100% Offset Facility
A non-interest earning account where 100% of the balance is offset against the home loan to reduce the total interest payable.
No Package Fee (excluding Stretch Feature)
No fee to pay each & every year.
Repayment Sweep of Credit Card
Money OUT - Allows your loan to automatically clear your credit card linked to this loan back to zero each month.
Internet Access
The access via the internet to view & administer your home loan.
Phone Access
The access via the phone to administer your home loan.
ATM / EFTPOS Debit Card
Money OUT - An ATM card is included on this loan in order for you to withdraw cash or make purchases for living purposes.
3rd Party Direct Debits
Money OUT - You can pass your loan account number & BSB to another financial institution in order to take money periodically from your home loan account.
Repayment Required
Each repayment cycle (normally monthly) a repayment must be made, regardless if you have redraw available in the loan account.
LMI Premium Capitalisation
3rd Party Protocol Friendly
Money IN and Money OUT - A payment made to a loan account or an amount taken from a loan account either via internet transfer, employee payroll transfer or by an external party
Loan Switching
You can switch you loans variable interest rate to a fixed interest rate (subject to the terms and conditions of your loan).
Deposit Bond
A deposit bond acts as a substitute for the cash deposit in between signing a contract and settlement and can be issued for all or part of the deposit amount required, up to 10% of the purchase price. At settlement, the purchaser is required to pay the full purchase price including the deposit.
Bpay Out
Money OUT - The ability to pay your loan via a unique biller code to another financial institution.
No LMI Premium Payable By Borrower
Mortgage Insurance not Required
Loan Portability
A feature that enables a home loan to be transferred from one property to another, without refinancing. It can be of benefit by savings on loan set-up fees and government loan security duty.