Personal Investor




General Details
Institution: Wizard Home Loans
 Contact Number: 131 970
Product Name: Fastdoc Plus


Product Details
Availability: LMI is payable if the LVR exceeds 70% (65% if loan amount is >$750,000). Borrower may pay as a one-off payment, capitalising the premium or as an interest rate loading.
 Loan Purpose: Owner Occupied OR Investment
Min Loan Amount (,000): $50
 Max Loan Amount (,000 with Morgage Insurance): $750
Max Loan Amount (,000 without Morgage Insurance): n/a
 Max Loan to Value Ratio (without Morgage Insurance): n/a
Max Loan to Value Ratio (with Morgage Insurance): 80%
 Max Loan Term: 30

Interest Rates
Interest Rate: 8.42


Fees
Application Fee: $895
 Settlement Fee: n/a
Other Fee: A Deferred Administration Fee applies if loan is paid out in full within the 1st 5 years. This will be calculated as a percentage of the original loan amount as follows: Months 0 – 12 1.75% Months 12 – 24 1.50% Months 24 – 36 1.20% Months 36 – 48 0.80% Months 48 – 60 0.40% After 60 months Nil



Features
Weekly Repayments:
Fortnightly Repayments:
Monthly Repayments:
Extra Repayments:
Repayment Comments: n/a
 Redraw:
Min Redraw Amt: $50
 Redraw Comments: n/a
Portability:
Portability Fee: n/a
Split Loan: