Relocation Loan without end

 General Lending Rates

• Lending Rate Type: Variable
• Interest Rate: 9.38%, Comparison Rate 9.20%
• Repayment Type: Interest Only
• Loan Purpose: Owner Occupied

 Product Features

• Other Additional Information: A relocation loan (also known as a bridging loan) is a short term, 12-month loan that helps you buy a second property while giving you time to sell your first one (even if you still have a mortgage on it). Found your dream home but need to sell your old one for the funds? This loan helps bridge the gap between buying a new home and finalising the sale of your current one. Without End Debt - those that will not have a residual loan on their new property once the existing property is sold

• Other Additional Information: Buy now, sell later- Snap up that dream property when you find it. Then take time to sell your current one later to help get the price you want. A relocation loan could help you to make timely offers at inspections and auctions!

• Other Additional Information: Cover stamp duty & fees - You can even add upfront costs such as stamp duty and legal fees in your relocation loan if the value and equity in your current home is enough. It helps ease expenses.

• Other Additional Information: Avoid the rent drain - If you time it well, you could avoid the costs of having to rent a home in the period between the sale of your current property and settlement of your new home.

• Other Additional Information: No repayments during the bridging period. The interest charges are capitalised over the term of the loan.

• Other Additional Information: Building Loan Available feature

• Other Additional Information: The product includes a combination loan feature.

• Other Additional Information: Statements of account : We will send you a statement of your loan account at least every six months or more frequently if you request

• Extra Repayments Additional Information: Subject to terms and conditions, this product includes extra repayment features.

• Other Additional Information: Maximum repayment term 12 months

 Product Eligibility

• Min Age - 18. Additional Information: Applicant should be 18 years or over

• Residency Status - An Australian Citizen Or Permanent Resident.

• Other Additional Information: A new or an existing home loan customer.

• Other Additional Information: An owner occupier buying a new home, or buying vacant land to build a new home using a building contractor.

 Bank Fees and Charges

• Lending Establishment Fee (Upfront), Amount: 600.00.

• Loan Account Fee (Periodic), Amount: 8.00.

• Document Processing Fee (Event), Amount: 100.00. Additional Information: The Settlement Processing Fee, is a fee charged as apart of the fees for Loan Establishment. It is the fee charged for the processing of settlement services. These can include document validation, value transaction processing and, conveyancing activities required for mortgage lending settlements.

• Property Valuer Fee (Variable), Amount: Not Listed.. Additional Information: The Fee starts from $ 164 and the amount payable is dependent on location/value of security property(is)

• Missed Payment Fee (Event), Amount: 15.00. Additional Information: Fee payable when we send customer an arrears letter relating to an overdue amount

• Loan Discharge Fee (Event), Amount: 350.00. Additional Information: Per Mortgage

 Limitations & Restrictions (Constraints)

• Min Lvr of 0.00

• Max Lvr of 0.80

• Min Limit of 10000.00 Additional Information: The minimum amount financed is $10,000

• Max Limit of 100000000.00 Additional Information: The maximum amount financed is $100,000,000.00

 Document Downloads

  loan-accounts.pdf (361 K)