Our Home Loan and Mortgage Products
HOME LOAN FEES, Terms & Conditions
At QuickDirect, we have no application fee, no valuation fee, no legal fee, no settlement fee, no redraw fees, no additional repayment fees and no monthly account keeping fees on standard applications.
Wherever possible, we avoid charging fees to our customers but depending on your circumstances additional costs may apply. In particular, government fees and additional legal fees may be relevant.
For more information on government fees use our Stamp Duty & Other Costs Calculator.
Our fees are detailed below for the following products: Standard Variable, Construction and Standard Fixed Loan. (Note: fees for Premium Products are listed here).
Fees for New Applicants:
| Individual application fee |
Nil |
| Valuation fee |
Nil |
| Legal fee |
Nil |
| Settlement fee |
Nil |
| Redraw fee |
Nil for variable rate loans. |
| Additional repayment fee |
Nil for variable rate loans, Nil up to $10,000 for fixed rate loans. |
| Monthly account keeping fee |
Nil |
| Additional valuation fee |
$275 per additional security property. |
| Guarantee fee |
$220 for each guarantee. (if applicable) |
| Company/Trust applicant fee |
$220 for each company/trust applicant. (if applicable) |
| Application re-work fee |
A re-work fee of $110 will apply for changes requested to the application once submitted for a full assessment. (where applicable) |
| Re-documentation fee |
$110 where loan agreements are re-documented prior to settlement. (if applicable) |
| Legal disbursements |
$100 - $180 depending on the number of securities, bank cheques required & settlement location. |
| Special attendances |
$150 Consent to 2nd mortgage. Additional valuation fee and legal documentation fee may be required. |
Other fees:
| Non-proceeding fees |
A Non-proceeding fee of $220 applies if after QuickDirect has issued a conditional approval offer and/or obtained a standard valuation report and you decide not to proceed to settlement with QuickDirect or your valuation does not meet credit requirements. The fee increases to $395 if loan agreements have been issued or additional valuation costs incurred. |
Exit fees:
| Discharge fees |
$250 plus legal fees and any deferred establishment fees. |
| Deferred establishment fee |
1.0% of original loan amount if discharged in year 1
0.8% of original loan amount if discharged in year 2
0.6% of original loan amount if discharged in year 3
0.4% of original loan amount if discharged in year 4
0.2% of original loan amount if discharged in year 5
Nil Year 6 onwards
|
Terms & Conditions
Our aim is to be as open and honest with our customers as possible. You can download the General Terms and Conditions applying to our loan agreements by clicking on the link below. If you apply for a loan with QuickDirect, you’ll need to read this document together with your loan agreement when you get to Step 4 of our Easy Five Step Process.
Download General Terms & Conditions