Savvy First Home Buyers Loan

 General Lending Rates

• Lending Rate Type: Variable
• Interest Rate: 6.19%, Comparison Rate 0.00%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

 Product Features

• Redraw

• Offset

• Unlimited Txns

• Digital Wallet

• Npp Enabled

• Npp Payid

• Notifications

• Other Additional Information: LCU Pay for Legal Fees and Valuation up to $1,000

• Other Additional Information: Discount of 1% from the standard variable rate for the first 3 years

• Other Additional Information: Additional repayments and early payout. Unlimited additional repayments and early payout options without penalty

• Other Additional Information: Family Guarantee. Need help with your deposit? Talk to LCU about getting the bank of mum and dad to help out

• Other Additional Information: Automatic repayments can be set up from salary, LCU account, or external account

• Other Additional Information: Flexible repayments Weekly, fortnightly or monthly

• Other Additional Information: No ongoing fees. No annual, monthly or weekly fees

• Other Additional Information: Interest calculated daily and applied monthly

• Other Additional Information: Repayment type Principal and Interest

 Product Eligibility

• Natural Person

• Residency Status - At Least One Borrower Must Be An Australian Resident .

• Min Age - 18.

• Employment Status - Income Required To Service Loan. Applicant Must Meet Lcu Lending Criteria .

• Other Additional Information: First Home buyer

• Other Additional Information: Security on Australian Residential Property (1st mortgage)

• Other Additional Information: Maximum borrowing capacity (LVR) is 80% of valuation, 70% for land or rural properties, with no LMI or 95% with LMI

• Other Additional Information: Minimum Loan Term 1 Year

• Other Additional Information: Loan will be renegotiated at the end of the term - max 30 years

• Other Additional Information: Must be a shareholder owning a $10 share. Each shareholder holds an equal share regardless of their balance. Shareholders have a say in how we are run. "Own your Bank". $10 share is refunded if you choose to close your account

 Bank Fees and Charges

• Valuation Fee (Variable), Amount: 0.00.

• Solicitors Fees (Variable), Amount: 0.00.

• Registration Fees (Variable), Amount: 0.00.

• Pexa Electronic Lodgement Fee (Variable), Amount: 0.00.

• Contract Variation Fee (Event), Amount: 200.00.

• Mortgage Discharge Fee (Event), Amount: 200.00.

• Ipex Transfer Fee (Variable), Amount: 0.00.

• Bank Cheque For Settlement (Variable), Amount: 0.00.

• Lenders Mortgage Insurance (Variable), Amount: 0.00.

• Mortgage Discharge Solicitors Fee (Variable), Amount: 0.00.

• Other Certificates And Reports (Variable), Amount: 0.00.

• Land Title Search (Variable), Amount: 0.00.

• Consent For A Second Mortgage (Variable), Amount: 0.00.

 Limitations & Restrictions (Constraints)

• Min Limit of 50000.00

• Max Limit of 2800000.00