|
| 100% Loan |
|
With a Yes Finance Corporation you can borrow 100% of
the purchase price. All you need, are the additional
funds to cover transaction costs such as legal fees and
any statutory charges such as stamp duty...
Unlike many of the other lenders, a Yes Finance
100% loan option is available across many of our
competitive home loans. This makes the process of
finding a home loan that is most suitable to your needs,
so much simpler than before.
The key benefits
are that you will not need to save for a deposit as no
genuine savings are required, you can use the First Home
Owners Grant or a gift towards your transaction costs,
it doesn't effect your eligibility for the First Home
Owners Grant and we do not charge a higher interest rate
if you borrow 100%. |
| |
| Features |
|
100%
Loan |
| Minimum Loan Amount |
|
$50,000 |
| Maximum Loan
Amount |
|
Up to $1,200,000 |
| Maximum
LVR: |
|
- 100% up to $750,000 (regulated purchase
only)
- 90% to $1,000,000 (regulated purchase only)
- 80% to $1,200,000 (regulated purchase only)
|
| LMI premium payable by: |
|
Yes Finance < 80% LVR |
| Interest Only Option |
|
1-5 years (max LVR 90%) |
| Fixed Interest Option |
|
1-5 years |
| Minimum Loan Term |
|
15 years |
| Maximum Loan Term |
|
30 years |
| Redraw |
|
Yes |
| Split Loan |
|
Yes (minimum $10,000) |
| Inward Direct Debits |
|
yes |
| Inward Direct Credits |
|
yes |
| Internal Portion Transfers
|
|
yes (if a split loan) |
| Deposit Book Payments in:
|
|
yes |
| Inward Pay |
|
yes |
| 3rd Party Direct Debits Out:
|
|
yes |
| Outward Cheques: |
|
yes (if LOC split exists) |
| Loan Access System: |
|
yes |
| Monthly Fee: |
|
N/A | |
| |
 |
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