Homeside Current offers

Wed, 2008-04-02 23:06 — Guest

Homeside current offers Wednesday 2nd April 2008 Homeside Lending, a division of National Australia Bank NAB

  • HomePlus – compelling ‘pro-pack’ solution for loans of $250k or more
  • Offset Home Loan – cost effective solution for loans less than $250k
  • Peak Performance Equity Mortgage – Line of Credit facility that can be packaged with other Homeside loans.

Homeside HomePlus compelling 'pro-pack' solution for loans of $250k or more

  • All new approved Homeside home loan customers are qualified for the option of a NAB credit card (subject to eligibility criteria)
  • Annual card fee waived for the life of the HomePlus loan
  • 0% p.a. on balance transfers for up to 6 months (on request)
  • For new HomePlus lending, the HomePlus aggregated discount policy is applied to the variable loan(s) where the aggregated HomePlus lending is for $250k or more
  • Loan service fee charged monthly ($10 per month)
  • No base application fee on loans of $300k or more (NSW, VIC, QLD, WA, ACT) and loans of $200k or more (SA, NT, TAS)
  • Low Doc facility available at standard rates (Low Doc application fee applies)
  • Can be linked to a 100% mortgage offset account
  • 'Interest Only' available for the first 5 years, or as 'principal and interest' from drawdown

    • Conditions apply. Talk to your Ability Finance brokers to find out more. -------------------------------------------------------------------------------- Offset Home Loan a cost effective solution for loans less than $250k

  • All new approved Homeside home loan customers are qualified for the option of a NAB credit card (subject to eligibility criteria)
  • Annual card fee waived for the first 12 months
  • 0% p.a. on balance transfers for up to 6 months (on request)
  • Principal and interest loan linked to an everyday transaction account in a 100% interest offsetting arrangement, no minimum balance requirements on the Deposit Offset transaction account
  • Available on Low Doc loans at the same rate (Low Doc application fee applies)
  • Minimum loan amount is $50k
  • Competitive monthly service fee of $8
  • Unlimited free transactions within Australia (non-NAB ATM fees apply)
  • Everyday transaction account can be used for all banking purposes
  • Redraw facility with home loan at no extra charge
  • Offset Home Loan can be packaged with other Homeside Lending products

    • Important The Offset Home Loan is only available through brokers who hold a current Australian Financial Services Licence or who are members of an Eligible External Dispute Resolution Scheme. Ability Finance Brokers are members of an Eligible External Dispute Resolution Scheme. Conditions apply. Talk to Ability Finance brokers to find out more. Peak Performance Equity Mortgage a line of credit facility that can be packaged with other Homeside loans An offer for new and existing clients New clients $250,000+ Scenario A new Homeside client’s new loan package includes a Peak Performance Equity Mortgage, and their total borrowings are $250,000 or more. Discount* 0.73% p.a. New clients $150,000 - $249,999 Scenario A new Homeside client’s new loan package includes a Peak Performance Equity Mortgage, and their total borrowing are between $150,000 and $249,999. Discount* 0.20% p.a. Existing clients Top-up $100,000 (Total = $250,000+) Scenario An existing Homeside client increases their Peak Performance Equity Mortgage by $100,000 or more, and their total borrowings are $250,000 or more. Discount* 0.73% p.a. Top-up $100,000 (Total = $150,000-$249,999) Scenario An existing Homeside client increases their Peak Performance Equity Mortgage by $100,000 or more, and their total borrowings are between $150,000 and $249,999. Discount* 0.20% p.a. Available on Low Doc loans This offer includes Low Doc loans (a $300 Low Doc application fee applies), and all Peak Performance products – including Bridging Finance. It does not include BICOE (BICOE refers to accounts utilised for construction/renovation), which is no longer available on Peak Performance. Features and benefits

    • Flexibility to have splits, varying limits at no cost
    • Ability to capitalise interest
    • Pays interest on credit balances
    • Automatic sweeping facility for credit card
    • ATM, internet and telephone banking available
    • Unlimited free transactions (non-NAB ATM fees apply)
    • Competitive $70 half-yearly service fee
    • Base application fee waivers for loans of $300K or more (NSW, ACT, VIC, QLD, WA) and $200K or more (SA, TAS, NT)
    • Interest is only charged on the funds used (calculated daily and charged monthly)
    • No minimum monthly payment required within facility limit
    • Minimum loan amount is $50,000.
    • Interest rate discounts are not available for loan increases on Peak Performance Equity Mortgage facilities with limits less than $100,000.
        Conditions apply.