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| Full Doc |
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USEFUL FEATURES
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|
| Owner occupied & investment | Yes |
| P&I or Interest-only | Yes |
| Max LVR | 90% |
| Max Term | 30 years |
| Max loan size | $1,500,000 |
| First home buyers | Yes |
| Lenders’ Mortgage Insurance | No |
| Payment frequency | M, F or W |
| Split Loans | Up to 4 splits free |
| Free redraw | Unlimited |
| Free salary crediting | Yes |
| Free 100% interest offsetting | Yes (all-in-one account) |
| Free online loan account | Unlimited access |
| Free phone loan account | Yes |
| ATM/EFTPOS/Bpay | Yes |
| Top Ups | Yes (fees & conditions apply) |
| Fixed rates | No |
| Pre-approval | Yes |
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FEES
|
|
| Risk fee |
Subject to LVR |
| Monthly ongoing fee |
Nil |
| Annual fee | Nil |
| Legal (deducted from loan)** | $275 |
| Valuation fee |
$275 |
| Settlement (deducted from loan) | $949 |
| Offset management fee |
Nil |
| Pre-approval fee |
Nil |
| Cancellation of settlement fee^ | $390 |
*This comparison rate is based on a loan amount of $150,000 over 25 years with fees and charges payable. WARNING: This comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
**This is an estimate of average legal fees. The figure may vary depending on the loan structure.
^This fee is payable in the event that settlement is cancelled by anyone other than SCMC.
