OUR HOME LOAN AND MORTGAGE PRODUCTS
QuickDirect Options Plus Home Loan
A full function Variable rate home loan it offers great options for customers wishing to purchase a property, including first home buyers, who have a clear credit history, who have genuine savings of their own or those wishing to use money not sourced from their own savings as part or whole of the required 10% deposit. This allows any savings you do have to be available to help you move in, pay any stamp duty, renovate or generally set up home.
It also comes with all of the features you would expect plus more including unlimited free redraws, salary crediting and flexible repayment options on top of a great rate plus an offset account with a Visa Debit Card, ATM access and a cheque book. And no ongoing monthly or annual fees.
To view our current Options Plus home loan rate click here.
This QuickDirect Options Plus Home Loan is the perfect loan if you are:
- A first home buyer with a clear credit history, at least a 10% deposit with or without any genuine savings and who wants to use their First Home Buyers Grant or other available funds
- An Owner occupier with a clear credit history wanting to purchase a new property with at least a 10% deposit and with or without any genuine savings
- An Investor with a clear credit history wanting to purchase a property with at least a 10% deposit and with or without any genuine savings
- An Owner occupier with at least 10% equity wanting to refinance their current home loan with the convenience and flexibility of a 100% offset and Visa Debit Card
- An Investor at least 10% equity wanting to refinance a current investment loan with the convenience and flexibility of a 100% offset and Visa Debit Card
- Wanting a full function, flexible and competitive loan without having to pay a ‘Professional Pack’ fee or have a high loan amount
Features include:
| Loan Type |
Full Doc Only. |
| Loan amounts |
Minimum $50,000 Maximum $2,000,000. (* lower amounts apply if no genuine savings and dependant on State) |
| Interest rate type |
Variable rate only. |
| Loan Options |
100% redraw offset. |
| Term |
10 to 30 years. |
| Interest only term option |
Yes 1 to 10 years. |
| Loan Purpose |
Use the loan to purchase a home or investment property with or without genuine savings*. |
| Borrowers |
Owner occupiers or investors, individuals, companies or trusts. |
| Maximum LVR (Loan value ratios) |
90%. |
| Can I Fix this loan |
No. |
| Free Splits |
Up to 4. |
| Repayment Options |
Direct Salary Crediting into the Offset Account or via direct debit from pre-nominated bank account. |
| Additional repayments |
Available with no limits. |
| Redraw facility |
No minimum redraws from the offset account via internet or telephone banking to pre-nominated account or via Visa Debit Card, EFTPOS, ATM or via cheque. |
| Offset Account |
An offset account is available for any additional repayments to reduce the interest on your home loan. |
| Withdrawals |
Available via redraw, telephone or internet banking, EFTPOS and ATM (Visa Debit Card with Offset Account). |
| Salary crediting |
Yes into Offset Account. |
| Statement issued |
Bi-annual. |
| Ongoing Fees |
No ongoing monthly account keeping or annual fees. Unlimited free phone (IVR), internet, EFTPOS, biller payments and cheques per month. |
| Other Fees |
5 Free ATM transactions per month - additional ATM transactions $1.50 each. Over the counter transactions incur a $2 fee. |