Bank of Queensland Home Loan Privileges $200k to $250k
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When paying off a home loan there are often a variety of features that can help you save on the home loan. In addition to the additional features that can help you save money the Bank of Queensland Home Loan Privileges $200k to $250koffers a variety of features than can give you additional flexibility so the loan works for you. The Bank of Queensland Home Loan Privileges $200k to $250k offers a variety of features that help you reduce the total amount of interest that is paid and give you the flexibility that you may need. This article will show you all the features of the Bank of Queensland Home Loan Privileges $200k to $250k and highlight how they can save you money.
Features of the Bank of Queensland Home Loan Privileges $200k to $250k
The Bank of Queensland Home Loan Privileges $200k to $250k offers many additional features that can help you save. With an annual package fee of $375 per annum the features that the package offers are:
- Flexible repayment options. TheBank of Queensland Home Loan Privileges $200k to $250k allows you to repay the loan in the way which you choose. You can choose between weekly, fortnightly and monthly repayments.
- Borrowing conditions. You can borrow up to 95% of the total property valueBank of Queensland Home Loan Privileges $200k to $250k. However if you have to borrow any amount over 85% you will have to take out mortgage insurance. There is no minimum amount that you need to borrow and the maximum loan term is 30 years.
- You can make additional payments. There are no limits on the amount of additional payments you can make when using the Bank of Queensland Home Loan Privileges $200k to $250k. If you can make additional payments, these payments will not only reduce the amount you owe, but will also reduce the amount of interest that is charged to you account.
- Redraw facility. You can redraw any additional payments you make at any time when using the Bank of Queensland Home Loan Privileges $200k to $250k. While the amount you withdraw must be over $100 you can make additional repayments easily while being assured that you can retrieve the funds whenever you may need them.
- Mortgage offset facility. Mortgage offset facilities is an account that are linked to the loan account. This account can be used as a normal transaction account but the money in the account is offset against your loan. As the offset amount is taken into consideration when interest is calculated you save money on the amount that you pay in interest. The Bank of Queensland Home Loan Privileges $200k to $250k offers a mortgage offset account for a small fee of $10 a month.
- Free credit card. The Bank of Queensland Home Loan Privileges $200k to $250k loan gives you a free credit card if you would like. With a choice of cards and no annual fee you will be able to save money.
- No fees. TheBank of Queensland Home Loan Privileges $200k to $250k does not charge application fees or ongoing home loan fees. This feature itself will save you money over the course of your loan with sums of money that are usually required.
Many loans offer features that allow you to reduce the amount you will end up paying on the loan and can give you additional flexibility. The Bank of Queensland Home Loan Privileges $200k to $250k offers a range of features that can give you both of these benefits. If you have any further questions please don’t hesitate to contact us.
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