Some changes you need to know about:
What’s New
Certainty at a great rate, with no break fees^
For new applications submitted from 17 April 2023, your clients can fix:
- Their variable interest rate for 2 years with no additional loading.
- Their variable interest rate for 3 years with a 0.10% loading.
- Their variable interest rate for 5 years with a 0.30% loading.
Fixed rate loan option overview
- No break cost fees apply to changing to a variable rate or repaying the loan in full.
- No limit on additional repayments (redraw isn’t available for the fixed period).
- Option to lock in the interest rate at final approval (fees apply).
- Repayment certainty for your customers.
An update on variable rates
For new applications effective 17 April 2023:
- Our variable interest rate remains unchanged, effective 17 March 2023.
An update on Fees
- A 1.5% risk fee loading for vacant land securities will apply for our Prime Full Doc, Prime Alt Doc, Near Prime Clear Full Doc and Near Prime Full Doc home loan options.
- A 0.5% risk fee loading for loans equal to or greater than $1,500,000 will apply for our Near Prime Clear and Near Prime home loan options.
