Your Way Plus Essential Worker Home Loan

 General Lending Rates

• Lending Rate Type: Variable
• Interest Rate: 5.94%, Comparison Rate 6.49%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

• Lending Rate Type: Variable
• Interest Rate: 6.14%, Comparison Rate 6.94%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

• Lending Rate Type: Variable
• Interest Rate: 6.14%, Comparison Rate 7.18%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

 Product Features

• Redraw Additional Information: Redraw available

• Other Additional Information: Additional repayments available

• Other Additional Information: Ability to split loan

• Other Additional Information: Ability to switch loan

• Other Additional Information: Ability to Top Up

• Digital Banking Additional Information: 24/7 access via internet banking, mobile app, phone banking

• Other Additional Information: Borrow up to 90% of the property value prior to capitalisation of Lenders Mortgage Insurance

• Other Additional Information: Flexible repayments

• Other Additional Information: Discounted Variable rates for life of the loan

• Offset Additional Information: PLUS 100% offset

• Other Additional Information: PLUS establishment, valuation and top up fees waived

• Other Additional Information: PLUS personal loan application fees waived

• Other Additional Information: PLUS 10% off home and contents insurance (Allianz)

• Other Additional Information: PLUS annual fee waived for essential worker first home buyers

 Product Eligibility

• Other Additional Information: You must be a member. Membership is open to current or retired employees of the Australian education sector or family members of members (i.e. shareholders) of the Bank.

• Residency Status - Individuals Must Be Citizens Of Permanent Residents Of Australia..

• Natural Person

• Min Age - 18.

• Other Additional Information: All applications for credit are subject to responsible lending criteria. Fees and charges apply. You can find our Consumer Lending terms and conditions online or from any of our offices.

• Other Additional Information: Borrower must have satisfied Your Way Plus Home Loan Package eligibility.

• Other Additional Information: Individuals must be an Essential Worker. You can find essential workers eligibility criteria on the Product Overview page.

 Bank Fees and Charges

• Mortgage Discharge (Variable), Amount: Not Listed.. Additional Information: For preparation of discharge documentation on your written request. $250 in NSW and at cost in other states. At Cost.

• Additional Security Fee (Event), Amount: 120.00. Additional Information: Fee applies for each additional security taken.

• Arrears Administration Fee (Event), Amount: 10.00. Additional Information: Payable each time staff action a loan account, RediCredit or Credit Card account in arrears.

• Default Notice Fee (Event), Amount: 25.00. Additional Information: Payable when we send you a default notice asking you to remedy a default under your credit contract.

• Paper Statement Fee (Periodic), Amount: 1.55. Additional Information: This fee applies when you have elected to receive a paper statement by post in addition to a statement available to view and download in internet banking. It is in addition to fees for replacement and additional statements. For credit cards, this fee is debited to credit card account on the 7th day of the month after the end of a statement period. For all other accounts, this fee is debited to transaction, savings or loan account in that order on the 15th day of the month after the end of a statement period. Exceptions apply. For more information please refer to our Fees and Charges brochure.

• Legal Fees (Variable), Amount: Not Listed.. Additional Information: For third party professional services used in the preparation of non-standard documents. At Cost.

• Lenders Mortgage Insurance (Variable), Amount: Not Listed.. Additional Information: If you have less than the required deposit, we may ask you to pay Lender's Mortgage Insurance (LMI). LMI protects the bank in cases of default. The LMI premium is not a bank fee. At Cost.

• Registration Fee (Variable), Amount: Not Listed.. Additional Information: A government charge, payable if and when there is a need to register, transfer or discharge an interest on the Certificate of Title. At Cost.

• Title Search (Variable), Amount: Not Listed.. Additional Information: Fee applies for additional title searches that may be required in addition to those already included in the Establishment fee and Top up fee. At Cost.

• Collection Charges (Variable), Amount: Not Listed.. Additional Information: Payable when we request an agent to assist our efforts to address defaults under your contract before we can commence legal action. At Cost.

• Stamp Duty (Variable), Amount: Not Listed.. Additional Information: A government charge payable to State revenue office when we need to stamp your mortgage to accommodate credit provided under this contract at the amount payable under the relevant stamp duty scale. At Cost.

• Package Fee-home Loans (Upfront), Amount: 300.00. Additional Information: Applicable for New loans after 1 August 2019. The package fee for your home loan will be debited from the nominated Everyday Direct account when your home loan is first approved and then on every anniversary thereafter until the end of your home loan.

• Fee For Full Valuation (Variable), Amount: Not Listed.. Additional Information: A Full Valuation is where our external valuer physically attends the property to be mortgaged. The mortgage is our security for the loan. If we require a Full Valuation for more than one property, the Fee for Full Valuation is payable for each property offered as security for the loan. At Cost (Maximum $400) per security property.

• Loan Administration Fee (Upfront), Amount: 250.00. Additional Information: Payable for the processing and assessing of your home loan application and the preparation of your loan. Payable at the time of settlement/funding of your loan.

• Loan Variation Fee (Event), Amount: 200.00. Additional Information: Payable when you apply to vary the terms of your loan. Payable when the variation is agreed between us.

 Limitations & Restrictions (Constraints)

• Min Limit of 150000.00 Additional Information: Minimum loan amount is $150,000.