RAMS - Basic - Basic Home Loans |
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to select a different loan amount and loan term. Currently: $150,000 over 30 years |
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| Lender |
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RAMS Home Loan |
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| Product |
Basic |
Current
Interest Rate |
6.09% |
Current
Comparison Rate
Estimated |
6.15% |
| Amount Borrowing |
$150,000 |
| Home Loan Term |
30 years |
Monthly Repayment
Estimated |
$908.02 |
Total Payment
Estimated |
$327,475 |
| Establishment Fee |
$595.00 |
| Apply/Enquire |
 
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| Suitable For |
Savvy customers eligible for professional pricing who want a flexible discounted variable rate loan.
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Customers who have a longer term ownership horizon who want to benefit from lower rates in the earlier stages of their loan
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Business purpose loans, loan amount and LVR restrictions apply refer separate guidelines. |
| Acceptable Income |
PAYG Salary / Wages /Self Employed |
| Home Loan Term |
Maximum term 30 years. |
| Home Loan Size |
Minimum $50K.
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Maximum $750K
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Maximum: depending on LVR, mortgage insurer and postcode. |
| Payment Type |
Principal and Interest & Interest Only term 1 - 5 years & 10 yrs (NB. 10 yrs IO for Investment purpose only) |
| Payment Options |
Weekly, fortnightly or monthly available as an interest only option or principal and interest option.
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Available for accelerated payments |
| Extra Repayments |
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| Split Loan |
Available at anytime minimum of $50k |
| Offset |
Not available. |
| Redraw Facility |
Redraw $50 Fee Minimum redraw amount $1000. |
| LVR |
Owner Occupied Maximum LVR 100%
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Investment Maximum LVR 100%
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Construction Maximum LVR 95%
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Refinancing Maximum LVR 95%
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Vacant Land Maximum LVR 90%
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Debt consolidation Maximum LVR 95%
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Construction: Full Doc & Low Doc Max LVR 95% - $750k/ LVR 80% - $1M
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Refinance LVR 95%. (For 90+ LVR equity release funds allowed to maximum of 5% of total loan).
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Land Max LVR 90%.
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Debt Consolidation LVR 95% (to $750,000 metro) loans only.
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Consolidate up to five personal debts.
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Max LVR on purchase price evidence of transaction costs required.
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Must hold 20% equity in other residential real estate. |
| Home Loan Fees |
Application Fee $395.
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Valuation Fee $200.
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Additional Valuation Fee $220 .
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Discharge Fee $295 plus legals.
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Loan Settlement Fee $300 (shown as Mortgage Prep Fee).
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Account Servicing Fee Nil
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Redraw Fee $50
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Loan Conversation Fee $295
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Loan Fixing Fee $295.
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Early payout: Years 1-3: 1% of the original loan amount.
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original loan amount.
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Early Repayment Refund to customers that settle a new loan within 6 months of incurring the ERF on their original closed RAMS loan.
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Conditions apply refer to BDM for further details.
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Loan FixingFee $295 post settlement only
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Customers who convert their current loan to a construction loan will not be charged the $295 Conversion Fee. A Conversion Fee is payable if changes are made such an increase or a change of product.
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Construction Loan Fee Progress Payment Fee $50 per Progress Payment |
| Apply/Enquire |
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| Other Basic Home Loans |
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| Other RAMS Home Loan Products |
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This Comparison Rate applies only to $150,000 with a loan term of 30 years. The loan amount and term will affect the comparison rate calculation. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparsion rate calculation but may influence the cost of the loan.
This rate is to be used as a guide only and we recommend that you confirm it with the lender before acting upon it.
The information provided in this website is a guide only and may not be complete for your purposes. ratesonline.com.au is not licensed to provide investment advice and recommends that you consult an independent financial adviser.
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