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Because we care about protecting your interest our home loans come with features you’ll actually use at a price you can afford.
Interest rate: 7.43% p.a Comparison Rate:7.48% p.a.*
For Fixed Interest Rates on Lo-Doc loans please call our office on 1300 654 617.
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USEFUL FEATURES
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| Owner occupied & investment | Yes |
| P&I or Interest-only | Yes |
| Max LVR | 80% plus capped LMI |
| 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 splits free |
| Free redraw | Unlimited |
| Free salary crediting | Yes |
| Free 100% interest offsetting | Yes (all-in-one account) |
| Free online loan account | Unlimited access |
| Free phone loan account | Yes |
| ATM/EFTPOS/Bpay | Yes |
| Top Ups | Yes (fees & conditions apply) |
| Fixed rates | 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 |
| Cancellation of settlement fee^ | $390 |
*This comparison rate is based on a loan amount of $150,000 over 25 years with fees and charges payable. WARNING: This comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
**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. ALL
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.
