Smart Start (Discount Variable Home Loan)
This information is provided for existing borrowers only. This product is not available for new loans.
Features and benefits
Feature | Detail |
|---|
Loan term | Maximum 30 years |
Minimum loan amount | No minimum |
Maximum loan amount | - Owner-occupied - 95% of property value*
- Investment - 90% of property value*
|
Repayment type | - Principal and interest
- Interest only (maximum 1 year; subject to approval)
|
Repayment options | |
Additional repayments | Yes – make unlimited additional repayments any time and pay off your loan sooner. |
Redraw (application form PDF 398kb) | Yes – redraw allows you to easily access your advance repayments, minimum $100. Available through Internet Banking subject to approval. |
100% Mortgage Offset facility | Yes |
| Internet Banking | Yes |
EasyPhone Banking | Yes |
*Requires mortgage insurance if the amount borrowed is more than 80% of the valuation of the security property.
Interest rates
| Annual percentage rate (% p.a.) | All Smart Start loans have now been converted to the relevant standard variable home loan rate. |
| Reference rates | Standard Variable Housing Rate, Standard Variable Investment Housing Rate |
Fees and charges
Home loan fee: $8.00 each month
Mortgage benefit fee: $2.00 each month
Fee savings: You can nominate one of your Ultimate Accounts to be free of monthly account maintenance fees.
Important information
Please view the terms and conditions listed below on the Terms and Conditions page:
- Personal Banking Guide to Fees and Charges
- Personal Lending Supplementary Terms and Conditions
Information current as at July 18, 2008.
This website contains general advice. This advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of any advice before acting on it. You should obtain and consider the terms and conditions, customer information brochure and Guide to Fees and Charges for the product before making any decision about whether to acquire or continue to hold it. You can obtain a copy of those documents from any Bank of Queensland branch or from this website.