|
Lender Name |
NAB |
|
Product Name |
NO FRILLS
BASE
VARIABLE |
|
Product Type |
BASIC
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 |
Not
available |
|
Fees |
Application
Fee $600
Settlement
Processing
Fee N/A
Valuation
Fee N/A
Account
Keeping Fee
Nil
Legal Fees
N/A
Increase
fee $600
Early
payout: No
fees
applicable.
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%
Debt
Consolidation
Maximum LVR
95% |
|
Repayment
Type |
Variable &
Interest
Only
Principal &
Interest
Interest
calculated
daily upon
drawdown on
outstanding
balance.
Interest
Only
available
for both
investors
and Owner
Occupiers
maximum term
of 5 years |
|
Repayment
Options |
Repayment
frequency -
weekly,
fortnightly
or monthly |
|
Repayment
Method |
Repayments
can be
automatically
transferred
into your
loan account
from your
savings
account or
salary |
|
Extra
Repayments |
Additional
repayments
permitted |
|
Special
Offers |
$0 to $500k
.20% off
standard
Base
Variable
Rate
>$500k .25%
off standard
Base
Variable
Rate |
|
Term |
Maximum loan
term 30
Years |
|
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 or
upon request |
|
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 |
