Ultimate Home Loan
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| Main Features: |
- Fully Verified & Low Doc applicants
- No ongoing monthly or annual fees
- Pay off your loan weekly / fortnightly / monthly (day of payment can be specified)
- Debit card to access redraw and up to 6 free redraw transactions per month via rediATM’s. Also via all Australian EFTPOS terminals or via the internet
- Additional payments can be made with no limit at any time on variable loans.
- Online Access to your home loan via the Nationwide Lending web site
- Free internet and phone access
- Direct salary payments into the loan
- Up to 4 free loan splits $20,000 minimum split
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| Loan Purpose: |
For purchase / refinance of residential owner occupied and/or investment properties
Any worthwhile purpose (secured by a residential registered 1st mortgage)
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| Borrower Type: |
Individual, Company, Trusts, Partnerships
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| Min Loan Amount: |
$50,000 |
| Max Loan Amount: |
$1M – Fully verified up to 90% LVR; Low Doc up to 80% LVR |
| Max Loan Term: |
30 Years |
| Application Fee: |
N/A |
| LMI Capitalisation: |
Up to 90% LVR plus LMI (Refinances up to 90% LVR inc LMI) |
| Lo Doc Applicants: |
Minimum 2 years self employed with an ABN held for a minimum of 2 years and registered for GST for a minimum of 1 year. BAS Statements must be produced. |
| Line of Credit: |
Available with interest capitalisation (?75% LVR)
Cheque book also available |
| Interest Only Option: |
Up to 10 years if ?85% LVR or up to 5 years if >85% LVR |
| Fixed Interest Rates: |
Yes - A $395 fee applies. |
| Land Loans: |
Yes - Interest rate will reduce by 0.25% p.a. on completion of construction |
| Construction Loans: |
Yes - Interest rate will reduce by 0.25% p.a. on completion of construction |
| Salary Crediting: |
Yes |
| Early Discharge Fee: |
Only applies if the full loan is discharged within the 1st 5 years from settlement
Fully verified & Low Doc = 1.5 Months notional payment |
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