Equity Saver Home Loan and Mortgage Products
Equity Saver Premium Home Loan
So the guy in the back room with the thick glasses and bald head said “why do the banks charge hundreds of dollars each year in fees when the borrower is paying interest?” We couldn’t see any reason for it either. So here you go – grab yourself a fully featured, all the bells and whistles, brand spanking new, home loan and have the luxury of salary crediting, flexible repayments, a cheque book, a Visa debit card, ATM access and the rest – and never ever pay an annual fee, now that’s worth repeating – no annual fee!
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 via a Variation to Premium Saver Interest Only product. |
| 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. |
| 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. |