Royal Standard Loan
The Royal Standard Loan is a fully
featured variable or fixed rate home loan to assist with the purchase or
refinance of owner-occupied or investment residential property. It is
designed for customers who are seeking full flexibility and features in
their loan.
It is ideal for customers who may be uncertain of
their future and want the peace of mind of knowing that their home loan is
flexible enough to accommodate their changing circumstances. Repayments
can be tailored to suit individual needs.
|
Purpose |
Purchase or Refinance
residential property.
Includes the non-structural renovations of
new and existing properties. |
|
Loan
Type |
Owner Occupied, First
Home purchase, Investment property. |
|
Minimum
Loan |
$50,000 |
|
Maximum
Loan |
No set
amount. |
|
Maximum
LVR |
95% on standard
residential property- |
|
Ongoing
Account keeping fee |
No monthly or annual
service fees apply |
|
Term |
minimum 12
months.
maximum 30 years. |
|
Redraw
Facility |
Redraw available for
Variable rate loans at no cost.
Amounts via debit card and direct
debit at a fee $1.50 per transaction. |
|
Lump
Sums |
For Variable Rate loan it
is available at any time. For fixed rate loans the maximum
additional repayments are up to $10,000 in a 12 months period
without penalty. Prepayments that exceed this tolerance may incur an
early repayment cost. |
|
Interest
Only Option |
1 to 10
years. |
|
Fixed Rate
Option |
1, 2, 3, 4, 5, 7, or 10
years (At
the end of the fixed rate term the loan will automatically roll over
to the variable rate unless another fixed rate term is
elected). |
|
Split Loan
Option |
Customers can split loans
with the option of 2 variable rate loan and up to 2 fixed rate
loans. |
|
Repayments |
|
• |
Principle & Interest can be made
monthly, fortnightly or weekly |
| • |
Interest only is paid monthly on
anniversary day of drawdown | |
|
Features |
|
• |
Direct Salary Crediting. |
| • |
Debit Card. |
| • |
Phone Banking. |
| • |
Internet Banking. |
| • |
Portability provides for the loan to be
transferred from one property to
another. | |
Fees and charges
are payable on all mortgages
Details of Terms and Conditions are
available on application.
