ADVANTAGE FINANCE (SA) – POWER PACK RENOVATING LOAN

• All the features you expect in a Pro-pack loan with Direct Salary Crediting into the loan account, Pay Anyone option, Line of Credit Facility, Internet and Phone banking
• Loan amounts to $2.5M
• Available to company borrowers and trusts
• Ongoing low rate (Not a honeymoon or start rate)

LVR/Loan Amount
90% $650,001 – $750,000*
85% $750,000 to $1,000,000*
80% $1,000,001 to $2,500,000*

* LVR/Loan amounts may still be subject to conditions set by applicable Lenders Mortgage Insurers

Lenders Mortgage Insurance (LMI)
Required on all loans. Premium payable by the borrower when the LVR is greater than 80%.

Maximum Exposure
No set exposure limit per applicant or associated entity providing serviceability is evident. Exposure limits may still be subject to conditions set by applicable Lenders Mortgage Insurers

Loan Terms
Up to 30 years

Split Facility
One loan with up to 4 loan splits/portions allowed. Useful for distinguishing between loan purposes and providing assistance with income tax preparation

Repayments
Principal and Interest or Interest Only for 2, 3, 5 or 10 years

Repayment Options
Repayments can be made by direct debit request, direct electronic credit or inter-account payment (IAP)

Frequency
Instalments can be made weekly, fortnightly or monthly. Extra payments on variable rate loans can be made at any time

Telephone & Internet Access
Yes, 7 days 6.00am – 12 midnight AEDT. ‘Pay Anyone’ facility available Fixed Rates Available for 2, 3 or 5 years

Direct Debit
Pay your loan by direct debit monthly fortnightly or weekly

Direct Credits
Have your salary or rental income directly paid into your loan account and use your redraw facility over the phone or via the internet to access your money when needed

Redraw
Available as required ($50 min.) accessed over phone or via the Internet

Pay Anyone
Transfer funds to any other Australian bank account or to your other loans from your equity access loan account. Pay Anyone recurring now available.

Principal Reductions
Yes no limit, however ‘manual’ re-amortisation requests are required

Portability
The security property can be substituted if required. Note there may be restrictions if loan amount/LVR needs to be altered

Deluxe Line Of Credit

Minimum split/portion amount: $5,000
Maximum stand alone amounts:
90% $30,000 to $500,000
85% $500,001 to $750,000
Maximum LVR: Up to 90%
Interest rate loading: 0.10%
Additional features:
Can be linked to MasterCard
Chequebook facilities
Third party direct debits
Free Transactions

Need more information or explanation?
Contact one of our friendly loan consultants and we will gladly assist you – 08 8351 5444