ADVANTAGE FINANCE (SA) 100% OFFSET FIRST HOME LOAN

Our 100% Offset Home Loan puts you in control. It combines a fully featured home loan with all the benefits of a 100% offset account and lets you see at a glance what you owe and what you own because the offset balance is shown separately. The best part is that interest charges are calculated by applying the interest rate to the net balance (loan amount less offset balance) each day. Available up to 90% LVR (5% genuine savings required)

Principal and Interest

This repayment option offers principal and interest repayments for the full term of the loan. Interest rate flexibility allows you to have a fixed or variable interest rate, and you can also split your loan.

Interest-Based

Ideal for investors, this option allows you to have up to 10 years interest-based repayments before principal and interest repayments are required.

Loan Purpose

Use a 100% Offset Home Loan for:

• Purchase or refinance of an owner-occupied or investment property
• Debt consolidation
• Home equity loan for investment or personal purposes
• Construction of a new dwelling with progress payments
• Go-Between bridging finance

Interest Rate

• Balanced Variable Rate
• Balanced Fixed Rates from 1 to 5 years

Deposit interest is not paid if the net balance is positive (that is if the offset balance exceeds the amount owed).

Application Fee

Additional fees are payable if you have more than one security property, require the support of a guarantor and/or have a company or trust involved in the application.

Administration Fee

Nil

Minimum Loan Amount

$50,000

Maximum Loan Amount

No maximum, subject to Lending Criteria and LMI.

Loan Term LVR Ratio

Up to 90% for P & I loans and up to 80% for Interest Only loans.

Repayment Frequency

Option of weekly, fortnightly or monthly repayment frequency with payments automatically debited from the offset balance.

Voluntary Repayments

Can be made at any time without penalty. Funds can also be transferred from the offset balance to the loan portion via online banking.

Split Loans

Available - You may split your loan with Home Line account, a Balanced Term Loan, a fixed rate term loan or another 100% Offset Home Loan. Additional loan application fee may apply per split.

Redraw

Available - access amounts transferred to the loan portion (subject to approval). A minimum redraw amount and a redraw fee may apply.

Rate Conversion

Convert from a variable rate to a fixed rate at any time. A rate conversion fee is payable.

Need more information or explanation?

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