Quick Start

Description : Designed for borrowers who are unable to show a genuine 3% (of the property value) accumulated savings over a period of at least 6 months. Instead the deposit can be in the form of a Gift, First Home Owners Grant or via other loan(s).

 

 

Loan Amount - Minimum $50,000
Loan Amount - Maximum $1,000,000
Rate Type Variable or Fixed (no cost to switch to fix)
Repayments Principle and Interest only
Monthly or Fortnightly
Salary Crediting or Direct Debit
LVR – Maximum

97% to $600,000

95% to $750,000

90% to $1,000,000

Conditions Borrowers must be in their current employment for a minimum period of twelve (12) months & employed for a Minimum of twenty Four (24) months in the same/or similar field.
Loan Term Minimum  15 years
Maximum 40 years
Redraw Available Yes
Split Loan Available No
Lenders Mortgage Insurance Payable only if LVR more than 80% or loan amount greater than $750,000.
Fees - Monthly Fee
- Application Fee
- Settlement Fee
 
$Nil
$600 (inc. valuation fee for one security)
$379.50