5year Fixed Rate INV IO

General Lending Rates

Product Variations

Product Features

• Redraw Additional Information: Enjoy free redraw. Access your additional home loan repayments with redraw, so you can use it whenever you need some breathing space. A $200 minimum withdrawal amount applies for redraws conducted in-branch.

• Other Additional Information: $0 Monthly or annual fees.

• Digital Banking Additional Information: Wherever you are in the world, Great Southern Bank gives you the choice and control to securely manage all of your accounts on a range of devices, the way you want.

• Guarantor Additional Information: A guarantor is someone who promises to repay money that is owed to us under a loan, if for some reason the borrower doesn’t.

• Extra Repayments Additional Information: Up to $30,000 in total extra payments permitted during the fixed rate period. A daily transfer will refund any amounts paid in advance in excess of the total advance repayments allowed during the fixed rate period unless sufficient to pay out the loan in full (in which case an Early Payout Cost may apply). Excess funds will be transferred to the nominated deposit account, which must remain open for the fixed rate period.

Product Eligibility

• Residency Status - You Must Be An Australian Citizen Or Australian Resident To Hold An Account With Great Southern Bank.

• Min Age - 18. Additional Information: To be 18 or over

• Natural Person Additional Information: Applications are for individuals and personal use purposes only.

Bank Fees and Charges

• Telegraphic Transfer Fee Within Australia (Event), Amount: 35.00. Additional Information: Local telegraphic transfer to an account at a financial institution within Australia. Payable where you request a local telegraphic transfer to an account at a financial institution within Australia.

• Account Information Fee (Event), Amount: 20.00. Additional Information: Account informaton fee is payable when customer request the following: - An annual audit certificate on a Great Southern Bank account - A copy of a cheque or Visa voucher - Personal information, traces, document copies (other than those specified above) and/or information pertaining to an account Where further investigation is required an additional hourly rate of $20 per hour will apply. An estimate of the costs involved will be provided prior to the work being undertaken.

• Valuation Fee (Event), Amount: Not Listed.. Additional Information: The establishment fee for non Rate Breaker home loans covers the cost of one valuation. A valuation fee may be payable in the future if Great Southern Bank considers it necessary to revalue the property at any time. The amount of the fee will be subject to the Great Southern Bank panel valuers scale of fees current at that time.

• Home Guarantee Scheme Lmi Premium (Event), Amount: Not Listed.. Additional Information: Applicable only to eligible loans participating in the Home Guarantee Schemes including the First Home Guarantee (previously know as the First Home Loan Deposit Scheme), New Home Guarantee, Family Home Guarantee or Regional First Home Buyer Guarantee. If the Guarantee Certificate expires or is otherwise discharged due to an act or omission undertaken by you or a guarantor, Great Southern Bank may seek to obtain lenders’ mortgage insurance (LMI) in respect of the Loan and in that case, you must pay this fee to reimburse Great Southern Bank for the cost incurred in obtaining LMI. For Contracts entered into prior to 22 June 2022, the applicable premium amount is referred to as a FHLDS LMI Premium or Family Home Guarantee LMI Premium.

• Arrears Letter Fee (Event), Amount: 22.00. Additional Information: Payable where Great Southern Bank sends you a letter in relation to arrears on your account.

• Default Notice Fee (Event), Amount: 33.00. Additional Information: Default notice fee is payable where Great Southern Bank sends you a default notice in relation to outstanding arrears on your account.

• Split Loan Fee (Event), Amount: 300.00. Additional Information: Split loan fee is payable a split involves two or more separate facilities (accounts). Customers can elect to split their loan facility at time of application.

• Fixed Rate Lock Fee (Event), Amount: 600.00. Additional Information: A Fixed Rate Lock fee is payable to each fixed rate loan where the borrower has requested to have Fixed Rate Lock on their home loan application.

• Early Payout Cost (epc) (Event), Amount: Not Listed.. Additional Information: When you enter into a fixed rate loan contract, you are effectively locking in the loan interest rate offered to you for an agreed period of time (e.g. 5 years). If you decide to switch or payout your fixed rate loan before the end of your agreed period, you are effectively breaking that fixed rate loan agreement, an EPC that could cost you thousands of dollars may apply. Please refer to our ‘Early Payout Cost Factsheet’ for more information. Contracts entered into prior to 28 September 2021, the amount is referred to as an Early Payout Fee.

• Monthly Account Keeping Fee (Periodic), Amount: 0.00.

• Monthly Fee (Periodic), Amount: 0.00.

• Debt Collection Fee (Event), Amount: Not Listed.. Additional Information: Costs incurred in the recovery of outstanding debts vary depending on the nature of the default. These costs are applied by the Solicitors or independent contractors engaged to undertake action to recover the funds and are debited to the account that is "out of order".

• Security Adminstration Fee (Upfront), Amount: 235.00. Additional Information: For each security offered to the Great Southern Bank loan. A securities administration fee applies to all secured credit facilities. The securities administration fee represents the average cost based on typical charges incurred in settling loans, including: • Progressive drawdowns • Bank cheque fee • Agent fee • Land title search • Credit reference fee • PPSR searches • PPSR charges

• Discharge Fee (Exit), Amount: 500.00. Additional Information: If you pay out the loan partially or in full where a discharge of security is required, or you request a discharge of a security, a discharge fee is payable (per release or transaction).

• Redraw Fee (Event), Amount: 0.00. Additional Information: $200 minimum withdrawal applies in branch.

• Production Fee (Event), Amount: 100.00. Additional Information: If you request a title held by Great Southern Bank to be produced to a relevant state’s land titles office for any purpose, a production fee is payable.

• Re-documentation Fee (Event), Amount: 300.00. Additional Information: Where a borrower requests, and Great Southern Bank agrees, to a restructure of a loan between approval and funding and that change requires amended documentation to be prepared, a fee will be payable.

• Variation Fee (Event), Amount: 300.00. Additional Information: A variation fee is payable if you request any changes to the Credit Contract or Security - for example: - Re-arrange and/or substitute a security on a mortgage - Consent to any dealings in relation to property - Switch from one interest rate product to another, at the request of the borrower - Where a fixed interest rate has decreased between loan approval and loan funding, at the request of the borrower.

• Government Fees And Charges (Upfront), Amount: Not Listed.. Additional Information: Government fees and charges relating to stamp duty and registration are payable on an event causing a change or variation to the transaction and/or security being taken in the applicable state or territory. The amount of the fee will be subject to the relevant government scale of fees current at that time.

• Solicitors Costs (Upfront), Amount: Not Listed.. Additional Information: Solicitors costs are payable where they are engaged to prepare documents or provide advice relating to your matter on Great Southern Bank’s behalf.

 Limitations & Restrictions (Constraints)

• Max Limit of 5000000.00

• Min Limit of 100000.00 Additional Information: Fixed Rate loans are available to (a) new home loans with a minimum application amount of $100,000; or (b) switching or restructuring of existing home loans.

• Max Lvr of 0.90 Additional Information: Max LVR for Investor Home Loan products is 90%

• Min Lvr of 0.01 Additional Information: Min LVR for Home Loan products is 1%