Bank First
Bank First

Equity Line of Credit - Owner Occupied

Variable Rate
4.39% p.a.
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Key Features
Loan Type
HomeEquity
Min Loan
Max Loan
$10,000.00
$10,000,000.00
Application Fee
$700.00
Borrow upto
of property value
95%
Ongoing fee
$300.00 Yearly
Redraw Facility
Offset Account

Loan Details

Loan Type HomeEquity
Security Type ResidentialProperty
Availability Owner Occupiers
Repayment Options Interest Only
Repayment Frequency Weekly, Fortnightly, Monthly
Min Loan Term 0
Max Loan Term 30
Max Loan to Value Ration (LVR) 80%
Max LVR with Mortgage Insurance 95%
Min Loan Amount $10,000.00
Max Loan Amount $10,000,000.00
Interest Rate Notes
- No repayments are required, however if at any time the unpaid balance of the account exceeds the credit limit, you must immediately repay such amount as is necessary to reduce the unpaid balance to the credit limit. It is recommended that you make principal and interest repayments to reduce your loan balance.

Features

Extra Repayments
Loan is Transferable (Portable)
Transfer Fee $600.00
Mortgage Offset Available
Mortgage Offset 100%
Mortgage Offset Rate 0%
Redraw Available
Min Redraw Amount $0.00
Max Redraw Amount -
Redraw Fee $0.00
Redraw Notice Period
Redraw Method
Redraw Notes & Comments

Split Account

Split Available
Max No. of Accounts for Split n/a
Separate Statements for Split
Statement Frequency
Fixed Option
Fee for Fixing $0.00

Fees

Application Fee $700.00
Legal Fee $0.00
Valuation Fee $0.00
Settlement Fee $0.00
Service Fee $300.00
Exit Fee $395.00
Early Termination Fee No early repayment penalty.

Break Costs


General Fee Notes:

Arrears administration fee payable if loan is 7 days in arrears. Application fee = $300 Establishment fee and $400 Security fee.

General Notes:

*The comparison rates in this table are based on a secured loan amount of $150,000 and a term of 25 years. WARNING: These comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and costs savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates are not calculated for revolving credit products.