More Details

Loan Details

 

Lender
https://www.erates.com.au/wp-content/uploads/2019/02/AFG-Home-Loans.png
Comparison Rate
4.84
Name
Link Premium Owner Occupied <70% LVR IO
Lender
AFG Home Loans - Link
Product Name
Link Premium IO
Product Details
Available for purchase/refinance of owner occupied or investment loans. PAYG - 2 of last 3 payslips plus either letter from employer, most recent group certificate/NOA or 3 mth bank statements. Self-employed borrowers - ABN min 2 yrs and last 2 yrs Financials plus NOAs required. Discharged from bankruptcy (12 mths accepted). Repayment of tax debt and debt consolidation acceptable. Uncontrolled cash out to 80% LVR based on specific purpose requirements (conditions apply). Max interest only term 5 yrs. Acceptable security for loans to $1.5m - Genworth Cat 1 Locations, excluding Geraldton WA, Mackay Qld, Rockhampton Qld, Inner City Locations, High Density Securities (>15 units) and where land size of established dwelling security is >2500sqm. Acceptable security for loans >$1.5m to $2m - Metro locations with exceptions being Inner City Locations, High Density Securities (>15 units) and where land size of established dwelling security is >2500sqm.
Variable Rate
4.49
Fixed Rate
Fixed Period
Introductory Discount Rate
Discount Period
Application Fees
0
Discharge Fees
350
Ongoing Fees
330
Valuation Fees
251
Lenders Legal Fees
95.7
Lenders Settlement Fees
399
Minimum Loan Amount
100000
Max Loan Amount
2000000
Owner Occupied
Y
Investment
N
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)
8
Max Loan Term (years)
30
Rate Details
Fee Details
Lenders Legal currently waived (standard disbursement fee of $95.70 applies however may vary based on the complexity of the loan structure and securities offered). Valuation Fee: a max of $400 towards upfront valuation cost is covered by AFG HL(std valuation cost $251). Any valuation costs exceeding this will be charged to the borrower at settlement. Properties >$1m and/or considered specialised will attract a higher valuation fee. Discharge fee is per security plus third party fees.
Internet Banking
Y
Mortgage Offset Available
Y
Redraw Details
Redraw only available if 100% Offset Facility is selected with loan. Electronic redraw miin $500 (no fee). Manual redraw min $3000 (fee is $50 if requested manually  RTGS, $9 if overnight direct entry) Redraw not available for interest only loans
Redraw Facility
Y
Construction
Y
Can Make Extra Repayments
Y
Repayments Fortnightly
Y
Repayments Monthly
Y
Repayments Weekly
Y
Salary Direct Available
N
Portability
Y
Split Available
Y
Split Details
Max 4 splits available