|
Lender Name |
ST GEORGE
BANK |
|
Product Name |
STANDARD
HOUSING LOAN |
|
Product Type |
VARIABLE/
FIXED /
INTRO |
|
Interest
Rates |
Latest
Interest
Rates
Compare
Other
Lenders |
|
Offset |
100% offset
available on
both
Honeymoon
and Standard
Variable
products on
a P & I and
Interest
only basis.
Link loan to
Freedom
Savings
Account.
Offset
Service Fee:
$5 pm on
loan. |
|
Redraw
Facility |
No minimum
Amount
(available
on
internet).
Manual Fee:
$25.
Electronic
Fee $10 Only
available on
variable
rates. |
|
Fees |
Establishment
Fee:$600
(includes 1
valuation)
Settlement/Lodgement
Fee:$ 100
per loan
(Fee
displayed as
Mortgage
Preparation
)
Monthly
Service
Fee:$10 per
month
Additional
Valuations:$0
Valuers
travelling
allowance
payable by
customer.
Additional
security fee
$100
Early
Repayment
Fee $1K for
negotiated
interest
rates
standard
loans with
Advantage
Package with
discounted
rates or
receive a
discount on
a Fixed Rate
and
discharge
the loan
within 3
years will
be liable
for ERF plus
Breakcosts
if
applicable.
Early
Termination
fee. 0.9% of
the loan
mount if an
introductory
home loan is
discharged
in full
within 3
years of the
settlement
date.
Fixed Rate
Repayment
Fee this fee
will apply
to home
loans that
are fully
discharged
before the
end of their
fixed rate
period :
$150
Redraw Fee
Electronic
$10
Manual
Redraw Fee
$25
Increase Fee
$395
Switch Fee
to LIS $350
Switch Fee
to Portfolio
$350
Rate Lock
Fee $395 to
0.15% of the
loan amount
or $395
(whichever
is higher)
Consent to
Subdivision
$350
Substitution
of Security
/
Renegotiation
$350
Discharge of
Mortgage Fee
$350
Discharge
Settlement
Processing
Fee $100
Progress
Payment
Administration
Fee $250
Progress
payment
final
inspection
fee $102.50
Arrears
Letter Fee
$50 |
|
LVR |
Owner
Occupied
Maximum LVR
95%
Investment
Maximum LVR
95%
Construction
Maximum
LVR95%
Refinancing
Maximum LVR
90%
Where
Consolidation
of debt
forms part
of loan
sought to
85% - 90%
neg.
Country &
Special
Rural Zoned
Securities -
LVR on
application.
Mortgage
Insurance
over LVR
80%.
No Genuine
Savings is
available
refer to
Special
Lenders
Criteria for
information. |
|
Repayment
Type |
Principal &
Interest
Interest
Based 1 - 15
years. |
|
Repayment
Options |
Weekly
Fortnightly
or monthly
Interest
Only
monthly
repayment. |
|
Repayment
Method |
Automatic
transfer(via
Freedom
Savings
Account). Or
Phone/Internet
banking and
Direct Debit |
|
Extra
Repayments |
Principal
repayments
of $10,000
per 12
months
during the
fixed period
may be made
on Principal
& Interest
and interest
based
repayments
without
incurring
break costs.
Extra
repayments
allowed on
Standard
Variable and
Discount
Variable
Rate P & I
and or
Interest
Only
Automatic
Additional
repayments
not allowed
on Fixed
Interest
Only Loans.
Break cost
may apply on
early payout
of Fixed
Rates and
Early
termination
Fee on the
Honeymoon
loans. |
|
Special
Offers |
Refer
Advantage
Package
Flexible
Choice
A borrower
may choose
to borrow
any
combination
of fixed,
variable, or
introductory
products.
The fixed
and variable
portions may
be arranged
on an
interest
only or
principal
and interest
basis
Provides
flexibility
and choice
for a
borrower to
design a
loan suited
to their
individual
needs.
Minimises a
borrower’s
exposure to
the
unpredictable
fluctuations
in interest
rates. |
|
Term |
30 years.
Interest
Only Loans
revert to
Standard
Variable P &
I after I/O
term at
which time
they may be
renegotiated. |
|
Loan Size |
Minimum:
$10K
Maximum $1
million
negotiable. |
|
Mortgage
Insurance |
Mortgage
Insurance
applicable
on LVR over
80%. |
|
Acceptable
Income |
Self
employed,
Salary &
Wage
earners. |
|
Product
Change |
Yes fee
applicable
$350. |
|
Statements |
Issued 6
monthly |
|
Portability |
Yes |
|
Split Loan
Facility |
Yes. |
|
Special
Notes |
Construction
loans
Interest
Only during
the
construction
period and
may revert
to
Principal
and Interest
when fully
drawn. |
