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  REVERSE HOME LOAN

 General Lending Rates

• Lending Rate Type: Variable
• Interest Rate: 7.33%, Comparison Rate 7.38%
• Repayment Type: Interest Only
• Loan Purpose: Owner Occupied

 Product Features

• Digital Banking Additional Information: SCCU Netbanking

• Other Additional Information: LVR based on age starting at 15% with Max LVR 30% for 85+years

• Redraw

• Other Additional Information: Can make repayments if desired

 Product Eligibility

• Residency Status - Y. Additional Information: Must be Australian resident

• Min Age - 70. Additional Information: 70 years and over

• Natural Person

• Other Additional Information: Existing SCCU customer only

• Other Additional Information: Meet SCCU Credit assessment criteria

• Other Additional Information: Provide acceptable residential security

• Other Additional Information: For limited and specific purposes

• Other Additional Information: Must obtain independant legal and financial advice

 Bank Fees and Charges

• Home Loan Legal Fee (Event), Amount: 430.00. Additional Information: A one off fee required to document and settle your loan.

• Loan Top-up (Event), Amount: 250.00. Additional Information: Additional establishment fee for increasing your VARIABLE rate home loan at any point after the home loan has been finalised. Does not include Fixed rate loans

• Recontracting Fee (Event), Amount: 150.00. Additional Information: Any amendments made to the loan after the loan contract has been created but before it has been funded will incur a fee.

• Direct Debit Dishonour (Event), Amount: 15.00. Additional Information: Charged if your direct debit payment is dishonoured due to insufficient funds

• Loan Discharge Fee (Event), Amount: 150.00. Additional Information: This fee covers the costs associated with releasing your title and is charged per security discharged

• Home Loan Establishment Fee (Upfront), Amount: 699.00. Additional Information: A one off upfront fee for setting up your home loan.

• Property Valuation Fee (Variable), Amount: 300.00. Additional Information: If using a property as security for a loan, we need to ascertain what the property is worth. This fee covers the cost of valuing your property. Fee varies dependent on type and complexity of property.

• Home Loan Security Variation (Event), Amount: 150.00. Additional Information: When there is a variation made to the security used for an existing loan agreement. Charged per security.

• Loan Variation (Event), Amount: 150.00. Additional Information: When there is a variation made to the terms of an existing loan agreement. For example principal reduction, change to loan term.

• Home Loan Product Switch (Event), Amount: 300.00. Additional Information: Variations to your loan including changing product, fixing your interest rates or switching between interest only and principle and interest repayments, will incur a product switch fee.

 Limitations & Restrictions (Constraints)

• Min Limit of 20000.00 Additional Information: borrowing starting from $20k

• Max Limit of 250000.00 Additional Information: borrowing up to $250k