Our Home Loan and Mortgage Products
FEES, Terms & Conditions
At QuickDirect, we have no application fees, no valuation fees, no legal fees, no settlement fees, 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.
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 |
$135 for each guarantee. (if applicable) |
| Company/Trust applicant fee |
$135 for each company/trust applicant. (if applicable) |
| Re-documentation fee |
$110 where loan agreements are re-documented prior to settlement. (if applicable) |
| Legal disbursements |
$115 - $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. |
Variations:
| Increase in principal sum |
$250 plus valuation fee (if required) for increases over $100,000. |
| Small increase fee |
$250 plus valuation fee (if required) for increases below $100,000. |
| Loan switching fee |
$250 for any change in product, limit adjustments or loan repayment type. (no fee is payable for fixed loans reverting to variable loans at the end of fixed rate term) |
| Additional statement copy |
$7 per statement page. |
| Default fees |
$100 for each month account remains in arrears above $200. |
Other fees:
| Non-proceeding fees |
Non-proceeding fee of $220 if after QuickDirect has issued a conditional approval offer and obtained a standard valuation report 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
|
Transaction fees:
| Withdrawals, deposits & cheques |
Funding is provided by ING. Currently ING does not charge any transaction fees but there is provision to do so in the future should they decide to. |
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