Regional Australia Bank Home Loan (Non Offset)

General Lending Rates

Product Variations

Product Features

• Relationship Management Additional Information: Dedicated Relationship Manager

• Other Additional Information: split loans allowed

• Other Additional Information: Weekly, Fortnightly or Monthly repayments

• Redraw Additional Information: Minimum redraw amount is $500.

• Guarantor Additional Information: A Guarantor can be nominated to the loan during the origination process

• Extra Repayments Additional Information: Allows advance payments at no additional cost

Product Eligibility

• Other Additional Information: Product is available to approved borrowers only. Terms, conditions, fees, charges and normal lending criteria apply.

• Residency Status - Australian Resident. Additional Information: Individuals must be citizens or permanent residents of Australia.

• Other Additional Information: As a customer-owned bank, customers must also become a shareholder of Regional Australia Bank to be eligible to open an account.

• Other Additional Information: Minimum Deposit of 5% is required (with Lenders Mortgage Insurance)

• Min Age - 18. Additional Information: Borrowers must be aged 16 or older to apply. Applicants under 18 years of age, but over 16 years, may only enter into a loan contract with an adult as co-applicant or guarantor.

Bank Fees and Charges

• Late Payment Notice Fee (Event), Amount: 20.00. Additional Information: Applies when you fail to make your contracted repayments by the repayment due date.

• Title Search (Variable), Amount: Not Listed.. Additional Information: Contain service fees charged to us, on behalf of members, by other financial institutions or organisations. This fee applies when we are required to perform a title search relating to a property offered, or held, as security for your loan.

• Loan Top Up Fee (Event), Amount: 195.00. Additional Information: A “top up” is additional borrowing against a property that we hold an existing mortgage over. This fee applies on approval of the additional borrowing.

• Registration Of Transfer (Variable), Amount: Not Listed.. Additional Information: Contain service fees charged to us, on behalf of members, by other financial institutions or organisations. This fee applies when we are required to register a transfer of land relating to a property held as security for your loan.

• Registration Of Discharge Of Mortgage (Variable), Amount: Not Listed.. Additional Information: Contain service fees charged to us, on behalf of members, by other financial institutions or organisations. This fee applies when we are required to register a discharge of mortgage relating to a property held as security for your loan.

• Loan Restructure Fee (Upfront), Amount: 200.00. Additional Information: Applies when you switch your existing Regional Australia Bank home loan to a different loan type, other than a Partnership Advantage.

• Agency Settlement/handing Fee (Variable), Amount: Not Listed.. Additional Information: Contain service fees charged to us, on behalf of members, by other financial institutions or organisations. This fee applies in the event that we require an agent to attend a settlement or handle documentation, relating to your loan.

• Break Cost Fee (Exit), Amount: 0.00. Additional Information: This fee applies when you want to payout the facility early.

• Property Valuation Costs (Variable), Amount: Not Listed.. Additional Information: Contain service fees charged to us, on behalf of members, by other financial institutions or organisations. This fee applies when we are required to value each property offered or held as security at the commencement of your loan, and when required throughout the life of your loan.

• Pexa Processing Fee (Variable), Amount: Not Listed.. Additional Information: Contain service fees charged to us, on behalf of members, by other financial institutions or organisations. This fee applies when we process a settlement relating to your loan through PEXA.

• Discharge Of Mortgage Preparation (Event), Amount: 395.00. Additional Information: Applies when we are required to prepare discharge of mortgage documentation relating to a property held as security for your loan.

• Approval Fee (Upfront), Amount: 0.00. Additional Information: Applies when you get your loan approval for funding.

• Settlement Fee (Upfront), Amount: 225.00. Additional Information: This fee applies when we process an incoming mortgage-secured settlement.

• Annual Fee (Periodic), Amount: 0.00. Additional Information: Applies every year in the month in which your Regional Australia Bank Home Loan was first funded.

• Monthly Service Fee (Periodic), Amount: 0.00. Additional Information: The Monthly Service Fee is a flat monthly fee which entitles your Loan.

• Registration Of Mortgage (Variable), Amount: Not Listed.. Additional Information: Contain service fees charged to us, on behalf of members, by other financial institutions or organisations. This fee applies when we are required to register a mortgage relating to a property offered as security for your loan.

• Default Notice Fee (Event), Amount: 30.00. Additional Information: Applies when you fail to make your contracted repayments and we are required to issue a default notice to you.

 Limitations & Restrictions (Constraints)

• Min Limit of 500.00 Additional Information: The Regional Australia Bank Home Loan is only available for borrowings with over $500 of new lending.

• Max Lvr of 0.95