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Full Feature Home LoanAll you'll ever need in a home loan Meet with a home loan expert Have us call you Interest rate p.a. 6.96% Comparison rate* p.a. A nominal interest rate incorporating certain fees and charges to help consumers identify and compare the true cost of a home loan 7.03% Ideal for: Owner-occupiers, first home buyers, refinancers Deposit your salary and you could reduce your loan faster Easy access to available redraw - debit card, ATM, cheque access – with 25 free transactions per month Discounted interest rate under Value Advantage Package. Details Fees Flexible Features Scenario Interest rate p.a. 6.96% Comparison rate* p.a. A nominal interest rate incorporating certain fees and charges to help consumers identify and compare the true cost of a home loan7.03% Minimum loan size Minimum loan size to be borrowed$15,000 Maximum loan size Maximum loan size to be borrowedNo maximum Owner Occupier Max LVR The maximum loan to value ratio ("LVR") means the amount you can borrow expressed as a percentage of the security (property) value. For example, 90% LVR means you can borrow up to 90% of the value of the property (Refer Credit Guidlines for full details) 95%1 Investor Max LVR The maximum loan to value ratio ("LVR") means the amount you can borrow expressed as a percentage of the security (property) value. For example, 90% LVR means you can borrow up to 90% of the value of the property (Refer Credit Guidlines for full details) 95%2 Redraw A redraw facility allows you access to the available funds (if any) in your home loanYesNo minimum Loan Splitting Splitting the loan into two (or more) accounts, usually one part at a fixed interest rate and the other at a variable interest rateYesMinimum $15,000 Interest Only payments The borrower elects to make repayments covering the interest charged only and not on the principal. The interest only period is usually limited to a maximum of 5 or 10 years depending on the home loan type and term selected by the customerYes1 to 5 year and 10 year4 option Interest Capitalisation The act of adding any interest charged, and not repaid, onto the loan (the capital). Interest is then calculated on this new 'capitalised' amountNo Weekly/Fortnightly/Monthly Payments Weekly: Yes Fortnightly: Yes Monthly: Yes Extra payments Yes- no minimum Deposit methods6Direct Debit, Salary Credit, BPAY®, Bank@Post, myRAMS Loan fixing No- at origination Yes- Post settlement Fee - $295 Loan switching You can 'switch' your loan's variable interest rate to a fixed interest rate (subject to the terms and conditions of the loan)First year: convert to any Low Doc loan; after 2 yrs convert to any product. Conversion Fee - $295 Conversion fee - $295 Repayment Holiday If you've built up enough of a buffer on your home loan through making extra repayments you can take a temporary 'repayment holiday' until such time as you are no longer in front in your loan repaymentsYes Debit card10 & chequebook A debit card gives you access to the available redraw in your home loan via ATMs or Bank@PostYes Limited Genuine Savings Option Yes Value Advantage Package Eligibility Yes ATM11/EFTPOS & cheque access free transactions Yes25 free per month After 25 transactions these fees apply: $2.00 for ATM, $0.65 for EFTPOS and $0.90 for cheques. Statement frequency Every 3 months (monthly available) RAMS Risk fee Payable by Customer LVR.80% or >$1.5m LVR>70% and $1.5m<=$3.5m LVR>60% and >$3.5m Capitalisation of Risk Fee up to Lender's Mortgage Insurance (RAMS Risk Fee) can be added to the total loan amount up to the maximum loan to value ratio97% Application fee Fees charged to cover or partially cover the lender's costs of processing a loan approval for a home buyer$595 Valuation fee First valuation is free! $150 for each additional valuation. Account keeping feeNo servicing fee Discharge fee $295 per loan (plus legal costs) Loan settlement fee $275 Value Advantage Package Take out a RAMS Value Advantage Package and save $$$ each year Take out a RAMS Value Advantage Package, and save $$$ each year with a discount on your home loan interest rate. More details Deposit Bond Arrange a deposit without touching your savings Obtaining a Deposit Bond through RAMS could help you secure your dream home by providing you with an alternative to finding a cash deposit before settlement. A Deposit Bond acts as a guarantee to the vendor, allowing the purchaser to pay the deposit amount (together with the balance of the purchase price) on the day of settlement (rather than funding a deposit up front/on exchange). In addition, a deposit bond could also save you the costs of obtaining bridging finance in order to pay your deposit. More details Fast Track Buy your first home sooner and save on mortgage insurance The support of family is priceless and when they’re happy to act as guarantors on your property purchase, they could help you buy your home quicker than you thought and save you thousands in mortgage insurance. More details Construction Option8 Looking to build or renovate? For customers who intend to purchase land and build a new home, RAMS has developed a feature called 'RAMS Construction Option' which can be adopted on many RAMS full and low doc home loans. More details Lifestyle Option Defer your home loan repayments for up to 6 months Life is full of challenges. Some are welcome and others are more of a surprise. Either way, you may need extra support to get through any such challenging times.RAMS Lifestyle Option allows you to defer repayments on your loan for up to 6 months – twice during the life of the loan. It’s our way of helping out. Conditions and fees apply so talk to a RAMS Home Loan Specialist to see how we can help. More details Bridging Loan Bridge the gap between your old and new property RAMS Bridging Option could be just what you need to assist with the purchase of a new property whilst you’re in the process of selling an existing property. It eases the strain of purchasing your new property by bridging the finance gap whilst you wait to receive proceeds from the sale of your existing property. More details Hypothetical scenario Tanya and Matt are two professionals, who have just bought a house for $900,000. They had a deposit of $500,000 after selling their last home. They have separate bank accounts and special savings accounts for holidays. They’re upgrading as they need a house with an extra room for the baby that’s on its way. This also means they have a few expenses coming. The RAMS solution After talking to their RAMS Home Loans Specialist, Matt and Tanya discovered the RAMS Full Feature Home Loan would be the best loan for them. With the Full Feature Home Loan, Matt and Tanya could put both their salaries into their home loan. This means their savings are reducing their home loan and the amount of interest calculated on it, the interest saving would be a lot more than the interest they earned in their savings accounts. Their RAMS Home Loans Specialist also told them about the Value Advantage Package that they qualified for which could save them even more. With the same access as a savings account – such as a chequebook, ATM and debit cards – they won’t need separate accounts. With the money they are saving they could start spending on prams, cots and all the things they need to turn their new house into a family home. Save or share Print Email Bookmark Share You might also consider... Full Feature Home Loan All you'll ever need in a home loan Interest rate p.a. 6.96% A nominal interest rate incorporating certain fees and charges to help consumers identify and compare the true cost of a home loan Comparison rate 7.03% Compare Low Rate Home Loan No fuss, no frills, low rate Interest rate p.a. 6.15% with introperiod A nominal interest rate incorporating certain fees and charges to help consumers identify and compare the true cost of a home loan Comparison rate 6.47% Compare Fixed Rate Home Loan The easy way to fix your loan Interest rate p.a. 6.19% A nominal interest rate incorporating certain fees and charges to help consumers identify and compare the true cost of a home loan Comparison rate 7.44% Compare Talk to us to find out more Meet with a home loan expert Have us call you Frequently asked questions How do I apply for a loan?Am I eligible for a RAMS home loan?How do I claim a First Home Owners' Grant?How much deposit do I need?How much Stamp Duty can I expect to pay? Why Choose RAMS? Great rates Award winning Leading Australian Non-Bank lender Real choice and better value DISCLAIMER: New loans only. Fees, charges, conditions and limitations apply. Subject to RAMS normal lending criteria. Warning: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. 1. Maximum 95% LVR on purchase price (or valuation if lower). If LVR>85%, evidence of 5% genuine savings required (excludes Limited Genuine Savings). Ability to cover transaction costs and funds to complete purchase, if any, required. Subject to loan serviceability. 2. If LVR >90%, applicant must hold 10% equity in other residential real estate or income earning investments and subject to loan serviceability. 3. Value Advantage Package available on selected loans for customer with total RAMS borrowings of $150,000 or more. Refer to the Value Advantage Package Brochure for Terms and Conditions. 4. 10 year IO option available for investment purposes only. 6. BPAY® available for extra repayments only, not scheduled loan repayments. ® Registered to BPAY Pty Ltd ABN 69 079 137 518. 8. First Drawdown must occur within 6 months of settlement with the loan totally drawn down within 12 months. 9. If your loan has been approved by RAMS without you providing Genuine Savings (Limited Genuine Savings) the maximum loan is $750,000 with restriction on converting to another home loan within the first 2 years. Fast Track and Interest Only In Advance Options unavailable. 10. Debit Card not available to Company Borrowers. 11. Free ATM Transactions relate to Westpac, St.George, Bankof Melbourne & BankSA branded ATMs only. Other Institutions may charge a fee for use of their ATMs, payable in addition to fee for transactions over free threshold. Direct charging fee payable to owner of ATM when you use a non Westpac, St.George, Bank of Melbourne & BankSA branded ATM.
Interest rate p.a. 6.96% Comparison rate* p.a. A nominal interest rate incorporating certain fees and charges to help consumers identify and compare the true cost of a home loan7.03% Minimum loan size Minimum loan size to be borrowed$15,000 Maximum loan size Maximum loan size to be borrowedNo maximum Owner Occupier Max LVR The maximum loan to value ratio ("LVR") means the amount you can borrow expressed as a percentage of the security (property) value. For example, 90% LVR means you can borrow up to 90% of the value of the property (Refer Credit Guidlines for full details) 95%1 Investor Max LVR The maximum loan to value ratio ("LVR") means the amount you can borrow expressed as a percentage of the security (property) value. For example, 90% LVR means you can borrow up to 90% of the value of the property (Refer Credit Guidlines for full details) 95%2 Redraw A redraw facility allows you access to the available funds (if any) in your home loanYesNo minimum Loan Splitting Splitting the loan into two (or more) accounts, usually one part at a fixed interest rate and the other at a variable interest rateYesMinimum $15,000 Interest Only payments The borrower elects to make repayments covering the interest charged only and not on the principal. The interest only period is usually limited to a maximum of 5 or 10 years depending on the home loan type and term selected by the customerYes1 to 5 year and 10 year4 option Interest Capitalisation The act of adding any interest charged, and not repaid, onto the loan (the capital). Interest is then calculated on this new 'capitalised' amountNo Weekly/Fortnightly/Monthly Payments Weekly: Yes Fortnightly: Yes Monthly: Yes Extra payments Yes- no minimum Deposit methods6Direct Debit, Salary Credit, BPAY®, Bank@Post, myRAMS Loan fixing No- at origination Yes- Post settlement Fee - $295 Loan switching You can 'switch' your loan's variable interest rate to a fixed interest rate (subject to the terms and conditions of the loan)First year: convert to any Low Doc loan; after 2 yrs convert to any product. Conversion Fee - $295 Conversion fee - $295 Repayment Holiday If you've built up enough of a buffer on your home loan through making extra repayments you can take a temporary 'repayment holiday' until such time as you are no longer in front in your loan repaymentsYes Debit card10 & chequebook A debit card gives you access to the available redraw in your home loan via ATMs or Bank@PostYes Limited Genuine Savings Option Yes Value Advantage Package Eligibility Yes ATM11/EFTPOS & cheque access free transactions Yes25 free per month After 25 transactions these fees apply: $2.00 for ATM, $0.65 for EFTPOS and $0.90 for cheques. Statement frequency Every 3 months (monthly available) RAMS Risk fee Payable by Customer LVR.80% or >$1.5m LVR>70% and $1.5m<=$3.5m LVR>60% and >$3.5m Capitalisation of Risk Fee up to Lender's Mortgage Insurance (RAMS Risk Fee) can be added to the total loan amount up to the maximum loan to value ratio97%
Interest rate p.a. 6.96% Comparison rate* p.a. A nominal interest rate incorporating certain fees and charges to help consumers identify and compare the true cost of a home loan7.03% Minimum loan size Minimum loan size to be borrowed$15,000 Maximum loan size Maximum loan size to be borrowedNo maximum Owner Occupier Max LVR The maximum loan to value ratio ("LVR") means the amount you can borrow expressed as a percentage of the security (property) value. For example, 90% LVR means you can borrow up to 90% of the value of the property (Refer Credit Guidlines for full details) 95%1 Investor Max LVR The maximum loan to value ratio ("LVR") means the amount you can borrow expressed as a percentage of the security (property) value. For example, 90% LVR means you can borrow up to 90% of the value of the property (Refer Credit Guidlines for full details) 95%2 Redraw A redraw facility allows you access to the available funds (if any) in your home loanYesNo minimum Loan Splitting Splitting the loan into two (or more) accounts, usually one part at a fixed interest rate and the other at a variable interest rateYesMinimum $15,000 Interest Only payments The borrower elects to make repayments covering the interest charged only and not on the principal. The interest only period is usually limited to a maximum of 5 or 10 years depending on the home loan type and term selected by the customerYes1 to 5 year and 10 year4 option Interest Capitalisation The act of adding any interest charged, and not repaid, onto the loan (the capital). Interest is then calculated on this new 'capitalised' amountNo Weekly/Fortnightly/Monthly Payments Weekly: Yes Fortnightly: Yes Monthly: Yes Extra payments Yes- no minimum Deposit methods6Direct Debit, Salary Credit, BPAY®, Bank@Post, myRAMS Loan fixing No- at origination Yes- Post settlement Fee - $295 Loan switching You can 'switch' your loan's variable interest rate to a fixed interest rate (subject to the terms and conditions of the loan)First year: convert to any Low Doc loan; after 2 yrs convert to any product. Conversion Fee - $295 Conversion fee - $295 Repayment Holiday If you've built up enough of a buffer on your home loan through making extra repayments you can take a temporary 'repayment holiday' until such time as you are no longer in front in your loan repaymentsYes Debit card10 & chequebook A debit card gives you access to the available redraw in your home loan via ATMs or Bank@PostYes Limited Genuine Savings Option Yes Value Advantage Package Eligibility Yes ATM11/EFTPOS & cheque access free transactions Yes25 free per month After 25 transactions these fees apply: $2.00 for ATM, $0.65 for EFTPOS and $0.90 for cheques. Statement frequency Every 3 months (monthly available) RAMS Risk fee Payable by Customer LVR.80% or >$1.5m LVR>70% and $1.5m<=$3.5m LVR>60% and >$3.5m Capitalisation of Risk Fee up to Lender's Mortgage Insurance (RAMS Risk Fee) can be added to the total loan amount up to the maximum loan to value ratio97%
Application fee Fees charged to cover or partially cover the lender's costs of processing a loan approval for a home buyer$595 Valuation fee First valuation is free! $150 for each additional valuation. Account keeping feeNo servicing fee Discharge fee $295 per loan (plus legal costs) Loan settlement fee $275
Application fee Fees charged to cover or partially cover the lender's costs of processing a loan approval for a home buyer$595 Valuation fee First valuation is free! $150 for each additional valuation. Account keeping feeNo servicing fee Discharge fee $295 per loan (plus legal costs) Loan settlement fee $275
Value Advantage Package Take out a RAMS Value Advantage Package and save $$$ each year Take out a RAMS Value Advantage Package, and save $$$ each year with a discount on your home loan interest rate. More details Deposit Bond Arrange a deposit without touching your savings Obtaining a Deposit Bond through RAMS could help you secure your dream home by providing you with an alternative to finding a cash deposit before settlement. A Deposit Bond acts as a guarantee to the vendor, allowing the purchaser to pay the deposit amount (together with the balance of the purchase price) on the day of settlement (rather than funding a deposit up front/on exchange). In addition, a deposit bond could also save you the costs of obtaining bridging finance in order to pay your deposit. More details Fast Track Buy your first home sooner and save on mortgage insurance The support of family is priceless and when they’re happy to act as guarantors on your property purchase, they could help you buy your home quicker than you thought and save you thousands in mortgage insurance. More details Construction Option8 Looking to build or renovate? For customers who intend to purchase land and build a new home, RAMS has developed a feature called 'RAMS Construction Option' which can be adopted on many RAMS full and low doc home loans. More details Lifestyle Option Defer your home loan repayments for up to 6 months Life is full of challenges. Some are welcome and others are more of a surprise. Either way, you may need extra support to get through any such challenging times.RAMS Lifestyle Option allows you to defer repayments on your loan for up to 6 months – twice during the life of the loan. It’s our way of helping out. Conditions and fees apply so talk to a RAMS Home Loan Specialist to see how we can help. More details Bridging Loan Bridge the gap between your old and new property RAMS Bridging Option could be just what you need to assist with the purchase of a new property whilst you’re in the process of selling an existing property. It eases the strain of purchasing your new property by bridging the finance gap whilst you wait to receive proceeds from the sale of your existing property. More details
Value Advantage Package Take out a RAMS Value Advantage Package and save $$$ each year Take out a RAMS Value Advantage Package, and save $$$ each year with a discount on your home loan interest rate. More details Deposit Bond Arrange a deposit without touching your savings Obtaining a Deposit Bond through RAMS could help you secure your dream home by providing you with an alternative to finding a cash deposit before settlement. A Deposit Bond acts as a guarantee to the vendor, allowing the purchaser to pay the deposit amount (together with the balance of the purchase price) on the day of settlement (rather than funding a deposit up front/on exchange). In addition, a deposit bond could also save you the costs of obtaining bridging finance in order to pay your deposit. More details Fast Track Buy your first home sooner and save on mortgage insurance The support of family is priceless and when they’re happy to act as guarantors on your property purchase, they could help you buy your home quicker than you thought and save you thousands in mortgage insurance. More details Construction Option8 Looking to build or renovate? For customers who intend to purchase land and build a new home, RAMS has developed a feature called 'RAMS Construction Option' which can be adopted on many RAMS full and low doc home loans. More details Lifestyle Option Defer your home loan repayments for up to 6 months Life is full of challenges. Some are welcome and others are more of a surprise. Either way, you may need extra support to get through any such challenging times.RAMS Lifestyle Option allows you to defer repayments on your loan for up to 6 months – twice during the life of the loan. It’s our way of helping out. Conditions and fees apply so talk to a RAMS Home Loan Specialist to see how we can help. More details Bridging Loan Bridge the gap between your old and new property RAMS Bridging Option could be just what you need to assist with the purchase of a new property whilst you’re in the process of selling an existing property. It eases the strain of purchasing your new property by bridging the finance gap whilst you wait to receive proceeds from the sale of your existing property. More details
Hypothetical scenario Tanya and Matt are two professionals, who have just bought a house for $900,000. They had a deposit of $500,000 after selling their last home. They have separate bank accounts and special savings accounts for holidays. They’re upgrading as they need a house with an extra room for the baby that’s on its way. This also means they have a few expenses coming. The RAMS solution After talking to their RAMS Home Loans Specialist, Matt and Tanya discovered the RAMS Full Feature Home Loan would be the best loan for them. With the Full Feature Home Loan, Matt and Tanya could put both their salaries into their home loan. This means their savings are reducing their home loan and the amount of interest calculated on it, the interest saving would be a lot more than the interest they earned in their savings accounts. Their RAMS Home Loans Specialist also told them about the Value Advantage Package that they qualified for which could save them even more. With the same access as a savings account – such as a chequebook, ATM and debit cards – they won’t need separate accounts. With the money they are saving they could start spending on prams, cots and all the things they need to turn their new house into a family home.