Equity Saver Home Loan and Mortgage Products
Equity Saver Premium Interest Only Home Loan
A full function Interest Only Variable rate home loan with the option of up to 10 years Interest Only (minimum 5 years) it comes with all of the features you expect 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 Equity Saver Premium Interest Only Variable home loan rate click here.
This QuickDirect Equity Saver Interest Only Premium Home Loan is the perfect loan if you are:
- An Investor wanting an Interest Only home loan to purchase an investment property with at least a 20% deposit
- An Investor wanting an Interest Only home loan for a refinance of a current investment home loan that has at least 20% equity
Features include:
| Loan Type |
Full Doc Only. |
| Loan amounts |
Minimum $50,000 Maximum $750,000. |
| Interest rate type |
Variable rate only. |
| Loan Options |
100% redraw offset. |
| Term |
10 to 30 years. |
| Interest only term option |
Yes Min 5 Years, Max 10 Years. |
| Loan Purpose |
Use the loan to purchase a home or investment property, or to access equity in a property for investment purposes. |
| Borrowers |
Owner occupiers or investors, individuals, companies or trusts. |
| Maximum LVR (Loan value ratios) |
80%. |
| 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. |
| Deferred Establishment Fee |
During year 1 2.00% of original loan balance
During year 2 1.50%
During year 3 1.50%
During year 4 1.20%
During year 5 1.20%
|
| Discharge Fee |
$300 (plus any legal/solicitors disbursements). |
| 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. |