Homeloans MoniPower
The Homeloans MoniPower is a fully featured home loan with the choice of an attractive ongoing variable rate or an everyday low fixed rate. The Homeloans MoniPower also allows owner occupiers to borrow up to 95% of the purchase price, making it a great option for first home buyers*.
This home loan can also be a good bridging finance option. Buy your new home before you sell your current home and make no repayments for the first six months. Features include 100% offset, no ongoing fees, free redraw through phone or internet banking.
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| 5 - 30 years |
- Purchase
- Refinance (up to 90% LVR)
- Debt consolidation (up to 90% LVR)
- Construction
- Vacant land (up to 90% LVR)
- Bridging finance (up to 85% LVR)
- Business purposes+ (up to 90% LVR)
|
- Individuals
- Companies/ trusts (up to 90% LVR)
- Non-residents^ (up to 80% LVR)
|
|
Borrow up to 95% of the purchase price (owner occupiers only, including construction loans)
Borrow up to 90% of the purchase price
Borrow up to 85% of the purchase price (bridging finance) |
- Variable
- Fixed
- Principal & interest
- Interest only (up to 90% LVR)
|
- Weekly
- Fortnightly
- Monthly
|
- Salary credit
- Direct credit
- Bank@Post
- Direct debit
- BPAY
|
| Yes, package with Homeloans Monipower Line of Credit |
| Yes. 1 - 5 year fixed rates available. |
| Yes, available via phone and internet banking |
| Yes |
| Yes |
| Yes# |
| Yes |
| Yes |
| No |
*Owner occupied purchases only. Terms, conditions and lending criteria apply.
+Up to 20% of loan amount. Excluding working capital and the repayment of personal or business tax liabilities.
^Additional lending criteria apply
#Unlimited during variable rate period. To a maximum of $20,000 per annum during fixed rate period.
All applications are subject to normal lending criteria, fees and charges may apply
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