|
Lender Name |
NAB |
|
Product Name |
CHOICE
FLEXIPLUS
MORTGAGE |
|
Product Type |
EQUITY LINE
(INTEREST
ONLY) |
|
Interest
Rates |
Latest
Interest
Rates
Compare
Other
Lenders |
|
Redraw
Facility |
Redraw up to
full limit |
|
Offset |
Not
available |
|
Fees |
Package Fee
$375 pa
Split
Personal &
Investment
at no cost
Free
Transaction
Per Month
Unlimited
ATM, EFTPOS,
Cheque,
Branch
Withdrawal
Telephone &
Internet
Banking
Gold Credit
Card Fee
Free
Settlement
Processing
Fee N/A
Valuation
Fee N/A
Account
Keeping Fee
N/A
Legal Fees
N/A
Increase
Fee N/A
Early Exit
Fee if loan
repaid in
full within
4 years $900 |
|
LVR |
Owner
Occupier
Maximum LVR
90%%
Investment
Maximum LVR
90%%
Construction
Maximum LVR
90%
Land Maximum
LVR 90% |
|
Repayment
Type |
Interest
calculated
daily upon
drawdown on
outstanding
balance |
|
Repayment
Options |
No
repayments
until full
limit is
drawn |
|
Repayment
Method |
Salary
Credit |
|
Extra
Repayments |
Permitted |
|
Special
Offers |
Discount for
Professional
Package of
0.15discount
for the life
of the loan
minimum loan
amount $150K
Others can
qualify if
they hold
personal
income of in
excess of
$75K gross
per annum.
Total
personal
borrowings
of at least
$150K.
Applicant
must hold a
minimum of 3
NAB
accounts.
Limit of 1
Goldcard per
package
minimum of
$8k Limit. |
|
Term |
Reviewed
Yearly |
|
Loan Size |
Minimum loan
$150K |
|
Mortgage
Insurance |
Lender
mortgage
insurance
applicable
if LVR
greater than
80% |
|
Acceptable
Income |
PAYG SELF
EMPLOYED |
|
Product
Change |
Available No
charge |
|
Statements |
Six monthly
or upon
request |
|
Portability |
Available |
|
Split Loan
Facility |
Available |
|
Special
Notes |
Will look at
matching
other
Lender's
Rates on a
case by case
refer to BDM
Will look at
Switching
costs refer
to BDM. |
|
Target
Market |
Professional
& Investors
or Lenders
above $150K |
