Our Home Loan and Mortgage Products
Equity Saver & Options Home Loan Fees
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: Equity Saver Fixed Home Loan & Equity Saver Premium Home Loans. (Note: fees for Standard Products and loan scenarios 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 for fixed rate loans when paid into offset account during fixed period. Nil after fixed rate period into loan account or offset account. |
| Monthly account keeping fee |
Nil |
| Additional valuation fee |
$250 per additional security property. |
| Guarantee fee |
Nil |
| Company/Trust applicant fee |
Nil |
| Re-documentation fee |
$150 where loan agreements are re-documented prior to settlement. (if applicable) |
| Legal disbursements |
Up to $230 depending on the number of securities, bank cheques required & settlement location. |
| Special attendances |
$260 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. |
Exit fees for Options Plus Product:
| Discharge fees |
$300 plus legal fees and any deferred establishment fees. |
| Deferred establishment fee |
1.2% of original loan amount if discharged in year 1
1.2% of original loan amount if discharged in year 2
1.2% of original loan amount if discharged in year 3
0.8% of original loan amount if discharged in year 4
0.6% of original loan amount if discharged in year 5
|
Exit fees for Equity Saver Products:
| Discharge fees |
$300 plus legal fees and any deferred establishment fees. |
| Deferred establishment fee |
2.0% of original loan amount if discharged in year 1
1.5% of original loan amount if discharged in year 2
1.5% of original loan amount if discharged in year 3
1.2% of original loan amount if discharged in year 4
1.2% of original loan amount if discharged in year 5
Nil Year 6 onwards
|
Transaction fees:
| ATM widthdrawals |
First 5 free then $1.50 each. |
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