Long term finance comparison table
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Variable interest rate p.a.
|
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|---|---|---|---|---|---|---|---|---|---|
|
Variable
|
7.26% p.a.2 |
8.14% p.a.2 |
4.85% p.a.1 |
On application |
On application
|
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|
Fixed term rates p.a.
|
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|
1 year
|
N/A |
6.22% p.a.3 |
N/A |
On application |
On application |
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|
2 years
|
N/A |
6.28% p.a.3 |
N/A |
On application |
On application |
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|
3 years
|
N/A |
6.48% p.a.3 |
N/A |
On application |
On application |
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|
4 years
|
N/A |
6.65% p.a.3 |
N/A |
On application |
On application |
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|
5 years
|
N/A |
6.87% p.a.3 |
N/A |
On application |
On application |
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|
7 years
|
N/A |
7.12% p.a.3 |
N/A |
N/A |
N/A |
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|
10 years
|
N/A |
7.43% p.a.3 |
N/A |
N/A |
N/A |
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|
Fees
|
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|
Establishment fee
|
$820.00 |
$820.00 for residential security $820.00 + 0.6% of the loan amount where the loan amount is over $100,000 for non-residential security |
$820.00 (+ 0.6% of the loan amount where the loan amount is over $100,000)
|
$820.00 (+ 0.6% of the loan amount where the loan amount is over $100,000)
|
$820.00 (+ 0.6% of the loan amount where the loan amount is over $100,000)
|
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|
Loan service fee
|
$10.00 per month |
$10.00 per month for residentially secured loans $35.00 per month for non-residential security |
$100.00 monthly overdraft facility fee
|
$35.00 per month
|
N/A |
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|
Other fees
|
Transaction fees |
Transaction fees
|
Standard transaction fees for the underlying account
|
Transaction fees Line Fee |
Line Fee applies Rollover Fee $125.00 per bill rollover |
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|
Loan amount
|
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|
Minimum
|
$20,000
|
$20,000
|
$250,000
|
$250,000
|
$250,000
|
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|
Maximum
|
$1,000,000.00
|
No maximum
|
No maximum
|
No maximum
|
No maximum
|
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|
Loan term
|
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|
Minimum
|
No minimum for the BEAL line of credit option 1 year minimum for the BEAL term loan option |
1 year
|
1 year
|
30 days (variable rate) 1 year (fixed rate) |
30 days
|
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|
Maximum
|
Revolving Line of Credit subject to review 7 year maximum for the BEAL term loan option |
25 years (residential security) 15 years (commercial security) 10 years (other security) |
25 years (residential security) 15 years (commercial security) 10 years (other security) |
25 years ( residential security) 15 years (commercial security) 10 years (other security) |
10 years
|
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|
Access
|
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|
Online banking
|
yes | yes | yes | yes | no | ||||
|
Phone banking
|
yes | yes | yes | yes | no | ||||
|
ATM
|
yes | no | yes | no | no | ||||
|
EFTPOS
|
yes | no | yes | no | no | ||||
|
Branch
|
yes | yes | yes | yes | yes | ||||
|
Cheque book
|
yes | no | yes | no | no | ||||
|
Redraw
|
yes | yes | yes | yes | no | ||||
|
Repayment options
|
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|
Interest only
|
yes | yes | yes | yes | yes | ||||
|
Principal and interest
|
yes | yes | yes | yes | yes | ||||
|
Principal, interest plus fees
|
yes | yes | yes | yes | no | ||||
|
Interest only in advance
|
no |
Yes, fixed rate |
no |
Yes, fixed rate |
Yes, fixed rate
|
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|
Flexibility to vary repayments (variable rate only)
|
yes | yes | yes | yes | yes | ||||
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Repayment frequency
|
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|
Weekly and fortnightly
|
yes | yes | yes | yes | no | ||||
|
Monthly and quarterly
|
yes | yes | yes | yes |
Yes, at rollover
|
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|
Half yearly and annually (for principal only)
|
yes | yes | yes | yes |
Yes, at rollover
|
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Things you should know
- Any application for finance will be subject to the Bank's normal lending criteria.
- 1.Rates:
- -are variable
- -are current as at 21 May 2012
- -are changed weekly
- -shown as base rate only, a margin may apply..
- 2.Rates are:
- -variable
- -current as at 14 May 2012
- -shown as base rate only, a margin may apply.
- 3.Rates:
- -are fixed
- -are current as at 21 May 2012
- -are shown as base rate only, a margin may apply.
- At the end of the fixed rate period the interest rate will convert to the applicable variable rate unless otherwise indicated.
