Rate Blitz - Your choices to access a cheaper home loan
Rate Blitz Loan options and benefits are detailed below.
Rate Blitz Loan options and benefits are detailed below.
| Features and Benefits | RateBlitz Lowest Rate |
FeeBlitz Lowest Fees |
RateBlitz and FeeBlitz are based on a loan amount of 250K over a 25 year term |
A full Transaction account including ATM access to funds Australia Wide. Application Fee is charged. LOWEST RATE |
A full Transaction account including ATM access to funds Australia Wide. NO APPLICATION FEE |
| Interest Rate: | 8.02% |
8.27% |
| Comparison Rate | 8.13% |
8.29% |
| Application Fee | 0.77% of loan amount (inc.GST) |
NO APPLICATION FEE |
| Document Preparation Fee | $405 |
$405 |
| Valuation Fee | $330 |
$330 |
| Title Insurance Fee | No Charge |
No Charge |
| Settlement Fee | No Charge |
No Charge |
| Annual Fee | No Charge |
No Charge |
| Monthly Service Fee | No Charge |
No Charge |
| Redraw Fee | No Charge |
No Charge |
| Minimum Redraw | $20 |
$20 |
| Split Loan Account Option No split loan fee if option taken at original setup of loan. |
Yes |
Yes |
| Offset Account | Yes |
Yes |
| Eftpos | Yes |
Yes |
| ATM Access | Yes |
Yes |
| Fixed Rate Available | Yes for 1 to 5 years |
Yes for 1 to 5 years |
| Fee to Fix | No Charge |
No Charge |
| Additional Repayments Allowed | Yes |
Yes |
| by Deposit Book | Yes to Offset Account |
Yes to Offset Account |
| by Direct Credit | Yes |
Yes |
| Biller Payment | Yes |
Yes |
| Repayment by Bpay | No |
No |
| Telephone Banking | Yes |
Yes |
| Direct Debit | Yes |
Yes |
| Salary Crediting | Yes |
Yes |
| Owner Occupier | Yes |
Yes |
| Construction Loan | Yes |
Yes |
| Investment Loan | Yes |
Yes |
| Interest Only Available | Yes |
Yes |
| Term of Loan | 10, 15, 20, 25, or 30 Years |
10, 15, 20, 25, or 30 Years |
| Loan Amount | Minimum $50,000 up to $2,500,000 |
Minimum $80,000 up to $2,500,000 |
| LVR | Up to 95% |
Up to 95% |
| Lenders Mortgage Insurance | Mandatory for all loans with lender paying premium up to 80% LVR |
Mandatory for all loans with lender paying premium up to 80% LVR |
| Security | 1st registered mortgage over residential property |
1st registered mortgage over residential property |
| Vacant Land as Security | Yes |
Yes |
| Repayment Frequency Options | ||
| Weekly | Yes, monthly amount divided by 4 |
Yes, monthly amount divided by 4 |
| Fortnightly | Yes, monthly amount divided by 2 |
Yes, monthly amount divided by 2 |
Twice Monthly |
No |
No |
| Monthly | Yes |
Yes |
| Early Repayment Fee | Yes, for first 5 years |
Yes, for first 5 years |
| Security Substitution Allowed | Yes, must be simultaneous |
Yes, must be simultaneous |
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Internet access to enable you to manage your account.
This section refers to the functions available for both loan types listed above.
| Internet Access | Yes |
| Internet Redraw | Yes, with 24 hour processing |
| Pay Anyone | Yes, must be pre-nominated |
| Maximum Redraw via Internet | $5,000 / day |
| Online Statement | Transaction List only. Statements can be ordered |
| Biller Payment | Yes |
| Change frequency or amount of loan repayments | No |
| Draw additional payments from nominated outside bank account | No |
| Change Direct Debit Details | No |
| Change Personal Details | No |
| Reset Pin Number | Yes |
| Confirm Repayment Details | No |
* The Comparison Rate is calculated on a loan amount of $250,000 over a term of 25 years.
Fast No Obligation RateBlitz and FeeBlitz Enquiry Form
*Australian-Finance
A division of Adelaide Finance Agency Pty Ltd