Optimiser Loan
The Optimiser Home Loan is a fully featured variable or fixed rate home loan to assist with the purchase or refinance of owner-occupied or investment residential property. It has the ability to be split to incorporate a line of credit as part of the loan. It is designed for customers who are seeking full flexibility and features in their loan.
- 9.15% p.a. variable interest rate (comparison rate 9.22% p.a.* )
- 9.32% p.a. variable interest rate on Line of Credit portion of loan (comparison rate 9.39% p.a.* )
- Free unlimited extra repayments and 100% offset
- No account keeping fees
- Interest only and fixed rate options
It is ideal for customers who may be uncertain of their future and want the peace of mind of knowing that their home loan is flexible enough to accommodate their changing circumstances. Repayments can be tailored to suit individual needs.
Optimiser Loan
| Purpose |
Purchase or Refinance residential property. Includes the non-structural renovations of new and existing properties. Line of credit for investment/personal use |
| Loan Type |
Owner Occupied, First Home purchase, Investment property. Line of credit |
| Minimum Loan |
$50,000 |
| Maximum Loan |
No set amount. |
| Maximum LVR |
95% on standard residential property |
| Ongoing Account keeping fee |
No monthly or annual service fees apply |
| Term |
minimum 12 months. maximum 30 years. |
| Redraw Facility |
Redraw available for Variable rate loans at no cost.
Amounts via debit card and direct debit at a fee $1.50 per transaction. |
| Lump Sums |
For Variable Rate loan it is available at any time. For fixed rate loans the maximum additional repayments are up to $10,000 in a 12 months period without penalty. Prepayments that exceed this tolerance may incur an early repayment cost. |
| Interest Only Option |
1 to 10 years. |
| Fixed Rate Option |
1, 2, 3, 4, 5, 7, or 10 years (At the end of the fixed rate term the loan will automatically roll over to the variable rate unless another fixed rate term is elected). View current fixed interest rates |
| Split Loan Option |
Customers can split loans with the option of 2 variable rate loan and up to 2 fixed rate loans. |
| Repayments |
- Principal & Interest can be made monthly, fortnightly or weekly.
- Interest only is paid monthly on anniversary day of drawdown.
|
| Features |
- Direct Salary Crediting
- Debit Card
- Phone Banking
- Portability provides for the loan to be transferred from one property to another
- Cheque book with Line of Credit
|
* Comparison rate is based on a $150,000 loan over 25 years.
Online Application - with our secure form it takes only 5 minutes to get an obligation free pre-approval.
