Share
RAMS Standard Variable
A standard home loan with no account keeping fee
The RAMS Standard Variable Home Loan is a standard variable rate home loan account for loans of $50,000 or more. It has no account keeping fee and includes extra features such as free redraw.
Product Key Benefits:
- Borrow up to 95%1 of the purchase price (or valuation if lower)
- Up to 5 years interest only repayments
- Make extra repayments of $500 or more at anytime
- Free redraw of $100 or more
- RAMS Fast Track No cash deposit option
- Lifestyle Option available
Scenario
The Problem:
Mark and Rose are buying a unit for $160,000 and borrowing $128,000. They want to pay their salaries directly into their home loan account and use any overpayments to reduce their loan balance. They need a redraw facility to access the money they need for their other living expenses on a day-to-day basis.
The Solution:
A RAMS Standard Variable Home Loan is well suited to Mark and Rose’s needs. They can pay their salaries directly into their home loan and make extra repayments of $500 or more at any time to reduce their outstanding loan balance.
Interest is accrued daily, so every day they have extra funds in their account, they’ll be charged less interest. Plus they can access their extra payments when they want to, through the free redraw facility and withdraw as little as $100 at a time, without charge.
"RAMS can, so you can"
