QLD Boost to Buy

General Lending Rates

Product Features

• Offset Additional Information: A Mortgage Offset Account can be linked to a 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: Flexible repayment options weekly, fortnightly or monthly

• 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: No valuation fee is charged

• 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 first home buyer owner occupiers

• Other Additional Information: As per Boost to Buy shared equity scheme property cap

• Other Additional Information: This loan is used in conjunction with the Boost to Buy shared equity scheme. The Queensland Government will provide an equity contribution that will allow eligible first home buyers to purchase a Queensland-based home with a deposit of as little as 2%, without needing to pay for Lenders Mortgage Insurance (LMI) or rely on a guarantor. All scheme requirements must be satisfied.

• Other Additional Information: Borrowers must use and occupy the property as their principal place of residence at all times

Bank Fees and Charges

• 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

• 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 (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

• 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

 Limitations & Restrictions (Constraints)

• Opening Balance of 0.00

• Max Balance of 1000000.00 Additional Information: Under the scheme rules, the maximum purchase price of the property is capped at $1 million.

• Max Lvr of 0.80 Additional Information: Max LVR 80% if approved under the Boost to Buy home ownership scheme.