Home Guarantee Scheme

 General Lending Rates

 Product Features

• Offset Additional Information: A Mortgage Offset Account can be linked to your Home Loan. The money you put in your linked Mortgage Offset Account reduces the balance on which the interest is charged on your home loan.

• Redraw Additional Information: Your loan comes with a repayment redraw facility. This gives you access to additional repayments if you?re at least one full repayment ahead, you can redraw $100 or more. It?s simple to redraw using our App or Online Banking.

• Npp Payid Additional Information: Get faster payments between participating banks, anytime with Pay ID

• Npp Enabled

• Other Additional Information: 30 years

• Other Additional Information: You can increase your loan amount throughout the life of the loan, subject to equity held in your property and our approval.

• Other Additional Information: Switching is a change to one or more aspects of your loan's terms and conditions, for example switching from a variable rate to a fixed rate or switching from Interest Only to Principal and Interest repayments.

• Other Additional Information: Splitting is when you divide one loan into two or more loan accounts, generally with different loan types, repayment types or interest rates.

• Other Additional Information: Flexible repayment options weekly, fortnightly or monthly

• Other Additional Information: You can make extra repayments or repay your loan in full at any time. Extra repayments may enable you to redraw funds, subject to conditions

• Other Additional Information: Valuation fee waived up to $1,000.

• Other Additional Information: No establishment fee is charged.

• Digital Banking Additional Information: 24/7 access via internet banking and mobile app

 Product Eligibility

• Natural Person

• Min Age - 18. Additional Information: Individuals must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older

• Employment Status - Employed.

• Residency Status - Permanent Resident. Additional Information: You must be an Australian citizen or permanent resident to apply

• Other Additional Information: Applications for credit are subject to the Bank?s eligibility and suitability criteria and normal credit approval process.

• Other Additional Information: 95% if approved under the First Home Guarantee or Regional FHB Guarantee, or 98% under Family Home Guarantee

• Other Additional Information: As per Home Guarantee Scheme (HGS) property caps

• Other Additional Information: Purchase or refinance for First Home Buyer Owner Occupiers only

• Other Additional Information: This loan is used in conjunction with the Australian Government's Home Guarantee Scheem (HGS). Housing Australia provides a guarantee that will allow eligible first home buyers (and other eligible borrowers) to purchase a home with a deposit of as little as 2%, without needing to pay for Lenders Mortgage Insurance (LMI) or rely on a guarantor.

 Bank Fees and Charges

• Loan Switch Fee (Event), Amount: 200.00. Additional Information: A fee charged to switch your loan account from one type to another

• Valuation Fee (Variable), Amount: 0.00. Additional Information: A fee charged to cover the cost of obtaining a valuation report on your property or the property being purchased

• Title Search Fee (Event), Amount: 20.00. Additional Information: A third party cost for a Title Search to determine any interests in a property

• Registration Fees (Variable), Amount: 0.00. Additional Information: A third party cost for registration of mortgage

• Stamp Duty (mortgage) (Variable), Amount: 0.00. Additional Information: The tax charged on written documents and certain transactions imposed by the state government.

• Pexa Service Fee (Upfront), Amount: 57.20. Additional Information: A fee charged to cover third party costs associated with the establishment of your mortgage

• Lenders Mortgage Insurance (Variable), Amount: 0.00. Additional Information: Third party cost for insurance that protects the lender in the event that the borrower defaults on their home or investment loan

• Mortgage Administration Fee (Event), Amount: 150.00. Additional Information: A fee charged if we are asked by you or your legal representative to make any of our loan documents available to you during the life of the loan

• Consent Fee (Event), Amount: 300.00. Additional Information: A fee charged for consent to a subsequent mortgage in favour of an another lender where we hold the prior mortgage

• Mortgage Discharge Fee (Exit), Amount: 300.00. Additional Information: A fee charged if you repay your loan and request us to discharge your mortgage, includes our costs and is in addition to any costs incurred by us from external parties

• Mortgage Discharge - Registration Fee (Exit), Amount: 146.40. Additional Information: A fee charged to cover third party costs associated with the discharge of your mortgage

• Mortgage Discharge - Pexa Service Fee (Exit), Amount: 42.24. Additional Information: A fee charged to cover third party costs associated with the discharge of your mortgage

• Variation Of Security (Event), Amount: 200.00. Additional Information: A fee charged for the variation of security or other loan details, requiring us to issue new documents or re-assess your loan in any way

• Late Payment Fee (Event), Amount: 15.00. Additional Information: A fee charged when you don't make your minimum monthly payment, plus any overdue amount

• Default Notice Fee (Event), Amount: 50.00. Additional Information: A fee charged if you default on your repayments and we issue a default notice

• Consent To Subdivide (Event), Amount: 250.00. Additional Information: A fee charged when the borrower seeks the bank's consent to subdivide a property.

• Security Guarantor Fee (Upfront), Amount: 200.00. Additional Information: Payable if a guarantor is listed on the loan schdule.

• Loan Establishment Fee - Mortgage Loan (top Up) (Upfront), Amount: 200.00. Additional Information: A fee charged to vary the value of an existing home loan

 Limitations & Restrictions (Constraints)

• Opening Balance of 0.00

• Max Balance of Additional Information: Maximum purchase prices (property price caps) are applicable for eligible properties purchased under the Home Guarantee Scheme in capital cities, large regional centres and regional areas.