Momentum Home Loan 60LVR - Property Investor - Variable I/O

General Lending Rates

Product Variations

Product Features

• Offset Additional Information: A Momentum Offset Account can be linked to a Momentum Home Loan. The money you put in your linked Mortgage Offset Account reduces the balance on which the interest is charged on your home loan.

• Redraw Additional Information: Your loan comes with a repayment redraw facility. This gives you access to additional repayments if you?re at least one full repayment ahead, you can redraw $100 or more. It?s simple to redraw using our App or Online Banking.

• Npp Payid Additional Information: Get faster payments between participating banks, anytime with Pay ID

• Npp Enabled

• Other Additional Information: 30 years

• Other Additional Information: You can increase your loan amount throughout the life of the loan, subject to equity held in your property and our approval.

• Other Additional Information: Splitting is when you divide one loan into two or more loan accounts, generally with different loan types, repayment types or interest rates.

• Other Additional Information: Interest Only - monthly due 1st day of each month

• Card Access Additional Information: You can make extra repayments or repay your loan in full at any time. Extra repayments may enable you to redraw funds, subject to conditions

• Other Additional Information: A guarantor supports the loan by providing us with an additional security such as their home. By providing a guarantee, we may lend to the borrower in situations where they may not have been able to secure the full amount of the loan they require.

• Other Additional Information: This loan can be used for the purposes of refinancing your owner occupied existing loan from another lender only, with the interest rate based on LVR tiers.

• Other Additional Information: Valuation fee waived up to $1,000.

• Other Additional Information: No establishment fee is charged.

• Digital Banking Additional Information: 24/7 access via internet banking and mobile app

Product Eligibility

• Natural Person

• Min Age - 18. Additional Information: Individuals must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older

• Employment Status - Employed.

• Residency Status - Permanent Resident. Additional Information: You must be an Australian citizen or permanent resident to apply

• Other Additional Information: Applications for credit are subject to the Bank?s eligibility and suitability criteria and normal credit approval process.

• Other Additional Information: Only available for external refinancing purposes

Bank Fees and Charges

• Loan Switch Fee (Event), Amount: 200.00. Additional Information: A fee charged to switch your loan account from one type to another

• Valuation Fee (Variable), Amount: 0.00. Additional Information: A fee charged to cover the cost of obtaining a valuation report on your property or the property being purchased

• Title Search Fee (Variable), Amount: 0.00. Additional Information: A third party cost for a Title Search to determine any interests in a property

• Registration Fees (Variable), Amount: 0.00. Additional Information: A third party cost for registration of mortgage

• Stamp Duty (mortgage) (Variable), Amount: 0.00. Additional Information: The tax charged on written documents and certain transactions imposed by the state government.

• Pexa Service Fee (Variable), Amount: 0.00. Additional Information: A fee charged to cover third party costs associated with the establishment of your mortgage

• Mortgage Administration Fee (Event), Amount: 150.00. Additional Information: A fee charged if we are asked by you or your legal representative to make any of our loan documents available to you during the life of the loan

• Consent Fee (Event), Amount: 300.00. Additional Information: A fee charged for consent to subdivide, substitute, lease, cross-collateralise or any other matter where we need to reassess the loan in any way

• Mortgage Discharge Fee (Exit), Amount: 300.00. Additional Information: A fee charged if you repay your loan and request us to discharge your mortgage, includes our costs and is in addition to any costs incurred by us from external parties

• Mortgage Discharge - Registration Fee (Variable), Amount: 0.00. Additional Information: A fee charged to cover third party costs associated with the discharge of your mortgage

• Mortgage Discharge - Pexa Service Fee (Variable), Amount: 0.00. Additional Information: A fee charged to cover third party costs associated with the discharge of your mortgage

• Default Notice Fee (Event), Amount: 50.00. Additional Information: A fee charged if you default on your repayments and we issue a default notice

• Security Guarantor Fee (Upfront), Amount: 200.00. Additional Information: Payable if a guarantor is listed on the loan schedule.

• Re-documentation Fee (Event), Amount: 250.00. Additional Information: A fee charged if you request to make a change such as include a Fixed Rate Lock fee after your Loan Offer & Contract documentation has been provided, but prior to loan settlement

 Limitations & Restrictions (Constraints)

• Opening Balance of 100000.00

• Max Balance of 5000000.00

• Max Lvr of 0.60