ING Direct Action Equity - Line of Credit

Main Features and Fees...

Company
Interest Rate	Enquire Here
Products Available	Standard and Smart Pack Available
Offset Account	NA
Redraw Facility	Yes - no minimum amount and nil Redraw Fee
Extra Repayments	Yes
Lump Sum Repayments	Yes
Product Change	Yes, $250 fee applies
Portability	Yes
Construction	No
Split Loan Facility	Yes - $100 per split
Principle and Interest Payments	No
Interest Only Payments	Yes
FEES
Upfront Fees	Nil plus $220 settlement fee
Ongoing Fees	Nil for standard and $180 yearly for smart pack
Early Exit Fees	nil
Discharge of Mortgage Fees	$250

Notes

Owner Occupier, Residential Investment.

Consists of two accounts: the Line of Credit and linked Nil

Interest Visa Account (NIVA).

Total approved credit limit is aggregation of the two accounts.

Salary credited directly to account to minimise interest. Access to

Line of Credit account and NIVA funds available throughout the month.

Designed for self-employed and PAYG income earners.

NIVA Funds are not available at settlement.

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