Personal Investor




General Details
Institution: Homeloans Ltd
Contact Number: 13 38 39
Product Name: Hassle Free Home Loan 60



Product Details
Availability: For applicants that are unable to provide traditional forms of income evidence, but have equity in another property and the capacity to service loan. For loans above $500,000 interest rate is 7.10% (7.17%comparison rate)
Loan Purpose: Owner Occupied OR Investment
Min Loan Amount (,000): $10
Max Loan Amount (,000 with Morgage Insurance): NA
Max Loan Amount (,000 without Morgage Insurance): $2,000
Max Loan to Value Ratio (without Morgage Insurance): 60%
Max Loan to Value Ratio (with Morgage Insurance): NA
Max Loan Term: 30

Interest Rates
Interest Rate: 7.49



Fees
Application Fee: $499
Settlement Fee: $65
Other Fee: Approx $385 Legal Fees



Features
Weekly Repayments:
Fortnightly Repayments:
Monthly Repayments:
Extra Repayments:
Repayment Comments: Loan Repayments must be made by direct debit to a borrower's bank account.
Redraw:
Min Redraw Amt: $2000
Redraw Comments: n/a
Portability:
Portability Fee: $300
Split Loan: