 |
| |
| |
Fightback II Loan |
Ratebusters Ultimate |
AFG Pro Pack HL(via Assured Home Loans) |
| Variable Interest Rate |
6.36% effective for new business from 22/12/11
+ a loyalty bonus rate reduction of .1% 60 months after settlement |
6.36% pa effective for new business from 22/12/11 + a loyalty bonus rate reduction of .1% 60 months after settlement |
6.44% pa effective for new business from 07/11/11 where the lending ratio is less than or equal to 75% a lower variable interest of 6.34% pa |
| Comparison Rate |
6.33%** |
6.34%** |
6.45%** >75% lending ratio
6.35%** <75% lending ratio |
| Application Fee |
$0.00 |
$0.00 |
One Standard application fee currently waived |
| Document Preparation
Fee |
$350.00 |
$330.00 |
One Standard legal fee currently waived |
| Valuation Fee |
$220.00
(metro) |
$247.50 (metro) |
One Standard valuation fee currently waived |
| Lenders Processing Fee |
Nil |
Nil |
Nil |
| Settlement Fee |
$75.00 |
$150.00 |
$150.00 |
Allowance
to cover Sundry Solicitor Costs
(unacertainable, but allow say) |
$275.00 |
$110.00 |
$110.00 |
| Annual Fee (collected
in advance) |
$0.00 |
$0.00 |
$0.00 |
| Monthly Service
Fee |
$0.00 |
$0.00 |
$0.00 |
| Redraw Fee |
No |
$50 (if not completed via online account access) |
$50 (if not completed via online account access) |
 |
Minimum Redraw Amount |
|
No
minimum
(eg. $1) |
No Min from Offset Account
$500 from Home Loan
Note: redraw not available from Interest Only loan
|
No Min from Offset Account
$500 from Home Loan
Note: redraw not available from Interest Only loan
|
| Split loan account
available |
Yes (up to 4 splits) |
Yes (up to 4 splits) |
Yes (up to 4 splits) |
| Split loan fee |
No
if option taken at original loan application |
No if option taken at original loan application |
No if option taken at original loan application |
| Offset Account |
Yes |
Yes |
Yes |
| ATM Access (Any
ATM) |
Yes
(first 5 free via Westpac, St George/Bank SA or CueCard ATM's) |
Yes (transactions via RediATM Network are free) |
Yes (transactions via RediATM Network are free) |
| Eftpos |
Yes |
Yes |
Yes |
| Cheque Book |
Yes
(on offset) |
No |
No |
| Fixed rate available |
Yes (1-5 years) |
Currently Not Available |
Currently Not Available |
| Fee to Fix |
$260 |
N/A |
N/A |
| Additional Repayments
Allowed |
Yes |
Yes |
Yes |
|
via Deposit book |
|
Yes
(to Offset) |
No |
No |
|
via BPay |
|
No |
No |
No |
|
via our internet |
|
No |
No |
No |
|
via direct credit (eg dividend, or from another bank's
internet) |
|
Yes |
Yes |
Yes |
| Direct Debit |
Yes |
Yes |
Yes |
| Telephone Account Access |
Yes |
No |
No |
Online account access
(See bottom of table for online account functions)
|
Yes |
Yes |
Yes |
| Salary crediting |
Yes |
Yes |
Yes |
| Interest Only
available |
Yes (10 yrs only) |
Yes (5 yrs only) |
Yes (5 yrs only) |
| Owner Occupier |
Yes |
Yes |
Yes |
| Construction
Loan |
Yes (refer to our Features & Benefits for interest rate loading and conditions) |
No |
No |
| Investment |
Yes |
Yes |
Yes |
| Term of Loan |
30
years |
8 - 30 years |
8 - 30 years |
| Loan Amount |
Minimum
$80,000 Maximum
$750,000 |
Minimum $80,000 Maximum
$1,000,000 |
Minimum $50,000 Maximum
$1,000,000 |
| LVR |
Up to 90% |
Up to 90% Plus Cap LMI |
Up to 90% Plus Cap LMI |
| Lenders Mortgage
Insurance (LMI) |
Required on loans >80% lending ratio with premium payable by borrower. |
Required on all loans. Loans >80% lending ratio premium payable by borrower. |
Required on all loans. Loans >80% lending ratio premium payable by borrower. |
| Security |
1st registered mortgage
over residential property |
1st registered mortgage over residential property |
1st registered mortgage over residential property |
| Vacant Land as
security |
No |
No |
No |
| Repayment frequency |
- |
- |
- |
|
Weekly |
|
Yes
(Monthly amount divided by 4) |
Yes (Monthly amount divided by 4) |
Yes (Monthly amount divided by 4) |
|
Fortnightly |
|
Yes
(Monthly amount divided by 2) |
Yes (Monthly amount divided by 2) |
Yes (Monthly amount divided by 2) |
|
Twice Monthly |
|
No |
No |
No |
|
Monthly |
|
Yes |
Yes |
Yes |
| Early Repayment
Fee |
Nil
|
Nil |
Nil |
| Discharge Fee |
$300.00 |
$350.00 |
$350.00 |
| Security Substitution
Allowed |
Yes (Must be simultaneous) |
Yes (Must be simultaneous) |
Yes (Must be simultaneous) |
|
| Internet Access (This section refers to functions available online) |
Yes |
Yes |
Yes |
|
Internet Redraw |
|
Yes (24 hour processing) |
Yes |
Yes |
|
Pay anyone |
|
Yes
(must be prenominated) |
Yes |
Yes |
|
Maximum redraw via internet |
|
$5,000.00 |
$3,000.00 |
$3,000.00 |
|
Online statements |
|
Transaction
list only. Can order statements |
Transaction list only. |
Transaction list only. |
|
Bpay/Biller payment |
|
Yes |
No |
No |
|
Change frequency/Amount of repayments |
|
No |
No |
No |
|
Draw Additional payments from nominated outside bank
account |
|
No |
No |
No |
|
Change Direct Debit details |
|
No |
No |
No |
|
Change personal details |
|
No |
No |
No |
|
Reset Password |
|
Yes |
Yes |
Yes |
|
Confirm repayment details |
|
No |
No |
No |
|
Activate Card |
|
Yes |
Yes |
Yes |
| Want
even more information? |
Refer to our Features & Benefits
sheet, that provide further explanation on features & benefits,
transaction & other costs, construction loan requirements. (link below)
Click here for the Fightback II brochure |
Refer to our Features & Benefits sheet, that provide further explanation on features & benefits, (link below)
Click here for the Ratebusters Ultimate brochure |
Refer to our Features & Benefits sheet, that provide further explanation on features & benefits, (link below)
Click here for the AFG Pro Pack HL brochure |
And remember, applying for a Ratebusters home loan is as easy as 1,2,3. Simply research yourself by reviewing the details of our award winning products, call a helpdesk consultant if you need help at any time, then apply online. It's that simple!
Please Note: The above information is subject to change
without notice. All fees and charges have been based on a single security
standard mortgage application within metropolitan areas. Full terms and conditions
will be included in the Loan Offer. Other fees and charges are payable including
disbursements. Lending criteria terms and conditions apply.
**The Comparison Rate is calculated on a loan amount of $250,000
over a term of 25 years. Fees and charges may be payable.
Click here for a comparison rate schedule.
Warning: This comparison rate applies only to the examples given.
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.
