Maximum Rates and Fees

Please see below for the Maximum Interest Rates Applicable for new borrowers as at 15/5/2012 

Please note the published rate is a maximum rate which will not be exceeded if there is no default.  It is not our “current rate”.

The rates are based on present rates with a loading for any immediate rate rises.   These rates may be discounted in certain circumstances. 
 If the loan is deemed to be in default by the lender then the rate will increase by a further 4%.

Rates:

Variable Rates

Full Doc Variable	6.82%		Comparison Rate	6.86%
Low Doc Variable	7.22%		Comparison Rate	7.26%

Fixed Rates

Full Doc	Rate	Comparison Rate		Low Doc	Rate	Comparison Rate
1 year	6.41%	6.82%		1 year	6.81%	7.22%
2 year	6.67%	6.83%		2 year	7.07%	7.23%
3 year	6.59%	6.79%		3 year	6.99%	7.19%
4 year	7.08%	6.96%		4 year	7.48%	7.36%
5 year	7.24%	7.05%		5 year	7.64%	7.45%

 

The Comparison Rates above are based on a loan of $200,000 for 25 years. Fees and charges may be payable.

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.

Fees for New or Establishment Loans

Establishment	$0 to $650
Valuation	$220 to $550	Per Security higher can apply for regional and higher valued properties
Legal	$286 to $490	Per Security
Miscellaneous	$200	Per Security in some instances

Please note these fees are not including any applicable government fees or charges.