| Application fee. |
$0 |
| Loan Settlement fee.^ |
$275 |
| Valuation fee.^ |
|
| – Standard valuation. |
$205.25 |
| Loan Service fee.^ (monthly) |
$8 |
| Consent and variation fee.^ |
$250 |
| Switching fee.^ (For example switching from fixed to variable interest rate.) |
$300 |
| Security discharge administration fee.^ |
$250 |
| Substitution of loan security fee.^ |
$275 |
| May be payable.^ |
|
| – Solicitors and other parties actioning requests. |
Not ascertainable |
| Rate lock fee. |
|
| – When you ask us to lock in a fixed, or guaranteed, rate of interest on a home loan. |
0.15% of the fixed interest rate loan amount. |
| Break cost fee.† |
|
| Payable before expiry of any period when interest rate is fixed on any portion of loan due to loan being repaid, interest becoming variable or default. We calculate the ‘break cost’ using the following formula: |
|
Let n = the remaining number of months for which the rate is fixed.
Let A = current outstandings.
Let P = monthly scheduled payments.
Let z = annual fixed interest rate payable monthly.
Let y = annual reinvestment rate payable monthly.
Let b = (1+y/12)n Let d = (1+z/12)n.
Then the Break Value is given by: (A/b)*(d-b)+12P/(byz)*(z(b-1)-y(d-1)). |
|
| Arrears reminder notice fee (per letter). |
$20 |
| Default Notice (enforcement notice). |
$20 |
| Redraw Fee (Basic Variable home loan only). |
$25 |
