Finance Details

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Lender NameTeachers Mutual Bank
Loan nameClassic Home Loan (Owner Occupied)
Initial %3.94%
Ongoing %3.94%
Max Term Fixed Rate0
Max Term Interest Only0
Interest Type (Initial)Standard Variable
Interest Type (Ongoing)Standard Variable
Repayment FrequencyFortnightly,Monthly,Weekly
Repayment Type (Initial)Principal and Interest
Repayment Type (After Initial)Principal and Interest
Additional Loan Splits Allowed0
FinancialsFull Doc
Non ConformingNo
Product Type: CommercialNo
Product Type: Owner OccupiedYes
Product Type: InvestmentNo
Product Type: EquityYes
Product Type: ConstructionNo
Product Type: Vacant LandNo
Product Type: Line of CreditNo
Product Type: ReverseNo
Product Type: BridgingNo
NotesThe Classic Home Loan is a competitive, low variable rate product available for a limited time for owner occupiers only. This product can be used for external refinances or purchases only and may be withdrawn or amended at any time. - Loan amounts from $150K -$1M - Principal and interest repayments only - Fee free redraw facility - Borrow up to 85% LVR including LMI - Minimum loan term 6 months The following features are not available on the Classic Home Loan: - Offset facility - Ability to split the loan - Investment purpose - Interest only repayments - Internal refinances Top up available for any acceptable purpose. Additional repayments allowed at any time. Repayment pause available 12 months after first funded. Refer to the consumer lending terms and conditions for full details of conditions. Redraw subject to additional repayments being available. No charge to redraw and no minimum amount. Borrower must be one repayment ahead. Funds can be accessed over the counter, or by phone, internet or BPay. Security: A registered first mortgage over residential property. Additional security could include a first mortgage over an additional property and/or guarantee supported by a first mortgage over an acceptable security. Refer to your Broker Development Manager for further details. Additional security fee applies.
ERP Notes
BC Notes
OF NotesNil
Other Fee NotesEstablishment Fee Fee includes: - cost of preparing standard documents - 1 valuation - 3 title searches Additional Valuation and Administration Fee apply to each additional valuation
Max LVR85.00%
Capitalise LMINo
LVR NotesUp to 85% including LMI Up to 80% without LMI LMI must be capitalised
Genuine SavingsNo
Genuine Savings NotesNo genuine savings for LVR < 85%. Minimum 5% genuine savings for LVR > 85% unless LMI Genworth ?Homebuyer Plus? product is chosen.
Min Loan$150,000.00
Max Loan$1,000,000.00
Min Term0
Max Term30
Est Fee$600.00
App Fee$0.00
Val Fee$0.00
Legal Fee$0.00
S/m Fee$150.00
Upfront Fee$750.00
Ongoing Monthly Fee$0.00
Ongoing Annual Fee$0.00
Exit Fee$0.00
Fixed Fee$0.00
Other Fee$0.00
Internet BankingYes
Credit CardNo
BPay OptionNo
Professional PackNo
Cheque AccountNo
Intro RateNo
Telephone BankingYes
Direct Salary CreditYes
Portability of LoanNo
Redraw AvailableYes
Offset AccountNo
Min Redraw$0.00
Free Transactions per Month0
Loan Redraw Fee$0.00
Lender Category Non Bank