Variable Rate Home Loan - Adelaide Bank - SmartFit Home Loan

Comparison Rate	6.85%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,295.87
Total Amount Paid Est.	$470,755
Establishment Fee	$595.00

6.74%

Target Market
The SmartSuite Home Loan is designed to provide a streamlined approach to home lending that will appeal to a broad range of customers. It is simple to understand, easy to sell and provides value to you and your clients. ,
SmartSuite offers a fully featured home loan with all the benefits of a 100% offset account, which allows the customers to see at a glance their offset balance and loan balance on their statement. 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. SmartSuite also offers the option of a 3 or 5 year fixed rate or competitive variable interest rate. It is attractive to a range of customers from first home buyers through to astute investors. ,
With the SmartSuite Home Loan, funds in the offset balance can be accessed through ATM's, Online Banking, Express Line and other standard means.

Acceptable Income
Self Employed or PAYG (as per lending guidelines).

Home Loan Loan Term
Minimum 5 years
Maximum 30 years

Home Loan Loan Size
Minimum loan amount $10K ,
Maximum loan amount $5M (subject to LMI)

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Home Loan Repayment Type
Principal and Interest or Interest Only ,
Interest Only for up to 10 years ,
Variable rate with 100% offset

Repayment Options
Weekly, fortnightly or monthly repayments, (principal and interest) ,
Monthly repayments (interest only)

Extra Repayments
Variable rate - Extra repayments may be made at any time without penalty ,
Fixed rate - Up to $20K per annum above normal repayments may be made without penalty ,
Funds can be easily transferred from the offset balance to the loan portion via Online Banking or phone banking ,
There is no maximum deposit to offset however no benefit or innterest will be received on any offset balance that exceeds the outstanding loan balance.

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Split Loan Facility
Split your loan into fixed or variable portions. ,
An additional $100 Application Fee applies per split.

Offset
Yes, 100% offset on both fixed and variable rates

Redraw Facility
Free online/phone banking redraws. Manual redraw requests - $50. ,
Minimum redraw amount $500.

LVR for Variable Rate Home Loan - Adelaide Bank - SmartFit Home Loan

Owner Occupier Maximum LVR 95% plus capitalised LMI ,
Investment Maximum LVR 90% plus capitalised LMI ,
Refinancing Maximum LVR 90% plus capitalised LMI ,
Construction Maximum LVR N/A ,
Vacant Land Maximum LVR N/A ,
Interest Only Maximum LVR 90%

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Fees for Variable Rate Home Loan - Adelaide Bank - SmartFit Home Loan

Application Fee $595 (Go Between incurs an additional $200) ,
Settlement Fee $100 (Fee displayed as Mortgage Preparation) ,
Funds Disbursement Fee: $15 ,
Note: Additional fees are payable if you have more than one security property, require the support of a guarantor or are taking a Go-Between bridging finance option ,
Monthly Administration Fee: $10 per month ,
Split Loan Fee $100 ,
Credit increases available. $175 Credit Increase Fee and $150 Security Handling Fee applies. ,
Note: Minimum credit increase amount $10K. Not available during fixed rate periods. ,
Redraw Fee: Electronic Redraw Fee - Free ,
Manual Redraw Fee - $50 ,
Deferred Establishment Fee: ,
0 - 12 months 0.70% of loan amount as at contract date ,
13 - 24 months 0.53% of loan amount as at contract date ,
25 - 36 months 0.35% of loan amount as at contract date ,
37 - 48 months 0.18% of loan amount as at contract date ,
Discharge Admin Fee: $325 ,
Break Costs Fees may be payable in certain circumstances, Refer to lender for futher details. ,
Transaction fees: ,
The account is entitled to a monthly allocation of $10 on the transaction fees detailed below. Note: The balance of any unused allocation will not carry forward to the next month. ,
Free: ,
- Express Line and Adelaide Bank Online transfers ,
- Direct Debit ,
- Cheque deposit items (other than cheques deposited at Bank@Post) ,
- Bpay payments ,
$2.00 for each transaction detailed below: ,
- EFTOPS facility transactions ,
- Bank@Post withdrawals ,
- Branch withdrawals and transfers