Sydney Mutual Bank
Sydney Mutual Bank

Mortgage Secured Overdraft

Variable Rate
4.10% p.a.
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Key Features
Loan Type
HomeEquity
Min Loan
Max Loan
$10,000.00
$50,000.00
Application Fee
$250.00
Borrow upto
of property value
70%
Ongoing fee
$0.00
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 0
Max Loan to Value Ration (LVR) 70%
Max LVR with Mortgage Insurance 70%
Min Loan Amount $10,000.00
Max Loan Amount $50,000.00
Interest Rate Notes

Features

Extra Repayments
Loan is Transferable (Portable)
Transfer Fee $0.00
Mortgage Offset Available
Mortgage Offset 100%
Mortgage Offset Rate 0%
Redraw Available
Min Redraw Amount $0.00
Max Redraw Amount $0.00
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 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 $180.00
Early Termination Fee n/a

Break Costs


General Fee Notes:

Documentation Fee applies to all approved loans and is Payable on Funding. Legal fees includes mortgage preparation (includes search, settlement and lodgement. Additional fees apply when more than one property is used as security), relating to mortgage approval and preparation are payable on funding. These are priced at cost. Please contact Sydney Mutual Bank for costs associated with your situation.

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.