ADVANTAGE FINANCE (SA) Nofin premium building/construction access LOAN

• A loan with all the features including a Line of Credit at competitive interest rates
• No ongoing fees
• Self employed applicants have the convenience of not being required to provide
  tax returns which makes for easier and quicker processing of loan applications
• Available on both regulated and unregulated loans
• LMI capitalisation available to maximum 80% LVR (including LMI)

LVR/Loan Amount

80% $50,000 - $1,000,000

Construction Loading

A 0.50% construction loading applies on this product 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

Lenders Mortgage Insurance (LMI)

Required on all loans. The premium is payable by the borrower in all instances. LMI can be capitalised with a maximum LVR of 80%

GST Registration

GST registration is required if the borrower’s business turnover exceeds $75,000

Settlement Fee

A once-off settlement fee of $275 is payable by the borrower when the loan settles. The fee is taken by the Funder as a disbursement.

Rate reduction / Stepdown

√ A rate reduction is applicable upon provision of 2yrs satisfactory financials

Loan Terms

From 15 to 30 years

Split Facility

Unavailable

Repayment Options

Principal and Interest
Interest Only for 1 to 10 years (after completion of construction)
Fixed interest 1-5 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)

Repayment Frequency

Instalments can be made weekly, fortnightly or monthly

Telephone & Internet Access

Yes, 24 hours a day, 7 days a week

3rd Party / Outward Direct Debits

Automatic direct debit payments of regular expenses can be made from the loan account

Direct Salary Crediting

Salary and other income such as rental income or dividends can be directly paid into the loan account and accessed via the redraw facility over the phone or via the Internet when needed

Redraw

Available via the phone (manual) or electronically (internet). $100 minimum redraw per day, $20,000 maximum redraw per day. Fee only applies to manual redraw.

Need more information or explanation?

Contact one of our friendly loan consultants and we will gladly assist you - 08 8351 5444