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Standard Variable

Description	Variable Rate Line of Credit loan account with cheque book, direct debit and direct credit facilities.
Target Clients	Clients that are self-employed or full-time investors, for at least the last two years and are unable to provide extensive financial statements or taxation returns
Loan Features	Basic variable or fixed rate loan with direct credit and debit facilities No supporting documentation required for self-employed applicant/s Stated income and A&L statement required Co-borrowers may be PAYG and provide evidence of income
Loan Purpose	Loans considered for purchase, refinance or consolidation Investment or owner-occupied residential security property Loans can be regulated or non-regulated by UCCC
Loan Term	Upto 30 years
Loan Size	$30,000 - $800,000 A minimum of 85% of approved loan amount must be drawn down at settlement
Loan to Value Ratio	80% for loans up to $800,000 – metro areas of NSW, Vic and Qld 80% for loans up to $750,000 – metro areas of ACT 80% for loans up to $600,000 – Australia Wide There is an option for the Lender to pay LMI for loans up to $800,000.
Interest Rate Options	Variable or fixed rates (up to 5 years) available
Repayment Options	Principal and Interest Interest-Only I/O for 10 years then amortisation program commences
Repayment Methods	Direct debit from bank account BPay Direct Salary and Other Income Credits
Repayment Frequency	Weekly, fortnightly, twice monthly or monthly Day and date can be nominated
Additional Repayments	Can be made at any time using the above methods – except when fixed
Redraw	No minimum redraw amount Funds paid into bank account Optional direct debit Credit card sweep Access via Internet and phone Banking
Loan Account Fees	No monthly account maintenance or ongoing fees No withdrawal/redraw fees 6 free non-standard transactions p/m No portability or top up fees No Internet or telephone banking fees Fixed rate break costs
Program conversion or rate reduction	The Lender will consider a reduction of the interest rate when all borrowers provide current financial information and tax returns that comply with the Lender’s lending criteria. Loans greater than two years old, that have an unblemished repayment history, will have their interest rate reduced by 0.20%.