|
Lender Name |
NAB |
|
Product Name |
TAILORED /
INTRODUCTORY
HOME LOAN |
|
Product Type |
INTRO/VARIABLE |
|
Interest
Rates |
Latest
Interest
Rates
Compare
Other
Lenders |
|
Redraw
Facility |
Yes - redraw
on surplus
funds where
repayments
to the loan
are running
ahead of the
prescribed
schedule
(minimum
$2,000). |
|
Offset |
Yes standard
savings rate |
|
Fees |
Application
Fee $600
for < $300K
Application
Fee $0 for >
$300K
Valuation
Fee N/A
Account
Keeping Fee
$10pm
Legal Fee
N/A
Increase
Fee N/A
Early Exit
Fee if loan
repaid in
full within
4 years $900 |
|
LVR |
Owner
Occupier
Maximum LVR
95%
Refinance
Maximum LVR
95% higher
LVR refer to
Lender
Investment
Maximum LVR
95%
Construction
Maximum LVR
95%
Land Maximum
LVR 95% |
|
Repayment
Type |
Principal &
Interest
Interest
calculated
daily upon
drawdown on
outstanding
balance |
|
Repayment
Options |
Repayment
frequency -
weekly,
fortnightly
or monthly |
|
Repayment
Method |
Repayments
can be made
directly
from a
FlexiAccount |
|
Extra
Repayments |
Additional
lump sum
payments
permitted |
|
Special
Offers |
Discounted
rate for 6
months & 12
months |
|
Term |
Loan Term 30
Years (
Renewable
yearly) |
|
Loan Size |
Minimum
amount $20K
No Maximum |
|
Mortgage
Insurance |
Lender
mortgage
insurance
applicable
if LVR
greater than
80% |
|
Acceptable
Income |
PAYG SELF
EMPLOYED |
|
Product
Change |
Yes - Full
Application
Fee applies |
|
Statements |
Issued six
monthly |
|
Portability |
Available |
|
Split Loan
Facility |
Yes |
|
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 |
General Home
Market |
