Vic Homebuyer Fund

 General Lending Rates

 Product Features

• 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

• 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: 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

• Offset Additional Information: A Mortgage Offset Account can be linked to your 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.

• Other Additional Information: Lenders Mortgage Insurance will be required if you borrow over 80% of the value of your home (or borrow an additional amount on your existing mortgage that brings the overall loan amount over 80% LVR). LMI is a one-off cost added to the total loan amount and is not a bank fee or an establishment fee.

• 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

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

• Employment Status - Employed.

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

• Other Additional Information: Must reside in Victoria, purchasing principal place of residence and meet the Victorian Homebuyer Fund eligibility criteria to receive a financial contribution towards the purchase of a property (up to 25%) in exchange for a proportional interest (share).

 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

• 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

• Pexa Service Fee (Upfront), Amount: 57.20. 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 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

• 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

• 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 950000.00 Additional Information: $950,000 in metropolitan Melbourne and Geelong or $700,000 in regional Australia