an Everyday Savings rate.
4. EquitiSmart - Regular repayments not required provided you maintain the balance below your approved credit limit.
5. Additional Repayment Restrictions for Fixed Rate Home Loan - If entire loan is repaid within the fixed rate period an Early Repayment Adjustment Fee may be charged.
6. Home Loans with a variable rate can have Loan Redraw..
7. 100% Loan Offset is not available with Low Rate Essentials Home Loan or Fixed Rate Home Loans.
8. Loan Fees apply along with other Fees and Charges.
9. In relation to a 100% Loan Offset Account, please view our Terms and Conditions and Financial Services Guide.
10. Visa Debit Card is available with 100% Loan Offset Accounts. The Card Fee is waived if you hold a Gateway Home Loan. However, Fees and Charges apply if non rediATMs, non Cashcard ATMs and/or overseas ATMs are accessed.
11. Your Visa Debit Card can only be linked to a 100% Loan Offset Account while you have a Variable Rate Home Loan or Low Rate Plus Package Home Loan with a variable rate. If, during the term of your loan, your interest rate converts to a fixed rate, then your 100% Loan Offset Account will convert to an Everyday Savings Account. This will enable you to still access your funds using your Visa Debit Card.
12. Any advice provided does not take into account your personal circumstances or needs. You should consider whether the product is right for you.