|
| What is a debt
Reduction Loan? |
|
A debt Reduction Loan is exactly that. It is
simply consolidating multiple loans into one easy
to budget and easy to pay loan. Ask a YFC Mortgage
Specialist to also show you, a systemized program
to reduce your debt even faster!
If you
have many different loans such as a personal loan,
a credit card debt, a car loan and a home loan,
these may total in excess of $2,500 per month. The
interest rate of all of these loans will vary as
do the fees, charges and due dates. A Debt
Reduction Loan takes all of these debts, and
consolidates them into one loan. This loan will
help save you hassle, and most importantly
interest, and it will allow for you to budget more
easily. |
| |
| Features |
|
Rapid Reduction Loan |
| Minimum Loan Amount |
|
$50,000 |
| Maximum Loan
Amount |
|
$1,000,000 |
| Maximum
LVR: |
|
$10,000 |
| LMI premium
payable by: |
|
Yes Finance pays up to $500,000
& 80% LVR
Borrower over 80% LVR
|
| Interest Only Option |
|
1-5 years |
| Fixed Interest Option
|
|
N/A |
| Minimum Loan Term |
|
25 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
|
|
yes |
| Inward Bpay |
|
yes |
| 3rd Party Direct Debits
Out: |
|
yes |
| Outward Cheques: |
|
yes |
| Loan Access System: |
|
yes |
| Monthly Fee:
|
|
N/A | |
| |
 |
| |
|
