Terms & Conditions

Home Loan Report

Terms and conditions, fees and charges, and normal lending criteria apply. Interest rate is correct as at last update. Interest rates to existing borrowers may vary to the advertised rate. Comparison rate based on a loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example or examples given and may not include all fees and charges. Different terms, fees and other loan amounts may result in a different comparison rate. The purpose of this Home Loan Report is to assist you in calculating your estimated borrowing power associated with purchasing or refinancing a home loan and estimated home loan repayments based on your search criteria and lender panel (powered by Australian Credit License 385888). Finconnect and its partners may receive a fee for this referral.

If you change any of the information, including the interest rate, you will obtain a different result. It does not constitute an offer of credit, quote or pre-approval. The actual amount you can borrow, and the applicable loan repayments, can only be determined once you submit a full application with a lender or bank, who will assess your application with their credit criteria applicable at that time. Before acting on the results of this Home Loan Report you should seek professional advice.

Fees and charges: Not all fees, charges or duties you could incur in relation to your loan and/or property, are included.  The following fees, charges, and duties provided are estimates only;

• Stamp Duty
• Mortgage Registration Fee
• Transfer Fee
• First Home Owners Grant

Monthly Repayments are an estimate only and exclude fees. The repayment amount is based on the example interest rate displayed in your Home Loan Report, your selected loan amount, and a standard loan term of 30 years. Where interest rate is fixed or has an introductory variable rate period, the calculation is based off the fixed rate or introductory variable rate during the period stated. Actual repayments may vary based on your individual circumstances and interest rate changes.

Expenses: We make assumptions about your living expenses. The result should be used as a general guide only, as your living expenses can vary significantly depending on how you choose to spend your money.

Interest rate:

• For the purposes of our calculation, we assume a variable interest rate. A static rate has been applied for the full 30-year loan, as we can’t predict what rates will do in the future.
• The interest is charged to the loan account at the same frequency and on the same day as the repayments are made (this may not be the case for your loan).
• Repayments are principal and interest repayments.
• One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366.
• Interest rate buffers: We include an interest rate buffer in our calculations. This allows us to factor in, to a degree, the effect of interest rate increases when working out how much you may be able to afford. The bank or lender may apply higher interest rate buffers.
• Your annual interest charge is divided equally over 12 monthly payments (in reality, interest is calculated daily and charged monthly which can lead to your interest charge varying between months).

If refinancing is selected;

• Interest Savings is an indication of the amount saved and is the difference between the repayment of your existing loan and the example interest rate displayed in your Home Loan Report. It assumes interest rates do not change during this period and does not include application or ongoing fees. Where interest rate is fixed or has an introductory period, the revert rate is factored into the calculation for the period stated. Discharge fees, lenders mortgage insurance, and break costs are not considered and need to be obtained from your lender.
• Current Loan Repayments are an estimate only and exclude fees. The repayment amount is based on the interest rate that you have provided, your selected loan amount, and a standard loan term of 30 years. Actual repayments may vary based on your individual circumstances and interest rate changes.
• New Loan Repayments are an estimate only and exclude fees. The repayment amount is based on the example interest rate displayed in your Home Loan Report, your selected loan amount, and a standard loan term of 30 years. Where interest rate is fixed or has an introductory variable rate period, the calculation is based on the fixed rate or introductory variable rate during the period stated. Actual repayments may vary based on your individual circumstances and interest rate changes.
• Interest Only repayment type is defaulted to 5 years at Interest Only and then reverts to a Principal (i.e. amount borrowed) and Interest repayment for the remainder of the loan term.

Rate Table Comparison

Terms and conditions, fees and charges and normal lending criteria applies. Interest rate is correct as at last update.Interest rates to existing borrowers may vary to the advertised rate.

These results are based on the information provided and do not constitute financial advice. This report acts as a guide in determining the interest rate available based on your search criteria and lender panel (powered by Australian Credit License 385888). Finconnect and its partners may receive a fee for this referral. This does not constitute a quote or pre-approval.

Comparison rate based on a loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example or examples given and may not include all fees and charges. Different terms, fees and other loan amounts may result in a different comparison rate.

Repayments are an estimate only and exclude fees. The repayment amount is based on the listed advertised rate, your selected loan amount, your loan term and your repayment frequency. Where loan term is not specified, the repayment calculation is based on a loan term of 30 years. Where loan amount is not specified, the loan amount is defaulted to $500,000. Actual repayments may vary based on your individual circumstances and interest rate changes.

Interest Only repayment type is defaulted to 5 years at Interest Only and then reverts to a Principal (i.e. amount borrowed) and Interest repayment for the remainder of the loan term.

If refinancing is selected;

Approximate Savings is the difference between the repayment of your existing loan and the listed advertised interest rate, and is based on the loan term you provided. Where interest rate is fixed or has an introductory period, the revert rate is factored into the calculation for the period stated. Where loan term is not specified, the repayment calculation is defaulted to a loan term of 30 years. Where loan amount is not specified, the loan amount is defaulted to $500,000. It assumes interest rates do not change during this period, and it includes ongoing fees. Discharge fees, lenders mortgage insurance, and break costs are not considered, and need to be obtained from your lender.

Loan Repayment Calculator

The purpose of this calculator is to assist you in estimating what your home loan repayments may be based upon the information you put into the calculator. It does not constitute an offer of credit.

The results of this calculator are estimates only. They are based on the information you have provided. If you change any of the information, including the interest rate, you will obtain a different result. Other fees, charges and costs may apply.

The actual amount you can borrow, and the applicable loan repayments, can only be determined once you submit a full application to us and we assess your application using our credit criteria applicable at that time.

We have made assumptions when producing the calculations, including:

• Fees and charges: The estimated repayment amount does not include any fees or charges.
• Repayments:
  • We assume that the interest rate displayed will not change and will apply for the full loan term selected, as we cannot predict rates in the future.
  • We assume interest is charged to the loan account at the same frequency and on the same day as the repayments are made (this may not be the case for your loan).
  • Repayments are principal and interest repayments.

Before acting on the results of this calculator you should seek professional advice and speak to an eChoice consultant.

Stamp Duty Calculator

The purpose of this calculator is to assist you in estimating your stamp duty, and mortgage registration and transfer fees for properties with an existing dwelling. It does not constitute an offer of credit.

We have made assumptions when producing the calculations, including:

• Stamp duty and registration costs have been calculated using the rates from the relevant government authority websites and may not take into account all concessions you could be eligible for, or any surcharges and duties that may apply given your individual circumstances. We cannot guarantee that these rates are correct, up to date or are the ones which would apply to you. You should confirm the government costs and duties payable with the relevant government authorities.
• Different rates of duty and fees may apply for vacant land and you should contact the OSR in your state or territory for the correct rates. We have made assumptions when producing the calculations, including:
  • The calculations only include government registration costs and stamp duty on the transfer of land for the purchase price you enter and on one real property mortgage. The calculations don’t include the registration costs for discharges of mortgage or for additional mortgages.
  • We have not included all the possible set up costs that you may have to pay such as lenders mortgage insurance, lender’s fees, every government fee, conveyancing costs and moving costs.
  • There may be additional costs based on your home buying scenario that have not been included.
  • There may a range of exemptions and concessions you might be entitled depending on the nature of the transaction, the use of the property and/or your personal circumstances. These may alter the amount of stamp duty you are required to pay.

Borrowing Power Calculator

The purpose of this calculator is to assist you in calculating your borrowing power associated with a new home loan. It does not constitute an offer of credit.

The results of this calculator are estimates only. They are based on the information you have provided. If you change any of the information, including the interest rate, you will obtain a different result. Other fees, charges and costs may apply.

The actual amount you can borrow, and the applicable loan repayments, can only be determined once you submit a full application to us and we assess your application using our credit criteria applicable at that time.

We have made assumptions when producing the calculations, including:

• Expenses: We make assumptions about your living expenses. The result should be used as a general guide only, as your living expenses can vary significantly depending on how you choose to spend your money.
• Interest rate: For the purposes of our calculation, we assume a variable interest rate. The interest rate will not change and will apply for the full 30 year loan term, as we can’t predict what rates will do in the future.
• Repayments: Repayments are indicative only. When calculating repayments, we have had to make a number of assumptions which may affect the accuracy of the amounts shown. They include:
  • That the interest rate displayed will not change and will apply for the full 30 year loan term, as we can’t predict what rates will do in the future.
  • That interest is charged to the loan account at the same frequency and on the same day as the repayments are made (this may not be the case for your loan).
  • Any upfront fees, charges or duties you incur in relation to the loan and/or the property are not included.
  • Repayments are principal and interest repayments.

Before acting on the results of this calculator you should seek professional advice and speak to an eChoice consultant.

Buying Costs Calculator

The purpose of this calculator is to assist you in calculating your estimated upfront and ongoing costs associated with a new home loan. It does not constitute an offer of credit.

The results of this calculator are estimates only. They are based on the information you have provided. If you change any of the information, including the interest rate, you will obtain a different result. Other fees, charges and costs may apply.

The actual amount you can borrow, and the applicable loan repayments, can only be determined once you submit a full application to us and we assess your application using our credit criteria applicable at that time. We assume that the interest rate displayed will not change and will apply for the full loan term selected, as we cannot predict rates in the future.

We have made assumptions when producing the calculations, including:

• Stamp duty and registration costs have been calculated using the rates from the relevant government authority websites and may not take into account all concessions you could be eligible for, or any surcharges and duties that may apply given your individual circumstances. We cannot guarantee that these rates are correct, up to date or are the ones which would apply to you. You should confirm the government costs and duties payable with the relevant government authorities.
• Different rates of duty and fees may apply for vacant land and you should contact the OSR in your state or territory for the correct rates. We have made assumptions when producing the calculations, including:
  • The calculations only include government registration costs and stamp duty on the transfer of land for the purchase price you enter and on one real property mortgage. The calculations don’t include the registration costs for discharges of mortgage or for additional mortgages.
  • There may be additional costs based on your home buying scenario that have not been included.

Before acting on the results of this calculator you should seek professional advice and speak to an eChoice consultant.

The results of this calculator are estimates only. They are based on the information you have provided. If you change any of the information, including the interest rate, you will obtain a different result. Other fees, charges and costs may apply.

The actual amount you can borrow, and the applicable loan repayments, can only be determined once you submit a full application to us and we assess your application using our credit criteria applicable at that time. We assume that the interest rate displayed will not change and will apply for the full loan term selected, as we cannot predict rates in the future.

We have made assumptions when producing the calculations, including:

• Stamp duty and registration costs have been calculated using the rates from the relevant government authority websites and may not take into account all concessions you could be eligible for, or any surcharges and duties that may apply given your individual circumstances. We cannot guarantee that these rates are correct, up to date or are the ones which would apply to you. You should confirm the government costs and duties payable with the relevant government authorities.
• Different rates of duty and fees may apply for vacant land and you should contact the OSR in your state or territory for the correct rates. We have made assumptions when producing the calculations, including:
  • The calculations only include government registration costs and stamp duty on the transfer of land for the purchase price you enter and on one real property mortgage. The calculations don’t include the registration costs for discharges of mortgage or for additional mortgages.
  • There may be additional costs based on your home buying scenario that have not been included.

Before acting on the results of this calculator you should seek professional advice and speak to an eChoice consultant.