Home Loans | Basic Variable

A low variable rate for the full life of the loan for purchasing or refinancing an owner occupied or investment home. It can also be used to build your dream home or make major home improvements.

Purpose	Variable interest rate - for owner occupied or investment loans. Limited features and fees on redraw options The loan can be used for: purchase or refinance of an owner occupied or investment residential property home construction or renovation refinance an existing home loan.
Interest Rate	6.57% Comparison Rate* 6.73%
Product type	Variable interest rate - for owner occupied or investment loans. Limited features and fees on redraw options
Term	25 years maximum
Repayments	Principal and interest. Repayments are quoted as monthly repayments but members may make a reduction on a weekly, fortnightly, monthly basis.
Interest only option	Not available
Redraw	Available but redraw fee applies- refer Loan Fees and Charges schedule
Repay loan early

 

Features Variable rate Redraw facility - fees apply Pay weekly, fortnightly or monthly Direct credit your salary A permanent low variable rate loan Own your home sooner by having your salary paid directly into the account Redraw advance repayments.

Loan amounts Minimum $30,000 Maximum Subject to serviceability and security Repayment Methods Funds may be deposited to the account via: Payroll deposit/ direct credit/ quick debit Electronic funds transfer Internet transfer

Eligibility:

Available to personal borrowers only.

Special conditions:

Suitable for first home buyers

Security

Primary security is to be a registered first party, first mortgage over:
owner occupied residential property
residential investment property
non-income producing secondary residential property
vacant residential land.

Fees:

Fees, charges, terms & conditions and lending criteria apply. Please refer to Credit Fees & Charges schedule for current details. *Based on a loan amount of $150,000 over a period of 25 years. Comparison rates are for Owner Occupied only. Warning: the comparison rate only applies to the example or examples given above. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Interest rates effective 09/08/2010.