Home Guarantee Scheme

 General Lending Rates

 Product Features

• Offset Additional Information: This loan is used in conjunction with the Australian Government's Home Guarantee Scheem (HGS). Housing Australia provides a guarantee that will allow eligible first home buyers (and other eligible borrowers) to purchase a home with a deposit of as little as 2%, without needing to pay for Lenders Mortgage Insurance (LMI) or rely on a guarantor.

• 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

• Npp Enabled

• 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: Switching is a change to one or more aspects of your loan's terms and conditions, for example switching from a variable rate to a fixed rate or switching from Interest Only to Principal and Interest repayments.

• 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: Flexible repayment options weekly, fortnightly or monthly

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

• Other Additional Information: Establishment Fee Waived

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

 Product Eligibility

• Natural Person

• Min Age - 18.

• 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: 95% if approved under the First Home Guarantee or Regional FHB Guarantee, or 98% under Family Home Guarantee

• Other Additional Information: As per Home Guarantee Scheme (HGS) property caps

• Other Additional Information: Purchase or refinance for First Home Buyer Owner Occupiers only

• Other Additional Information: This loan is used in conjunction with the Australian Government's Home Guarantee Scheem (HGS). Housing Australia provides a guarantee that will allow eligible first home buyers (and other eligible borrowers) to purchase a home with a deposit of as little as 2%, without needing to pay for Lenders Mortgage Insurance (LMI) or rely on a guarantor.

 Bank Fees and Charges

• Loan Establishment Fee - Mortgage Loan (top Up) (Upfront), Amount: 200.00. Additional Information: A fee charged to vary the value of an existing home loan

• 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 (Event), Amount: 20.00. Additional Information: A third party cost for a Title Serach 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 (Upfront), Amount: 57.20. Additional Information: A fee charged to cover third party costs associated with the establishment of your mortgage

• Lenders Mortgage Insurance (Variable), Amount: 0.00. Additional Information: Third party cost for insurance that protects the lender in the event that the borrower defaults on their home or investment loan

• 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 a subsequent mortgage in favour of an another lender where we hold the prior mortgage

• 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 (Exit), Amount: 146.40. Additional Information: A fee charged to cover third party costs associated with the discharge of your mortgage

• Mortgage Discharge - Pexa Service Fee (Exit), Amount: 42.24. Additional Information: A fee charged to cover third party costs associated with the discharge of your mortgage

• Variation Of Security (Event), Amount: 200.00. Additional Information: A fee charged for the variation of security or other loan details, requiring us to issue new documents or re-assess your loan in any way

• Late Payment Fee (Event), Amount: 15.00. Additional Information: A fee charged when you don't make your minimum monthly payment, plus any overdue amount

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

• Consent To Subdivide (Event), Amount: 250.00. Additional Information: A fee charged when the borrower seeks the bank's consent to subdivide a property.

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

• Loan Establishment Fee - Mortgage Loan (top Up) (Upfront), Amount: 200.00. Additional Information: A fee charged to vary the value of an existing home loan

 Limitations & Restrictions (Constraints)

• Opening Balance of 0.00

• Min Balance of Additional Information: Maximum purchase prices (property price caps) are applicable for eligible properties purchased under the Home Guarantee Scheme in capital cities, large regional centres and regional areas.