ADVANTAGE
FINANCE (SA) premium building/construction
access LOAN
- A loan with all the features at a very competitive interest
rate
- No on-going fees
- Suitable for PAYG or self-employed borrowers. Two years
tax returns are required for self-employed borrowers. Borrowers
must have a good credit history and can be companies or trusts
- Loans may be regulated or unregulated, and for any worthwhile
purpose
- LMI Capitalisation available to maximum LVR of 90% (including
LMI)
LVR/Loan Amount*
90% to $1 Million
*LVR/Loan amounts may still
be subject to conditions set by applicable Lenders Mortgage Insurers
Lenders Mortgage Insurance (LMI)
For loans insured with
Genworth - Payable
by the borrowers when the LVR is greater than 80%
and/or the loan amount is greater than $500,000. The LMI can be
capitalised on the loan amount to a maximum LVR of 95%
For loans insured with PMI – Payable by customer on all loans
Construction Loading
A 0.50% construction loading applies for the
life of the loan. However, if construction is not completed within
12 months of the initial drawdown, the rate will increase by
2% per annum until completion
Loan Terms
From 15 to 40 years (maximum construction
loan term is 12 months)
Split Facility
Unavailable
Repayments
Principal and Interest
Interest Only for 1
to 10 years (after completion of construction)
Fixed Interest Option 1 to 5 years after completion of construction)
Repayment Options
Repayments can be made by direct debit request,
direct electronic credit (after completion of construction) and
BPay (after completion of construction)
Frequency
Instalments can be made weekly, fortnightly
or monthly. Extra payments on variable rate loans can be made
at any time
Telephone & Internet Access
Yes, 24 hours a day, 7 days a week
Direct Debit
Pay your loan by direct debit monhtly, fortnightly
or weekly
Direct Credits
Have your salary or rental income directly
paid into your loan account and use your redraw facility over
the phone or via the internet to access your money when needed
(available after completion of construction)
Redraw
Available as required and accessed over phone
or via the Internet (available after completion of construction).
Pay Anyone
3rd party direct debits from the loan is permitted
(available after completion of construction)
Need more information or explanation?
Contact one of our friendly loan consultants
and we will gladly assist you - 08 8351 5444
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