RAMS SmartWay Pro Pack 2
Posted August 3rd, 2010
and last modified February 2nd, 2012
What happens when I click Enquire Now?
- 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
When you are looking for the right home loan for you will have to consider what you want from a loan. Many people will not want to use all the additional features that come with a home loan account such as the mortgage offset account. Most people will want to pay off their loans as normal every single time and if the opportunity arises to make an additional repayment they would also like to be able to.
The Rams SmartWay Pro Pack 2 is a standard variable home loan that will allow you to do all the above things. Furthermore, the Rams SmartWay Pro Pack 2 will also give you a period of reduced payments if you need to free up money.
Features of the RAMS SmartWay Pro Pack 2
The Rams SmartWay Pro Pack 2 offers you a variety of features. This section of the article will explain all of the features that are available with the Rams SmartWay Pro Pack 2:
- How much can you borrow. The Rams SmartWay Pro Pack 2 allows you to borrow from $500,000 to $10,000,000. However, you will have to pay a deposit of at least 20% to secure loan without having to pay the mortgage lenders insurance. You will be able to pay the loan off over a period of 30 years.
- Interest only repayment option. A loan term is a very long time and your circumstances can change dramatically very quickly. The Rams SmartWay Pro Pack 2 offers people who may find themselves unable to pay the loan off an interest only period. For 5 years you will be able to pay only the interest portion of the repayments so you will be able to free money up for other things.
- Extra repayments. The Rams SmartWay Pro Pack 2 will allow you to be flexible with the way you pay off the loan as it will allow you to make additional repayments onto the loan whenever you would like. This will reduce the amount of money you have to pay onto the loan by lowering the interest that is charged to the Rams SmartWay Pro Pack 2 loan account.
- Redraw facility. The Rams SmartWay Pro Pack 2 will also allow you to redraw any of the extra money you have put onto the account. This can be another handy feature that will help you take a repayment holiday if you can save up for it.
- You can split the loan. You will also be able to split the Rams SmartWay Pro Pack 2 into two different loan types. One of the loan types will have to be the Rams SmartWay Pro Pack 2 however you may want to fix the other portion and enjoy the benefits of both the loans at once. This is a great feature that will help you organise your money so you will pay as little as you can.
The Rams SmartWay Pro Pack 2 is a variable rate home loan that will help you in times of need. The Rams SmartWay Pro Pack 2 allows you to take a repayment holiday if you don’t think you can make the repayments. Furthermore, you will also be able to redraw any money that you have put onto the loan at any time. This is handy if you need fast money.
Read the RAMS SmartWay Pro Pack 2 Home Loan terms and conditions.
| Minimum Loan Amount | $500,000 | |
|---|---|---|
| Maximum Loan Amount | $10,000,000 | |
| Maximum LVR | 95% | |
| Maximum Insured LVR | 95% | |
| Mortgage Offset Account | No | |
| Loan Redraw Facility | No | |
| Split Loan Facility | No | |
| Fixed Interest Option | No |
| Interest Rate Type | Fixed | |
|---|---|---|
| Interest Rate | 7.03% | |
| Comparison Rate | 7.37% | |
| Repayment Type | Interest Only | |
| Repayment Frequency | Weekly | |
| Extra Repayments | No |
| Application Fee | $395 | |
|---|---|---|
| Service Fee | $300 |
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Loans.com.au - Dream Catcher | A home loan offer with a $0 application fee and one of the lowest available home loan interest rates. | 5.85% | 6.21% | $0 / $375 | 80% | $50,000 / $750,000 |
 
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 Bankwest Online Home Loan | A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online. | 5.97% | 5.97% | $0 / $0 | 80% | $100,000 / $1,000,000 |
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 Illawarra Home Loans Bank Beater Home Loan | A low variable rate, beaten down even further by 0.05% p.a. after 5 years. | 6.07% | 6.35% | $0 / $345 | 90% | $250,000 / $1,000,000 |
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 State Custodians Mortgage Company Standard Variable Offset Loan | Awarded Mortgage of the Year 2012 – this multi-award winner features 100% offset and a loyalty 0.25% rate drop after 5 years. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
|
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