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Professional Package Home Loan - NAB - Choice FlexiPlus Mortgage

NAB
Comparison Rate 7.48%
Amount $200,000
Term 30 years
Monthly Payment Est. $1,363.00
Total Amount Paid Est. $502,530
Establishment Fee $0.00

7.24%

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Target Market
Professional & Investors or Lenders above $150K

Acceptable Income
PAYG SELF EMPLOYED

Home Loan Loan Term
Reviewed Yearly

Home Loan Loan Size
Minimum loan $150K

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Home Loan Repayment Type
Interest calculated daily upon drawdown on outstanding balance

Repayment Options
No repayments until full limit is drawn ,
Interest Capitalisation available - 4 star brokers only

Extra Repayments
Can make unlimited repayments. Early Exit Fee applies if facility cancelled within 4 years of settlement date.

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Split Loan Facility
Available

Offset
Not available

Redraw Facility
Redraw up to full limit


LVR for Professional Package Home Loan - NAB - Choice FlexiPlus Mortgage

Owner Occupier Maximum LVR 90%% ,
Investment Maximum LVR 90%% ,
Construction Maximum LVR 90% ,
Land Maximum LVR 90% ,
Effective 1st May 2009, Broker Star Rating determines Max LVRs applicable for new customers: ,
4 Star Brokers - Max LVR 95% (Flexiplus Max LVR 90%) ,
2 & 3 Star Brokers - Max LVR 90% ,
0 & 1 Star Brokers - Not able to submit new business.

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Fees for Professional Package Home Loan - NAB - Choice FlexiPlus Mortgage

Package Fee $395 pa ,
Split Personal & Investment at no cost ,
Free Transaction Per Month Unlimited ATM, EFTPOS, Cheque, Branch Withdrawal ,
Telephone & Internet Banking ,
Gold Credit Card Fee Free ,
Settlement Fee Nil ($200 if bank staff attend settlement) ,
Valuation Fee N/A ,
Account Keeping Fee N/A ,
Legal Fees N/A ,
Switch Fee Nil (Increase Facility Limit/Acount Limit) ,
Early Exit Fee if loan repaid in full within 4 years $900

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The comparison rate applies only to $200,000 with a loan term of 30 years. The loan amount and term will affect the comparison rate calculation. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparsion rate calculation but may influence the cost of the loan.

This rate is to be used as a guide only and we recommend that you confirm it with the lender before acting upon it.

The information provided in this website is a guide only and may not be complete for your purposes. Ratesonline.com.au is not licensed to provide investment advice and recommends that you consult an independent financial adviser.