Maximiza Full Doc LOC Facility
Product Profile
Variable rate Line of Credit facility with interest capitalisation, cheque book, direct card and direct credit and direct debit facilities.
Loan Size
$30,000 up to $500,000
Purpose
Owner Occupied or investment residential property purchases and refinances
Term
Up to 30 year term
Repayments
Interest-Only (IO)
Interest capitalised for first 10 years where credit limit < $500,000 and LVR < 75%
Additional loan repayments accepted any time
Repayment Method
Variable interest rate options only can be made via:
Direct debit system from nominated bank account
Direct Salary Credits
Other Income Credits
BPAY Credit
Can be arranged using Internet Banking or Telephone Banking
Repayment Frequency
Weekly, fortnightly, twice monthly or monthly
Day and date can be nominated
Split Facility
You can have up to 4 separate loans under the one facility,each with separate loan statements
Redraw conditions
Variable interest rate options only can be arranged via:
Direct credit to nominated bank account
Internet Banking
Telephone Banking
Cheque book access to available funds
direct card access to available funds via ATM and EFTPOS
Optional direct debit
Maximum which can be lent on value of property
85% for loans up to $500,000
Fees
Account keeping fees - No
Statement fees - No
Unlimited free standard transactions and non-standard transactions p/m - Yes
Early repayment fee Yes
