| Features |
FGNZ Housing Loan Facility |
FGNZ Equity Line facility |
| Description |
Variable rate or fixed rate loan facility. |
Variable rate Line of Credit facility |
| Repayment options |
Principal & Interest (P&I)
Interest-Only (IO) |
Interest-Only (IO)
Additional principal repayments accepted any time. |
| Interest rate options |
Variable
P&I up to 30 years
IO up to 10 years ≤ 85% LVR
IO up to 5 years |
Fixed
Fixed IO up to 5 years
Fixed P&I up to 5 years |
Variable Only
IO for 10 years ≤85% LVR then amortisation program commences.
IO for 5 years >85% LVR then amortisation program commences. |
| Repayments Methods |
Variable interest rate options only can be made
via:-
Direct debit system from nominated bank account
Can be arranged using Internet or Telephone banking
|
Can be made via:-
Direct debit system from nominated bank account
Can be arranged using Internet or Telephone banking |
| Repayment frequency |
Weekly, fortnightly or twice monthly or monthly
Day & Date can be nominated. |
Weekly, fortnightly or twice monthly or monthly
Day & Date can be nominated. |
| Fees |
Account Keeping Fees
Statement Fees
Transaction Fees
Early Repayment Fee |
No
No
No
Yes |
Account Keeping Fees
Statement Fees
Transaction Fees
Early Repayment Fee |
No
No
No
Yes |
| Security |
Acceptable residential property |
Acceptable residential property |
| Redraw conditions |
Variable interest rate options only can be arranged
via:
Direct Credit to nominated bank account
Internet banking
Telephone banking
2 business days notice is required;
No minimum redraw amount. |
Can be arranged via:-
Direct Credit to nominated bank account
Internet banking
Telephone banking
2 business days notice is required;
No minimum redraw amount. |
