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Advest Sure Start Loan
and
Advest Start-Up Loan

Standard Loan

Product Guide

This loan is ideal for customers who prefer easy once-a-month repayments. It has the benefits of no monthly fees, internet and telephone banking and low, variable interest for the life of the loan. Borrowers also have the option of interest-only payments, if they wish. Additional repayments can be made at any time so you pay off your loan sooner.

Purpose
For the purchase of an owner-occupied or investment property, refinancing, or any other worthwhile purpose.

Minimum Loan Amount $50,000.00

Maximum Loan Amount $2,000,000.00 (subject to mortgage insurers)

Loan To Value Ratio up to 95% for both owner occupied and investment properties
up to 95% for investment property – maximum loan $650K

Term 30 years

Interest Only Option up to 5 years

Fixed Interest Option can be fixed at any time at no extra cost for 1, 3, or 5 yrs – please note that the amount per month remaining after the term period will be repaid than the standard P&I loan because the total principle originally borrowed is still left to be paid.

Multiple Accounts can be split into two separate accounts for effective tax planning.

Repayment Options Repayments are monthly via the following options:
• direct deposit salary crediting
• direct debit
• repayment sweep

Additional Payments Payments to reduce the principle can also be made via:
• Deposit card at any Post Office
• Direct credits from other Banks, Building Societies or Credit Unions
• BPay from other Banks, Building Societies or Credit Unions
• Payments will not be received that will take the balance into credit
• Break cost fees may apply to fixed rate accounts.

Lenders Mortgage Insurance Paid by Funder where LVR is up to 80% for loan amounts up to $2m

Access to Funds Any available balance can be access through a funds transfer to nominated account using phone or internet banking.

Fees: Please refer to our Fees and Charges

 


Interest Rate 6.95%

Comparison Rate 6.97% pa#

based upon a $300,000

mortgage over 30 years

Comparison Rate Schedule




Key Features

• Monthly or fortnightly   repayments
• Free deposit card
• Internet / Phone Banking
• No account keeping fees
• Redraw facility
• Additional payments free
• Direct debit
• Salary crediting
• Bpay
• Lo Doc Option
• Up to two loan splits


Phone us on:

1300 851 353

or

request a consultant

Important notice: # Comparison rate is calculated based on a loan of $300,000 over 30 years based on monthly repayments. 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 costs savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. A Comparison Rate Schedule is available.

This information has been prepared without taking into account the objectives, financial situation or needs of any particular individual. For this reason any individual should, before acting on this information, seek appropriate professional, financial and taxation advice. Applications for any Advest Loan is subject to Advest’s normal loan approval process. Full terms and conditions will be included in any loan offer. Fees and charges are payable.

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