Standard Variable Home Loan
Key features
| Standard Variable Loan | |
|---|---|
| Fees | |
| Establishment Fee | $650 |
| Monthly Loan Fee | $8 |
| Key Features | |
| Minimum amount | $20000 |
| Loan period | Up to 30 years |
| Repayments | Weekly, fortnightly, monthly |
| Interest charges | Calculated daily, charged monthly |
| Variable and lump sum repayments | Yes |
| Early repayment with penalty | |
| Free redraw facility | |
Important information
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Things you should know:
Warning: The comparison rate applies only to the examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
All loans are 1st mortgage secured.
The Establishment fee includes standard mortgage preparation costs $260 and one standard valuation cost $220. Additional solicitor and valuation costs apply for non standard or multiple properties.
Term and Conditions, loan fees and charges apply. All rates are subject to change. BDCU Alliance Bank lending criteria applies to all loans and applications are subject to approval. We recommend you read all relevant disclosure documents before acquiring the product.
1 This comparison rate is based on a $150,000 loan over a term of 25 years. WARNING This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
