Kickstarter Home Loan

 General Lending Rates

• Lending Rate Type: Variable
• Interest Rate: 7.90%, Comparison Rate 7.90%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

• Lending Rate Type: Variable
• Interest Rate: 6.23%, Comparison Rate 6.23%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

• Lending Rate Type: Variable
• Interest Rate: 8.00%, Comparison Rate 8.00%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

• Lending Rate Type: Variable
• Interest Rate: 6.49%, Comparison Rate 6.49%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

• Lending Rate Type: Variable
• Interest Rate: 8.26%, Comparison Rate 8.26%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

 Product Features

• Redraw Additional Information: Yes - redraw available via Internet Banking (min $500) – available on variable loans only.

• Digital Banking Additional Information: We’ve made it easier than ever to access and manage your money. Manage your money on the go with our mobile banking app, or login to internet banking to manage your account, view your transactions, transfer funds and more. We also offer phone banking and SMS banking.

• Other Additional Information: Unlimited additional repayments and early repayments (discharge fee may apply) when on variable rate home loans. You may make up to $10,000 of additional payments a year on fixed rate loans. Early loan payout on a fixed rate loan may result in break costs being charged.

 Product Eligibility

• Residency Status - You Must Be An Australian Citizen Or Permanent Australian Resident That Resides In Australia.. Additional Information: You must be an Australian citizen or permanent Australian resident that resides in Australia.

• Min Age - 18. Additional Information: To apply you need to be 18 years of age or over.

 Bank Fees and Charges

• Additional Valuation Fee (Event), Amount: 349.00. Additional Information: Payable for any additional valuation required as part of the loan settlement process. Covers valuation for a residential property valued up to $1.5M. Please note: Valuation for any residential property with an expected value above $1.5M will be charged as per the cost to us.

• Audit Request Fee (Variable), Amount: Not Listed.. Additional Information: $30 per hour (min charge $30). Charged when you request us to provide a written confirmation of your financial accounts with Australian Unity.

• Change Of Security Fee (Event), Amount: 199.00. Additional Information: Payable when you wish to change security against your Home Loan with another security that is currently mortgaged to Australian Unity. If discharge of existing security is required, the discharge of mortgage fee will also be payable

• Discharge Fee (Event), Amount: 375.00. Additional Information: Payable when the security on your property is released. This fee covers our costs of preparing the necessary documentation to allow the discharge of your mortgage or other security type. Statutory government registration fees will also apply. Fee does not include settlement agent fees in non-CBD locations, which will be charged additionally as per cost to us.

• Documentation Search Fee (Variable), Amount: Not Listed.. Additional Information: $30 per hour (min charge $15). Charged when you request us to search and/or retrieve voucher/s or other documentation connected to your accounts with Australian Unity.

• Lenders Mortgage Insurance (Variable), Amount: Not Listed.. Additional Information: Lenders Mortgage Insurance (LMI) is an insurance policy that protect Australian Unity Bank from any loss if a borrower defaults on their home loan. It does not protect the borrower. It is a one-off, non-refundable, non-transferrable premium that’s added to your home loan. You may be charged LMI if you borrow more than 80% of the value of your property.

• Loan Establishment Fee (Upfront), Amount: 600.00. Additional Information: This fee is applicable to new, non package loans. This fee covers the cost of property valuation (for one residential property up to $1.5M) and preparation of the loan documents. Please note: Valuation for any residential property with an expected value above $1.5M will be charged as per the cost to us.

• Loan Re-documentation Fee (Event), Amount: 150.00. Additional Information: Payable if the loan documents need to be reprepared due to a change in requirements by the customer. This fee also applies should you not proceed with the loan after the new loan contract is prepared.

• Loan Restructure Fee (Event), Amount: 399.00. Additional Information: Payable when the loan requires restructuring e.g. when a loan is changed from having two account holders to one account holder. Discharge of mortgage fee will also apply if a discharge and lodgement of a new mortgage are required.

• Loan Top Up Fee (Event), Amount: 299.00. Additional Information: Payable when additional funds are requested under an existing mortgage. This fee covers administration costs where there is no change to the security or borrowers. Please note: Full valuation required for a loan top up will be charged as per the cost to us.

• Preparation Of Deed Of Priority (Event), Amount: 399.00. Additional Information: Payable per occurrence of preparation of deed of priority.

• Product Switch Fee (Event), Amount: 399.00. Additional Information: Payable to cover associated administrative costs when switching between loan products.

• Self-serve Redraw (Event), Amount: 0.00. Additional Information: A redraw facility allows you to access additional payments that you’ve made on your home loan. When you do this yourself via Internet Banking or the Mobile banking app, there is no fee. Minimum $500.

• Staff Assisted Redraw Fee (Event), Amount: 50.00. Additional Information: Payable when a redraw request is manually performed by a staff member.

• Title/documentation Production Fee (Event), Amount: 249.00. Additional Information: Payable per occurrence of title production request. Statutory government fees will also apply.

 Limitations & Restrictions (Constraints)

• Min Balance of 200000 Additional Information: Minimum loan balance of $200,000.

• Max Balance of 1000000 Additional Information: Maximum loan amount $1,000,000.