Test [Home Loans]
- Advantage Plus Home Loan
- Advantage Plus Home Loan Special (new lending only and for loans $300,000 and over)
Features of both home loans
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ADVANTAGE PLUS HOME LOAN
Discount | Interest Rate | Comparison Rate | Effective of | |
---|---|---|---|---|
Owner Occupied (P&I) Advantage Plus Home Loan | – | 4.75% | 4.76% | Current |
Owner Occupied (P&I) Advantage Plus Home Loan Eco discount* | 0.15% | 4.60% | 4.61% | Current |
Criteria
In addition to satisfying normal credit guidelines, borrowers need to meet the following criteria:
- Maximum Term 30 years
- Maximum Amount up to 90% of the valuation of the security property
- Mortgage Insurance Required if the amount borrowed is more than 80% of the valuation of the security property
- NIL Application Fee
- Loan fees charged to members at cost (minimum $734 plus Government Charges)
- Annual Fee $299 (only if loan is split)
- Split – Maximum 2 Overdrafts
* Eco Discount
We want to benefit members who go beyond implementing the standard energy efficient practice and have therefore listed several energy efficient saving ideas. If you are looking at building or purchasing an existing dwelling, meet 3 of these criteria and you will receive an Eco interest rate discount of 0.15% off the Advantage Plus Home Loan.
- Solar, Gas or Heat Pump hot water system
- Solar Power
- Solar Battery
- Rainwater Tanks (minimum 1000 litres)
- Eaves not smaller than 600mm on eastern and western walls
- Insulated walls
- Installing Eglass
ADVANTAGE PLUS HOME LOAN SPECIAL (new lending only and for loans $300,000 and over)
Discount | Interest Rate | Comparison Rate | Effective of | |
---|---|---|---|---|
Owner Occupied (P&I) Advantage Plus Home Loan Special | – | 3.75% | 3.76% | As at 1 June 2019 |
Owner Occupied (P&I) Advantage Plus Home Loan Special Eco discount* | 0.10% | 3.65% | 3.66% | As at 1 June 2019 |
Owner Occupied (IO) Advantage Plus Home Loan Special | – | 3.85% | 3.86% | As at 1 June 2019 |
Owner Occupied (IO) Advantage Plus Home Loan Special Eco discount* | 0.10% | 3.75% | 3.76% | As at 1 June 2019 |
Investor (P&I) Advantage Plus Home Loan Special | – | 4.05% | 4.06% | As at 1 June 2019 |
Investor (IO) Advantage Plus Home Loan Special | – | 4.15% | 4.16% | As at 1 June 2019 |
Criteria
In addition to satisfying normal credit guidelines, borrowers need to meet the following criteria:
- Maximum Term 30 years
- Maximum Amount up to 80% of the valuation of the security property
- NIL Application Fee
- Loan fees charged to members at cost (minimum $734 plus Government Charges)
- Annual Fee $299 (only if loan is split)
- Split – Maximum 2 Overdrafts
* Eco Discount
We want to benefit members who go beyond implementing the standard energy efficient practice and have therefore listed several energy efficient saving ideas. If you are looking at building or purchasing an existing dwelling, meet 3 of these criteria and you will receive an Eco interest rate discount of 0.10% off the Advantage Plus Home Loan Special.
- Solar, Gas or Heat Pump hot water system
- Solar Power
- Solar Battery
- Rainwater Tanks (minimum 1000 litres)
- Eaves not smaller than 600mm on eastern and western walls
- Insulated walls
- Installing Eglass
Loan Prequalification Form
Loan Application Form (pdf)