Equity Saver Home Loan and Mortgage Products
Equity Saver Premium Home Loan
A full function Variable rate home loan 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. A fantastic alternative to the banks ‘Professional Pack’ loans with a lower rate without having any the associated annual fee for their discounted rate. And of course you don’t have to ask us for the discount nor have to have a high loan amount. And no ongoing monthly or annual fees.
To view our current Equity Saver Premium Variable home loan rate click here.
This QuickDirect Equity Saver Premium Home Loan is the perfect loan if you are:
- A first home buyer with at least a 20% deposit
- Wanting one of the most competitive loans in Australia without having to pay a ‘Professional Pack’ fee or have a high loan amount
- An Owner occupier wanting to purchase a new property with at least a 20% deposit
- An Owner occupier wanting to refinance their current home loan that has at least 20% equity
- An Investor wanting to purchase a property with at least a 20% deposit
- An Investor wanting to refinance a current investment 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 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. |
| 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. |