Ready for useful features & low fees?
Because we care about protecting your interest our home loans come with features you’ll actually use at a price you can afford.
Please contact us on 1300 654 617 to learn more about our Lo Doc Fixed Rates.
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USEFUL FEATURES
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| Owner occupied & investment | Yes |
| P&I or Interest-only | Yes |
| Max LVR | 82% |
| Max Term | 30 years |
| Max loan size | $1 million (see terms and conditions) |
| First home buyers | Yes |
| Lenders’ Mortgage Insurance | Yes |
| Capitalise mortgage insurance? | Yes |
| Payment frequency | M,F or W |
| Split Loans | Up to 4 |
| Free redraw | Not available on fixed portions |
| Free salary crediting | Not available on fixed portions |
| Free 100% interest offsetting | No |
| Free online loan account | Unlimited access |
| Free phone loan account | Unlimited access |
| ATM/EFTPOS/Bpay | Yes |
| Top Ups | Yes (fees & conditions apply) |
| Variable split available |
Yes |
| Last 12 months BAS required | Yes |
| Pre-approval | Yes |
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FEES
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| Application fee |
Nil |
| Monthly ongoing fee |
Nil |
| Annual fee | Nil |
| Legal (deducted from loan)* | $385 |
| Valuation fee |
$275 |
| Settlement (deducted from loan) | Nil |
| Offset management fee |
Nil |
| Pre-approval fee |
Nil |
| Discharge fee | $350 |
| Cancellation of settlement fee^ | $390 |
* This is an estimate of average legal fees. The figure may vary depending on the loan structure.
^This fee is payable in the event that settlement is cancelled by anyone other than SCMC.
Deferred administration fees (exit fees)
There are no Early Exit Fees or penalties if a loan is completely paid off but not discharged within the first five years. Fees may be payable in the event that a loan is fully discharged within the first five years such as in the event of a sale or refinancing.
In the event that an early exit fee is payable, the fee will be 1% of the initial loan amount in the first three years, reducing to 0.80% in the fourth year and 0.60% for the fifth year.
SCMC LOANS ARE PORTABLE which means you can transfer the loan to a new or different property for a nominal fee of around $750 and not incur any early exit penalties. Conditions apply.
