Geelong Bank
Geelong Bank

Relocation Home Loan - Building or buying your dream home, then the relocation loan will allow you to achieve this without the need to sell your existing home first.

Variable Rate
5.11% p.a.
Comparison Rate*
5.13% p.a.
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  • Building or buying your dream home? The relocation loan is a bridging facility that will allow you to achieve this without the need to sell your existing home first. Interest is capitalised for up to 6 months for purchases and up to 12 months for constructions.

Key Features
Loan Type
Variable
Min Loan
Max Loan
$30,000.00
$800,000.00
Application Fee
$250.00
Borrow upto
of property value
80%
Ongoing fee
$0.00
Redraw Facility
Offset Account

Loan Details

Loan Type Variable
Security Type ResidentialProperty
Availability
Repayment Options Interest Only
Repayment Frequency Weekly, Fortnightly, Monthly
Min Loan Term 1
Max Loan Term 30
Max Loan to Value Ration (LVR) 80%
Max LVR with Mortgage Insurance 80%
Min Loan Amount $30,000.00
Max Loan Amount $800,000.00
Interest Rate Notes

Features

Extra Repayments
Loan is Transferable (Portable)
Transfer Fee $350.00
Mortgage Offset Available
Mortgage Offset 100%
Mortgage Offset Rate -%
Redraw Available
Min Redraw Amount $100.00
Max Redraw Amount -
Redraw Fee -
Redraw Notice Period Same business day
Redraw Method Internet
Redraw Notes & Comments

Split Account

Split Available
Max No. of Accounts for Split 2
Separate Statements for Split
Statement Frequency
Fixed Option
Fee for Fixing n/a

Fees

Application Fee $250.00
Legal Fee $0.00
Valuation Fee $0.00
Settlement Fee $0.00
Service Fee $0.00
Exit Fee $0.00
Early Termination Fee

Break Costs


General Fee Notes:

Legal and valuation fees are at cost to the member.

General Notes:

Building or buying your dream home? The relocation loan is a bridging facility that will allow you to achieve this without the need to sell your existing home first. Interest is capitalised for up to 6 months for purchases and up to 12 months for constructions.

*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.