LoanStar Direct
LoanStar Direct – * No Annual Fee. Home or Investment
Loanstar Direct Home Loans Owner Occupied and Investment Loan.
NO annual fee! with a special below market variable rate for clients dealing with LoanStar Direct.
Use this facility to buy a home or investment property, or to access the equity in a property for property investment purposes.
| Product Details | |
| Current Interest Rate | tba * WARNING: This Comparison Rate applies 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 cost savings such as fee waivers, are not included in the Comparison Rate, but may influence the cost of the loan. Comparison rate schedules are available from the LoanStar office. Fees, terms and conditions are subject to change without notice. |
| Interest (Variable & Fixed) | Calculated daily and charged monthly |
| Fixed Rates | For fixed rates see the Standard Variable or Fixed product. |
| Loan Size | Minimum Loan $30,000 Maximum Loan $1,000,000 (per security) Maximum of 4 Splits. |
| Maximum Borrowings (Loan to Value Ratios) | 90% maximum |
| Loan Period | up to 30 years maximum |
| Repayment Options | Principal and Interest or Interest Only - |
| Mortgage Insurance | Only required and payable where the LVR is greater than 80%. |
| Payment Convenience | Salary can be paid directly into loan account OR Weekly, fortnightly or monthly payments |
| Redraws | Direct Debit card available Standard redraws at no cost via LoanStar Net or LoanStar Call. Funds available 48 hours after redraw request |
| Loan access | Direct Debit card LoanStarNet – Internet Banking LoanStarCall – Telephone Banking |
| LoanStar Fees | Application fee 1.2% (plus GST) of the amount borrowed: (includes one standard residential valuation on property up to $500,000 and one standard set of legals i.e. one security property where loans are over $300,000) Extra Valuation or valuation where loan amount is under $300,000 – $275 (standard residential valuation for property up to $500,000) Extra Legal Costs or legal cost where loan amount is under $300,000 – $455(per security)No ongoing monthly account keeping or annual line fees. Unlimited free phone (LoanStar Call), internet (LoanStar Net) |
| Construction Loan | Yes construction is available on this product. Conditions apply. |