Freedom Fixed – Investment Fact Sheet

The Fixed Investment home loan is aimed at those looking for lock in their loan for greater budgeting and predictability. The Fixed account loan comes with options to make additional repayments of up to $20,000 per year. This loan is perfect for those that do not want to worry about their loan and to spend more time with their lives.

Product Overview

Maximum Loan amount $1,750,000
Loan to Value Ratio (LVR) Up to 90%
Loan Term Up to 30 Years
Loan Options Principal and Interest (P&I), and Interest Only (I/O)
Credit History Clear Credit History
Lenders Mortgage Insurance Payable by borrower when greater than 80%
Loan Purpose Purchase or refinance of an investment property
Cash Out Up to 80% Loan to Value Ratio (LVR)
Equity 5% genuine savings
Acceptable Securities Categories 1&2
Residential properties up to 25 acres
Residential properties greater than 50sqm
(exclusive to balconies and parking)
Split Loans Available. Up to 4 splits
Redraw N/A
Offset N/A
Repayment Frequency Weekly, fortnightly or monthly repayments
Voluntary Repayments Up to $20,000 per year above minimum repayments may be made without penalty
Transaction Fees Unlimited free internet & Phone banking transactions available.
Free Transactions for Online banking transfers, Phone Banking transfers,
BPay and direct debits

Set up Fees

Application Fee $385
Valuation Fee $250 or at cost
Solicitors Fee $300 or at cost
Yearly Fee $0
3rd party solicitor costs at cost
3rd party government costs at cost

Post Settlement Fees

Loan Account Variation Fee $150
Loan Facility Variation Fee $300 plus Third Party Costs*
Settlement Cancellation Fee $300
Fixed loan break costs At cost
Determined at the time of break
Ad Hoc Statement Fee $15
Discharge Administration Fee $0 when with Freedom Lend over 5 years
$535 when less than 5 years