ADVANTAGE
FINANCE (SA) Power Pack INVESTING LOAN
- All the features you expect in a Pro-pack loan with Direct
Salary Crediting into the loan account, Pay Anyone option,
Line of Credit Facility, Internet and Phone banking
- Loan amounts to $2.5M
- Available to company borrowers and trusts
- Ongoing low rate (Not a honeymoon or start rate)
LVR/Loan Amount
90% $650,001 - $750,000*
85% $750,000 to $1,000,000*
80% $1,000,001 to $2,500,000*
* LVR/Loan amounts may still be subject to conditions set by
applicable Lenders Mortgage Insurers
Lenders Mortgage Insurance (LMI)
Required on all loans. Premium payable by
the borrower when the LVR is greater than 80%.
Maximum Exposure
No set exposure limit per applicant or associated
entity providing serviceability is evident. Exposure limits may
still be subject to conditions set by applicable Lenders Mortgage
Insurers
Loan Terms
Up to 30 years
Split Facility
One loan with up to 4 loan splits/portions
allowed. Useful for distinguishing between loan purposes and
providing assistance with income tax preparation
Repayments
Principal and Interest or Interest Only for
2, 3, 5 or 10 years
Repayment Options
Repayments can be made by direct debit request,
direct electronic credit or inter-account payment (IAP)
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, 7 days 6.00am – 12 midnight AEDT. ‘Pay
Anyone’ facility available Fixed Rates Available for 2, 3 or
5 years
Direct Debit
Pay your loan by direct debit monthly 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
Redraw
Available as required ($50 min.) accessed over
phone or via the Internet
Pay Anyone
Transfer funds to any other Australian bank
account or to your other loans from your equity access loan account.
Pay Anyone recurring now available.
Principal Reductions
Yes no limit, however ‘manual’ re-amortisation
requests are required
Portability
The security property can be substituted if
required. Note there may be restrictions if loan amount/LVR needs
to be altered
Deluxe Line Of Credit
Minimum split/portion amount: $5,000
Maximum stand alone amounts:
90% $30,000 to $500,000
85% $500,001 to $750,000
Maximum LVR: Up to 90%
Interest rate loading: 0.10%
Additional features:
Can be linked to MasterCard
Chequebook facilities
Third party direct debits
Free Transactions
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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