Simplicity PLUS Equity Manager Fixed Rate Variable Rate Description No frills home loan that offers you a low variable interest rate for the life of the loan. You will not pay for any extra features you don't need. This account allows you to turn the equity in your property into a ready source of funds up to an agreed limit. Offers you the certainty of knowing what your repayments will be for the fixed rate period. You can lock in a fixed rate for an agreed period. Offers you flexibility and great range of features that you can use to suit your needs. Available under a Breakfree Package No Yes Yes Yes Maximum loan of property value (%) 90% 90% 90% 90% Lenders mortgage insurance Required if amount borrowed is more than 80% of the valuation of the security property Required if amount borrowed is more than 80% of the valuation of the security property Required if amount borrowed is more than 80% of the valuation of the security property Required if amount borrowed is more than 80% of the valuation of the security property Loan term Up to 30 year maximum Ongoing line of credit Up to 30 year maximum Up to 30 year maximum Minimum amount $50,000 $20,000 $20,000 $20,000
Simplicity PLUS
Equity Manager
Fixed Rate
Variable Rate
Description
No frills home loan that offers you a low variable interest rate for the life of the loan. You will not pay for any extra features you don't need.
This account allows you to turn the equity in your property into a ready source of funds up to an agreed limit.
Offers you the certainty of knowing what your repayments will be for the fixed rate period. You can lock in a fixed rate for an agreed period.
Offers you flexibility and great range of features that you can use to suit your needs.
Available under a Breakfree Package
No
Yes
Maximum loan of property value (%)
90%
Lenders mortgage insurance
Required if amount borrowed is more than 80% of the valuation of the security property
Loan term
Up to 30 year maximum
Ongoing line of credit
Minimum amount
$50,000
$20,000
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