Self Managed Super Fund Loan

 General Lending Rates

 Product Features

• Other Additional Information: Repayments are made Monthly

• Other Additional Information: No monthly Access Fee on your Savings or Transaction accounts where the minimum monthly membership balance exceeds $5,000.

 Product Eligibility

• Business Additional Information: LVR is 70% for properties in towns with populations of 5,000 to 20,000; 80% for properties in towns with populations over 20,000

• Other Additional Information: Maximum term of 15 years with Commercial or Rural Security

• Other Additional Information: Product is available to approved borrowers only. Terms, conditions, fees, charges and normal lending criteria apply.

• Other Additional Information: Maximum Term of 25 Years with Residential Security

• Other Additional Information: Regional Australia Bank requires the trustee to be Corporate Trustees when borrowing to invest in property.

• Other Additional Information: As a customer-owned bank, customers must also become a shareholder of Regional Australia Bank to be eligible to open an account.

• Residency Status - Australian Resident. Additional Information: Individuals must be citizens or permanent residents of Australia.

• Other Additional Information: The Self Managed Super Fund Housing Loan is only available for residential, commercial and rural property purchases for investment purposes only and must be secured by a first registered mortgage over the property being purchased. It is not available for owner-occupied property, vacant land (unless rural acreage), specialised securities (pubs, motels and service stations etc), renovations, repairs, credit increases, construction loans, second mortgages or low doc loans. We require that you seek your own financial, tax, and legal advice before borrowing to invest in super.

 Bank Fees and Charges

• Registration Of Mortgage (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to register a mortgage relating to a property offered as security for your loan.

• Mortgage Documentation Preparation (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to prepare mortgage documentation relating to a property offered as security for your loan.

• Late Payment Notice Fee (Event), Amount: 20.00. Additional Information: Applies when you fail to make your contracted repayments by the repayment due date.

• Pexa Processing Fee (Variable), Amount: Not Listed.. Additional Information: Applies when we process a settlement relating to your loan through PEXA.

• Agency Settlement/handing Fee (Variable), Amount: Not Listed.. Additional Information: Applies in the event that we require an agent to attend a settlement or handle documentation, relating to your loan.

• Registration Of Discharge Of Mortgage (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to register a discharge of mortgage relating to a property held as security for your loan.

• Property Valuation Costs (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to value each property offered or held as security at the commencement of your loan, and when required throughout the life of your loan.

• Registration Of Transfer (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to register a transfer of land relating to a property held as security for your loan.

• Title Search (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to perform a title search relating to a property offered, or held, as security for your loan.

• Default Notice Fee (Event), Amount: 30.00. Additional Information: Applies when you fail to make your contracted repayments and we are required to issue a default notice to you.

• Self Managed Super Fund Approval Fee (Upfront), Amount: 1500.00. Additional Information: Applied on approval of an SMSF Loan.

• Discharge Of Mortgage Preparation (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to prepare discharge of mortgage documentation relating to a property held as security for your loan.

 Limitations & Restrictions (Constraints)

• Min Limit of 100000.00 Additional Information: A minimum limit of $100,000 applies to this product.