Loan Product Information

A low priced variable rate term loan with no account keeping fee

The business essentials loan is a low cost variable rate term loan at the core of your business finance.

The Business Essentials loan may help businesses wanting to:

• Expand
• Buy a property to operate from
• Purchase plant and machinery

for more information contact MortgageCorp on (02) 8014 4288 or use our contact form

Suncorp announces aggressive loan rates for Small Business is a post from: Sydney Mortgage Brokers MortgageCorp

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Purpose
Purchase of residential land, to build a residential property within three years.

Benefit
The benefit of an ANZ Residential Land Loan is that you can start paying off the land while you plan your dream home.

ANZ Offset Accounts
Even better than making extra repayments direct to your ANZ Residential Land Loan is making them to a linked ANZ Offset account.
Instead of making extra repayments direct to your ANZ Residential Land Loan, consider making them to a linked ANZ One account. This account provides 100% mortgage offset on your linked loan, but you can access your funds at anytime.
Please refer to ANZ One Fact Sheet for more information.

Flexible repayments
You can choose weekly, fortnightly or monthly repayments as well as making lump sum reductions. This will shorten the loan term, and may save you thousands of dollars. Whatever suits your needs, ANZ is there for you! Plus you can make interest only payments for up to three years. Repayments can be made by using a Direct Loan Payment (DLP).

Fee free transaction banking on linked account **
As a Variable Rate Residential Investment Loan customer, you have the option of an ANZ Access Advantage account that is free of monthly service and ANZ transaction fees.

No monthly ongoing fees
Another benefit of an ANZ Residential Land Loan is that you do not have to pay any on-going monthly fees.

ANZ Rapid Refinance. Why wait?
Has an ANZ loan caught your eye? ANZ Rapid Refinance# allows you to quickly switch your current loan to ANZ in only a matter of weeks. So, you will benefit from your refinance plans far quicker than usual.

Money magazine’s Home Loan Lender of the Year 2008, 2007, 2006 and 2005.

ANZ Residential Land Loan
Interest Rate
For the latest Interest Rates visit www.anz.com, call 1800 035 500 between 8am-11pm (EST) seven days a week, or visit any ANZ branch.

Term
Up to 30 years

Fees and Charges
Fees and charges may apply. Refer to ANZ’s Personal Banking General Fees and Charges brochure.

Repayment frequency
Weekly, fortnightly or monthly
Interest only up to 3 years is available
Additional repayments
Additional repayments can be made at any time

Repayment Source
Repayments can be made by Direct Loan Payment (DLP) from an ANZ account or by Deposit book

Loan size – Min
$20,000

Repayment options
Principal & interest or
Interest only for up to 3 years
Further information
This Fact Sheet contains general information about the ANZ Residential Land Loan. It does not form part of the terms and conditions.
#All applications are subject to ANZ’s normal credit approval criteria. Terms and conditions available on application. Fees and charges are payable.
Australia and New Zealand Banking Group Limited.
** Salary must be deposited into the transaction account to obtain the fee benefits.

ANZ Residential Land Loan is a post from: Sydney Mortgage Brokers MortgageCorp

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Introducing – Bankwest Capped Rate Home Loan
Bankwest’s vision is to be the best value, most innovative and approachable bank in Australia with an absolute focus on customer satisfaction. Therefore, in conjunction with our customers, and your feedback – we are pleased to announce the release of the Bankwest Capped Rate Home Loan – providing customers with the flexibility of a variable rate and the security of a capped rate.

The Capped Rate Home Loan is a variable rate product with a cap set on the interest rate. This means that the interest rate is guaranteed not to increase past a certain limit for a pre-determined period.

Eligibility
Eligibility Minimum loan amount $100,000.

Interest Rate
The interest rate is a variable rate with a cap set on the interest rate. Each tranche release will have a common cap expiry date and common cap interest rate. Please refer to the current interest rate fees and charges schedule for rate details or see below.

Rate Type Rate Comparison Rate
Variable Rate 5.40% p.a. 5.56% p.a.
Capped Rate* 7.50% p.a. 7.65% p.a.

*The capped rate only applies until 10/11/2012. A loan may not be available on the above terms.

Loan Value Ratio (LVR) = Maximum 90% (plus capitalised LMI)
Owner Occupier loans* ; Investment loans*; construction of an investment dwelling*. (*May differ for country and regional areas).

Applicable Fees

* Application fee – $700
* A Capped Rate Home Loan Cap Purchase Fee is payable in order to cap the interest rate. The fee is 0.15% of the loan amount and is payable upfront at the time of application.
* Monthly loan maintenance fee of $12 applies to this home loan product.
* A Capped Rate Home Loan Prepayment Fee – Payable each time you repay 50% or more of your amount of credit (including any variation to it) before the capped term expiry date. The Capped Rate Home Loan Prepayment Fee is calculated as follows: 1% of the amount of the loan being repaid.

Bankwest announces innovative new Capped Rate Home Loan is a post from: Sydney Mortgage Brokers MortgageCorp

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