This is a fantastic loan and will suit almost anyone’s situation:
- Standard variable interest rate
- Borrow up to 95% with Lenders Mortgage Insurance
- Max 30 year loan term
- Flexible repayments
- Additional repayments
- A no limit, no fee redraw>
- Portability
- Progressive Payments - ideal for paying a builder or contractor
- Repayment pause
- Split option – part variable and part fixed option
Interest rate effective 22nd December 2011 on new loans and 1st January 2012 on existing loans.
| Interest type: |
variable |
| Interest rate |
7.04%pa |
| Comparison rate |
7.09%pa* |
| Fees |
| Application fee |
$150 |
| Standard valuation fee |
$250 |
| Monthly fees |
No |
Third party fees and conditions may apply.
Check our fees and charges.
*Comparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. The Comparison rates available to Edvest members on all Home Loans (except My First Home Loan) will differ from those shown as the standard valuation fee is waived. On My First Home Loan, the application fee, documentation fee, the standard valuation, title searches and settlement costs are waived.
WARNING: This Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different Comparison rate.
Protect your property
All our loans require that you take out building insurance before the loan can be settled. Consider organising your home and contents insurance at the same time.
Set up automatic repayments
We can set your repayments up so they are made automatically. That's one less thing you have to think about. Let us know when you apply for your loan and we can set it up then.
To apply for a loan you need to get some documentation together. Call us when you have this and we can do a quick review of your situation to give you a guideline on how much you can borrow.
Evidence of income
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Permanent employees: Two most recent consecutive payslips, or last six months' account statements.
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Casual employees: Letter from your employer(s) on a company letterhead confirming the length of your employment(s) and current salary(ies).
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Self employed: Last two years' personal and business tax returns, a current balance sheet and profit and loss statement and the latest year's tax assessment notice.
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Rental income: Current rental statement or current rental appraisal.
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Investment income, pension or government benefit: Last six months' statements.
Refinancing or debt consolidation
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Last six months' statements for each home loan being refinanced.
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Latest statement for each personal loan or credit card debt being refinanced.
Your deposit
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Evidence
of your savings (i.e. last 3 months' statements).
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Evidence of gift: a letter from the donor must be supplied.