More Details

Loan Details

 

Lender
https://www.erates.com.au/wp-content/uploads/2019/02/Resimac.png
Comparison Rate
4.22
Name
Resimac Prime Standard <80% LVR Investment IO
Lender
Resimac
Product Name
Resimac Standard
Product Details
Available for PAYG or Self Employed applicants for purchase, refinance, debt consolidation or cash out purposes (some restrictions may apply). Not available for construction, purchase of vacant land or home improvement (minor non-structural permitted). Offers redraw, 100% offset available, additional repayments. Max IO term 5 years O/O, 10 yrs investment. Max loan amount dependent on security and location. Apartments/Units Max LVR restrictions VIC (all postcodes) Prime insured - no restriction provided LMI can be obtained Prime uninsured - max 70% LVR Specialist - max LVR will be 10% less the product maximum NSW (all postcodes) Prime insured - no restriction provided LMI can be obtained Prime uninsured - max 70% LVR Specialist - max LVR will be 10% less the product maximum QLD (inner city postcodes as defined by Resimac) Prime insured - no restriction provided LMI can be obtained Prime uninsured - max 70% LVR Specialist - max LVR will be 10% less the product maximum NT (postcode 0800) Prime insured - no restriction provided LMI can be obtained Prime uninsured - max 70% LVR Specialist - max LVR will be 10% less the product maximum ACT (postcodes 2600 - 2612) and WA (postcodes 6000 - 6005 and 6100 - 6103) Prime insured - no restriction provided LMI can be obtained Prime uninsured - max 70% LVR Specialist - max LVR will be 10% less the product maximum ACT (all other postcodes) and WA (all other postcodes) Prime insured - no restriction provided LMI can be obtained Prime uninsured - max LVR will be 5% less the product maximum Specialist - max LVR will be 5% less the product maximum
Variable Rate
4.19
Fixed Rate
Fixed Period
Introductory Discount Rate
Discount Period
Application Fees
0
Discharge Fees
608
Ongoing Fees
0
Valuation Fees
330
Lenders Legal Fees
Lenders Settlement Fees
Minimum Loan Amount
50000
Max Loan Amount
2000000
Owner Occupied
N
Investment
Y
Repayment Option
Interest Only
ACT
Y
NSW
Y
TAS
Y
QLD
Y
VIC
Y
SA
Y
WA
Y
NT
Y
Standard Variable
Y
Fixed
N
Interest In Advance
N
Reverse Mortgage
N
Basic
N
No Doc
N
Low Doc
N
Equity
N
Intro
N
Credit Impaired
N
Professional Pack
N
Minimum Loan Term (years)
15
Max Loan Term (years)
30
Rate Details
Fee Details
Additional fees and charges may apply for more complex loan structures.
Internet Banking
Y
Mortgage Offset Available
Y
Redraw Details
Internet or phone redraw: Min $100, max $20k per day, no fee. Manual redraw: Min $100, max amount is available balance, fee $26.
Redraw Facility
Y
Construction
N
Can Make Extra Repayments
Y
Repayments Fortnightly
Y
Repayments Monthly
Y
Repayments Weekly
Y
Salary Direct Available
Y
Portability
Y
Split Available
Y
Split Details
Readjustment is $110