Key Features |
|
Interest rate |
7.95% pa capped for 12 months |
Comparison rate* |
8.57% pa |
Loan term |
Maximum 30 years |
Loan amount 1 |
Maximum 95% of the valuation of the property |
Lender’s mortgage insurance 1 |
Required if loan amount exceeds 80% of the valuation of the property |
Benefits |
|
Extra repayments 2 |
Make extra repayments on your loan to help you save on interest and reduce the term of your loan. Conditions apply. |
Make extra repayments to your loan and you can access the redraw facility after the 12 month introductory period. Minimum redraw facility is $1,000. |
|
Repayment holiday3 |
Apply for a repayment holiday in exceptional circumstances when your loan is in advance. Conditions apply. |
Split loan |
Split your home loan into two by choosing to lock any proportion into a Fixed Rate and leave the remainder as any of our variable rate products. |
Family equity mortgages4 |
A low cost way into the property market, with little or no deposit by using equity in the family home to avoid Lender’s Mortgage Insurance. Conditions apply. :: click here for more information |
Fees and Charges |
|
Ongoing fees |
Nil – Unicredit do not charge ongoing monthly or annual fees. |
Establishment fees5 |
$200 once only establishment fee |
Loan switching fees |
$175 |
Redraw fee |
Nil (min redraw amount $1,000) |
With a discounted interest rate that is capped for the first 12 months, this popular loan enables new buyers and mortgage refinancers to benefit from lower repayments at the start of the loan term.
This loan has all the features of our Classic Plus home loan, and after the first 12 months, the interest rate reverts to the competitive variable rate.
The Smart Start loan is available for both owner/occupier and investment property purchases.Speak to a Lending Consultant –
- You can speak to a Lending Consultant Monday to Friday, 8.30am to 4.30pm by calling Unicredit on 9389 1011 or email enquiries@unicredit.com.au.
- You can also make an appointment with a Lending Consultant to discuss your loan requirements anytime during office hours.
Mortgage protection insurance6 –
- By taking out loan protection insurance, you are protecting yourself from an unfortunate change in financial circumstances. Loan repayments will continue to be met should the borrower/s become involuntarily unemployed or unable to earn income due to an accident or illness.
- We recommend that you discuss the options available to you when you discuss your loan requirements with your Lending Consultant.
Home and contents insurance -
- Unicredit can provide you with a competitive quote for home and contents insurance.
- You can ask your Lending Consultant for a quote at any time, or indicate on your loan application for a quote to be provided.
Further product information –
Apply today –
Things you should know
All loan applications are subject to Unicredit’s normal lending criteria. Fees and government charges apply, including settlement attendance, valuation fees and stamp duty charges. Please refer to our Fees and Charges Schedule, by clicking on the link below, collecting from any Unicredit branch or discuss with a Lending Consultant.
*Comparison rate is for a loan of $150,000 for a term of 25 years.
WARNING: These comparison rates apply only to the examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and costs savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Calculations are based on a monthly repayment frequency.
Comparison Rate Schedules are available from any Unicredit branch, or can be downloaded by clicking on the link below.
1 Lender’s Mortgage Insurance is applicable on all loans where the loan to valuation ratio (LVR) is greater than 80%. Unicredit will lend up to 95% LVR on all standard residential properties, however, will only lend up to 60% LVR on inner-city apartments.
2 An early repayment charge may apply if you either pay more than 75% of your loan off during the first 12 months or payout your loan during the first four years from funding.
3 Conditions apply. Repayment holidays are currently provided where a member is in advance on their minimum payments, to a maximum number of repayment periods that can be covered by the advance. Requests for repayment holidays must be made in writing to the Loans Manager.
4 Conditions apply. Family equity mortgages should be discussed with a lending officer by calling Unicredit on 9389 1011.
5 External fees such as government charges, settlement attendance and valuation fees apply. Please refer to our Fees and Charges Schedule.
6 The mortgage protection insurance product is issued by Swann Insurance (Aust.) Pty. Ltd. (Swann). ABN 80 000 886 680. An IAG Company. You can get a Product Disclosure Statement (PDS) for the product from any office of Swann or its representatives. You should consider the PDS in deciding whether to buy or hold the product.
This is general advice only and does not take into account your
individual objectives, financial situation or needs ('your personal
circumstances'). Before using this advice to decide whether to purchase
this insurance policy, you should consider the appropriateness of
it having regard to your personal circumstances, plus obtain and
consider the current Product Disclosure Statement for the insurance
policy.
