More Details

Loan Details

 

Lender
Teachers Mutual Bank
Comparison Rate
5.04
Name
Solutions Plus Owner Occupied $500k - $750k >90% LVR P&I
Lender
Teachers Mutual Bank
Product Name
Solutions Plus Owner Occupied Rewards Package
Product Details
Available for new owner occupiers with new to bank security. Teachers Mutual Bank provides access to financial products and services for current or retired employees of the Australian education sector or family members of members (ie shareholders) of the Bank (Individuals must be citizens or permanent residents of Australia). Max 95% LVR inc LMI for Lecturers/Teachers. For all other occupations max 90% LVR plus LMI. Offers a discounted rate for the life of the loan and is only available to eligible members with the Rewards Package. Eligibility includes current everyday account, registered online banking, min deposit of $2k per month and new min loan amount of $150k. Max LVR 95% $ for $ existing mortgage otherwise 90% subject to equity release and debt consolidation limits inc LMI
Variable Rate
4.79
Fixed Rate
Fixed Period
Introductory Discount Rate
Discount Period
Application Fees
600
Discharge Fees
Ongoing Fees
200
Valuation Fees
Lenders Legal Fees
Lenders Settlement Fees
150
Minimum Loan Amount
500000
Max Loan Amount
749999
Owner Occupied
Y
Investment
N
Repayment Option
Principal & Interest
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
Y
Minimum Loan Term (years)
1
Max Loan Term (years)
30
Rate Details
Fee Details
Internet Banking
Y
Mortgage Offset Available
Y
Redraw Details
Redraw available - no fee.
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
Ability to split loan. Min split on variable rate is $25k