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Aussie Classic Plus Fixed
Posted July 22nd, 2010
and last modified January 31st, 2012As interest rates continue to fluctuate it is important to be able to take advantage of low interest rate period. So if you’re looking for standard variable home loan, with a range of flexible features accessed at no extra cost, this might be the loan you are looking for.
The Aussie Classic Plus has many flexible features to ensure that you can take advantage of the changes in interest rates and tailor the loan to best suit your needs. The current Aussie classic fixed plus interest options are:
What choices to expect from the Aussie Classic Plus Fixed
The Aussie Classic’s flexibility allows you to take advantage of interest rate decreases by offering flexible options and no ongoing management fees. The Aussie Classic range of home loan features includes:
- Customise payment frequency – The repayments of your Aussie Classic Plus home loan allows you to repay your loan in a way which suits you, by offering either fortnightly or monthly repayments.
- Redraw facilities –Redrawing extra funds is made easy with redraws available whenever you need them at no extra cost, if you redraw by internet or phone.
- An additional repayment – To help customers pay less interest and reduce their loans capital, the Aussie Classic plus allows you for no extra fees to choose to make additional repayments.
- Convenient access – You can access your loan anytime online access and view all your loans transactions, plus you will receive a printed statement every 6 months.
- Splitting the loan – Customers can choose to fix the rate of a part of the loan, allowing some of your loan to be on the fixed interest rate while the rest remains subject to the variable rate. This feature helps partially protect you from increases in the interest rate while also taking advantage of times when the interest rate is lowered. Fees are not charged for up to two splits.
- Change to a fixed rate – Changing to a fixed rate is always an option with the Aussie Classic Plus; at no extra cost you can choice to fix interest rates to be sure about your monthly repayment amount. This feature gives you the flexibility to lock in a low interest rate if you are worried about an interest rate rise.
- Flexible Interest payments – If there is ever a time when bills become a bit difficult the Aussie Classic allows you to choose to pay interest only, freeing up some money for life’s everyday expenses.
- Portability – This loan is portable, but if you choose to switch the property acting as security there is a $600 fee.
| Minimum Loan Amount | $350,000 | |
|---|---|---|
| Maximum Loan Amount | $2,000,000 | |
| Maximum LVR | 90% | |
| Maximum Insured LVR | 92% | |
| Mortgage Offset Account | No | |
| Loan Redraw Facility | No | |
| Split Loan Facility | No | |
| Fixed Interest Option | No |
| Interest Rate Type | Fixed | |
|---|---|---|
| Interest Rate | 7.14% | |
| Comparison Rate | 7.54% | |
| 1 Year Fixed Rate | 6.64% | |
| 2 Year Fixed Rate | 7.14% | |
| 3 Year Fixed Rate | 7.54% | |
| 4 Year Fixed Rate | 7.69% | |
| 5 Year Fixed Rate | 7.79% | |
| Repayment Type | Principle & Interest | |
| Repayment Frequency | Weekly | |
| Extra Repayments | Yes |
| Application Fee | $250 | |
|---|---|---|
| Legal Fee | $0 | |
| Valuation Fee | $0 | |
| Service Fee | $15.00 | |
| Settlement Fee | $100 | |
| Exit Fee | $215 |
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