NO FRILLS INVEST LOAN

NO FRILLS INVEST LOAN
Category: Home Loans  Last Updated January 23, 2024  Effective November 1, 2024

 General Lending Rates

Rates listed below are for a VARIABLE INVESTMENT P&I product. Additional Information Comparison rate based on $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Interest Rate
6.99% PA
Comparison Rate
3.22%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.

 Product Features

  • Redraw Additional Information: Redraw of repaid principal above minimum required is available
  • Offset Additional Information: An offset account can be connected to the product
  • Digital Banking Additional Information: Access is available to online banking features for the product
  • Npp Enabled Additional Information: An account of this product type can be used to receive funds as a result of a BSB/Number based NPP payment
  • Npp Payid Additional Information: An account of this product type can be used as the target of an NPP PayID
  • Notifications Additional Information: SMS and/or email notifications available

 Product Eligibility

  • Residency Status Additional Information: Individuals must be citizens or permanent residents of Australia.
  • Other Additional Information: You will need to become a member of the Credit Union before The Capricornian can accept a loan application.

 Bank Fees and Charges

  • Staff Assisted Loan Redraw (Withdrawal), Amount: 30.00.
  • Arrears Reminder Call Fee (Event), Amount: 5.00.
  • Arrears 2nd And Subsequent Reminder Letter (Event), Amount: 20.00.
  • Arrears Default Notice Fee (Event), Amount: 40.00.
  • Contract Variation Fee-mortgage Secured Loans And Overdrafts (Event), Amount: 300.00.
  • Mortgage Application Fee-equal To Or Less Than 80% (Upfront), Amount: 500.00. Additional Information: Includes one valuation up to the cost of $300 - Excludes additional valuation costs and solicitors costs to prepare mortgage documents and settlement fees.
  • Mortgage Application Fee-greater Than 80% (Upfront), Amount: 600.00. Additional Information: Includes one valuation up to the cost of $300 - Excludes additional valuation costs and solicitors costs to prepare mortgage documents and settlement fees.
  • Mortgage Application Fee Further Advance-equal To Or Less Than 80% (Upfront), Amount: 400.00. Additional Information: Includes one valuation up to the cost of $300 - Excludes additional valuation costs and solicitors costs to prepare mortgage documents and settlement fees.
  • Mortgage Application Fee Further Advance-greater Than 80% (Upfront), Amount: 600.00. Additional Information: Includes one valuation up to the cost of $300 - Excludes additional valuation costs and solicitors costs to prepare mortgage documents and settlement fees.
  • Mortgage Discharge Fee-settlement (Event), Amount: 150.00. Additional Information: This fee is payable in addition to solicitors fees, registration, searches and other third party fees that may apply.
  • Mortgage Discharge Fee-non Settlement (Event), Amount: 100.00. Additional Information: This fee is payable in addition to solicitors fees, registration, searches and other third party fees that may apply.
  • Insurance Renewal Fee (Event), Amount: 20.00.
  • Fixed Rate Lock (Event), Amount: 395.00. Additional Information: Fee is greater than 0.15% of the amount of credit or $395 where funding is more than 60 days from the date of the Offer and Loan Contract
  • Fixed Rate Break (Event), Amount: 0.00. Additional Information: Contact The Capricornian Ltd