GumLeaf Investment Variable (Principle & Interest)
GumLeaf Investment Variable (Principle & Interest)
Category: Home Loans Last Updated July 25, 2024 Effective September 2, 2024
General Lending Rates
Rates listed below are for a VARIABLE INVESTMENT product. Additional Information
Interest Rate
6.19% PA
6.19% PA
Comparison Rate
6.26%PA*
6.26%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
60% LVR - 70% LVR
Minimum: 60 PERCENT Maximum: 70 PERCENT
- Lending Rate Type: Variable
- Interest Rate: 6.24%, Comparison Rate 6.31%
- Repayment Type:
- Loan Purpose: Investment
70% LVR - 80% LVR
Minimum: 70 PERCENT Maximum: 80 PERCENT
- Lending Rate Type: Variable
- Interest Rate: 6.29%, Comparison Rate 6.36%
- Repayment Type:
- Loan Purpose: Investment
80% LVR - 90% LVR
Minimum: 80 PERCENT Maximum: 90 PERCENT
- Lending Rate Type: Variable
- Interest Rate: 6.34%, Comparison Rate 6.41%
- Repayment Type:
- Loan Purpose: Investment
Product Features
- Other Additional Information: Family Support is available for borrowers, especially first home buyers with no deposit, who have an immediate family member that is willing and able to offer security
- Other Additional Information: Loan period - Up to 30 years
- Other Additional Information: No Annual Fees
- Redraw Additional Information: You must be at least one months repayment in advance to obtain a redraw
- Other Additional Information: Additional repayments accepted
- Offset Additional Information: Offset 100% of the balance
- Digital Banking Additional Information: Check your accounts and transact online 24/7
- Other Additional Information: Borrow up to 80% of property value.95% with mortgage insurance . 90% with mortgage insurance for interest only. 70% land only. Mortgage insurance is subject to approval by the Mortgage Insurer
Product Eligibility
- Residency Status - Australian Citizen Or Permanent Resident. Additional Information: Australian Citizen or Permanent Resident
- Min Age - 18. Additional Information: 18 years or older
- Other Additional Information: Become a member if loan is approved
- Other Additional Information: Have a beneficial interest in the loan
- Other Additional Information: All applications are subject to approval within AMBL credit policy
Bank Fees and Charges
- Loan Establishment Fees - For Mortgage Loans (Upfront), Amount: 250.00.
- Certificate Of Title Production (Upfront), Amount: 50.00.
- Mortgage Discharge Processing Fee (Upfront), Amount: 180.00.
- Consent For Second Mortgage (Upfront), Amount: 200.00. Additional Information: Credit and loan fees and Charges
- Switching Fee For Switching Your Australian (Upfront), Amount: 300.00. Additional Information: Switching fee for switching your Australian Mutual Bank home loan to another loan type (except at the end of the fixed rate period)
Limitations & Restrictions (Constraints)
- Min Balance of 50000.00
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