|
Lender Name |
HOMESIDE
LENDING |
|
Product Name |
PEAK
PERFORMANCE |
|
Product Type |
EQUITY LINE |
|
Interest
Rates |
Latest
Interest
Rates
Compare
Other
Lenders |
|
Redraw
Facility |
Not
Applicable |
|
Offset |
Not
Applicable |
|
Fees |
Application
Fee: $600
The
Establishment
Fee is
waived for
loans > than
$300K in
NSW, VIC,
ACT, QLD, WA
The
Establishment
Fee is
waived for
loans > than
$200K in SA,
NT, TAS
A fee of
$150 for
each
additional
security
property is
applicable.
Loan Service
Fee:$70 per
half year
Fees on
Deposits/
Cheques: Nil
Access to
account with
debit card
and cheque
book
Deposits can
be made at
any NAB free
of charge
Internet
Banking
available
{phone
Enquiry
access
available
Variation
fee $300
Variation of
Loan
Contract
Document
Registration
Fee $150 (
varies from
state to
state)
Additional
Security
$150 per
mortgage
account/loan
product
after the
first one
Packaging
Fee $100 per
mortgage
account/loan
product
after the
first one
Fixing Fee
$100 where
loan is
refixed from
a variable
period
Security
Discharge
Fee $300
Full
Telephone
Banking
services
provided
Peak
Performance
Equity
Mortgage Fee
0.45% Cap
$3000 Term 4
years |
|
LVR |
Owner
Occupier:
LVR 90%
maximum
Maximum LVR
90%
This is
available
for
Principal
and Interest
Products.
Interest
Only
products can
be used
where the
Interest
Only period
is limited
to a maximum
of 5 years
then
converts to
Principal
and
Interest,
including
Plain and
Simple
Interest
Only option
and HomeSide
HomePlus. |
|
Repayment
Type |
Principal &
Interest
Interest
Only |
|
Repayment
Options |
Payments can
be made on a
regular
basis |
|
Repayment
Method |
Salary, rent
or other
deposits can
be credited
directly to
the loan or
a regular
transfer of
funds can be
established
from any
bank or
building
society
account.
Customers
who hold a
flexicard or
credit card
can now do
many of
their day to
day banking
transactions
through
giroPost
Australia
Post outlets
across
Australia.
No
additional
fees or
charges
apply when
using
Australia
Post, they
now just
have the
convenience
and
flexibility
of
conducting
their
banking
during 08.00
- 17.00
weekdays
while they
pay their
bills |
|
Extra
Repayments |
|
|
Special
Offers |
Concessional
Rate
If the Peak
Performance
loan (or a
Package
containing a
Peak
Performance
loan), is
above one of
the below
thresholds a
concessional
rate will
apply:
$150K -
$250K =
20bps
discount
$250K or
more = 73pbs
discount |
|
Term |
On Demand
Minimum: 1
years
Maximum: 30
years |
|
Loan Size |
Minimum:
$50,000
Maximum: $ 3
million case
by case
$20K minimum
if packaged
with other
products
however over
all loan
amount must
be over
$100K |
|
Mortgage
Insurance |
Required for
LVR's above
80% |
|
Acceptable
Income |
Self
Employed,
Salary and
Wage Earners |
|
Product
Change |
Available on
application
Fees &
Charges
apply |
|
Statements |
Issued
monthly |
|
Portability |
Yes |
|
Split Loan
Facility |
Yes |
|
Special
Notes |
Lo Doc
available on
all products
refer to Lo
Doc Policy
Profile
Acreage >10
acres
located in a
town with a
population
of at least
10,000 and
must have
water and
power
connected |
|
Target
Market |
A flexible
overdraft
with a
variable
interest
rate
designed to
meet total
financial
requirements
with one
facility.
Interest
Only
Any Purpose
(subject to
credit
policy) |
