Bank of Queensland Home Loan Privileges $250k +
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- Clicking Enquire Now will take you to the lender's website
- After completing the contact form, a mortgage expert will contact you
- The mortgage expert will ensure you find the right loan, calculate your repayments, and explains all the associated fees
- After going through the enquiry process you will be able to know how much you can borrow, begin your application when you are ready to apply and be approved for a home loan
Many loans offer you a wide range of features and accounts that can help reduce the total amount you pay on the loan. The Bank of Queensland Home Loan Privileges $250k + loan is a home loan that offers many additional features. The features that are offered with the Bank of Queensland Home Loan Privileges $250k + will allow you to reduce the amount you pay on the loan while giving you the flexibility to repay the loan the way you want. This article will highlight all the features that are available with the Bank of Queensland Home Loan Privileges $250k + home loan.
Features of Bank of Queensland Home Loan Privileges $250k +
The Bank of Queensland Home Loan Privileges $250k + comes with many other features. With an annual package fee of $375 per annum the features that the package offers are:
- Flexible repayment options. You can choose the way you repay theBank of Queensland Home Loan Privileges $250k + loan. You can choose between weekly, fortnightly and monthly repayments.
- Borrowing conditions. You can borrow up to 95% of the total home value on the Bank of Queensland Home Loan Privileges $250k +. You will have to take out mortgage insurance if you want to borrow over 85% of the property value. There is however, no minimum amount you have to morrow and you can pay the loan off over a period of 30 years.
- You can make additional payments. The Bank of Queensland Home Loan Privileges $250k + allows you to make additional payments whenever you like. There are also no limits on the amount of additional payments you can make. If you make additional repayments you reduce the total amount of interest that is charged on the loan. It is always recommended that you make these additional repayments whenever you can as it can dramatically reduce the total amount you pay on the loan.
- Redraw facility. If you do reduce the total value of the loan with the additional payments you can redraw them at anytime using the Bank of Queensland Home Loan Privileges $250K + redraw facility. The minimum redraw amount is $100 however there are no other regulations.
- Mortgage offset facility. The Bank of Queensland Home Loan Privileges $250k + gives you a mortgage offset account for a small fee of $10 a month. The mortgage offset facility allows you to reduce the amount of interest that you pay. This is done by the depositing your savings into the account and then the amount is then offset against the loan. By reducing the amount of interest that is paid you reduce the total amount that you will pay on the loan.
- Free credit card. The Bank of Queensland Home Loan Privileges $250k + loan gives you a free credit card with no additional charges or annual fees.
- No fees. With theBank of Queensland Home Loan Privileges $250k + you can enjoy the no application fees or ongoing home loan fees facilities. By reducing the fees that you pay on the loan the total amount that is charged on the loan can be reduced.
The additional features that are offered with a loan can often help reduce the costs associated with a loan and give you the flexibility to repay the loan the way you want. The Bank of Queensland Home Loan Privileges $250k + offers you a great loan with a range of features that allow you to reduce the total amount you will pay on the loan, while providing you with the flexibility that you need to allow you to pay the loan the way you want. If you have any further questions please don’t hesitate to contact us.
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