Line Of Credit

LINE OF CREDIT FACILITY

Purpose	This facility is similar to an overdraft facility or credit card account, except that both principal and interest are repaid over time in regular instalments
Loan Size	From $30,000 to $2,500,000 per security property (conditions apply). If LOC is stand-alone Max amount is $750K LVR 85%, LVR of up to 90% with loan amounts up to $500K
Delivery Rate	Discounted rate available
Term	30 years only
Repayments	Interest Only for first 15 years (called the Revolving Credit Period) followed by Principal and Interest for the remainder of the loan term
Frequency	Weekly, fortnightly or monthly. The full repayment has to be received by the 2nd working day of the month
Convert to Fixed Rate	At the end of the Revolving Credit Period, all or part of the loan can be converted to a fixed rate loan
Split Loan Facility	Up to 4 separate splits per facility. Transfer funds between splits using Inter Account Payment facility
Withdrawals	Available when required. Minimum re-draw $50 when using Loan Service Line or Loan Service Net for all variable rate loans
Pay Anyone	Payment can be made to any bank, building society or credit union directly from your loan using a valid BSB and account number (excludes credit cards)
Card Access	A card providing direct access to funds available in the loan is available for each Line of Credit account
Cheque Access	Cheque Book access to funds available in the Line of Credit account is available for each Line of Credit account
Maximum LVR	90% for all loans (conditions apply)
Fees	No Monthly administration or ongoing fees
Application Fee	No fee for loans of $300,000 or more, $750.00 for loans under $300,000
Deferred Admin Fee(DAF)	Payable on a scale of 0.5% to 1.60%, dependant upon the product
Security Discharge Administration Fee (SDAF)	$350 is payable on full discharge of the loan
Government & Bank Charges	For example, mortgage duty, registration fees and property searches
Legal fees & disbursements	Client will pay costs associated with their own legal fees and disbursements
Other Conditions	Vacant Land not acceptable as Security for stand-alone LOC loans At the end of the Revolving Credit Period any unused credit limit is cancelled and principal and interest payments are then made on the outstanding balance All repayments to be made by electronic direct debit Lenders Mortgage Insurance is required for all loans. Premium is payable by the borrower if the amount borrowed is greater than 80% of the value of the property (conditions apply) Break costs will apply to fixed rate loans if fixed rate period is being broken 1st registered mortgage over residential property required as security on all loans Annual card fee of $35 is waived for the first year, also waived for subsequent years if credit card purchases exceed $8,000 p.a Cheque Book available $20 for book of 30 cheques

This fact sheet provides general information only. Full details of the loan are set our in the loan agreement. Conditions, fees & charges may apply.