Please visit rams.com.au/terms to view FAQs relating to changes to your home loan General Terms.
  • Home loan terms and mortgage definitions

  • Deposit bond

    A deposit bond acts as a substitute for the cash deposit in between signing a contract and settlement and can be issued for all or part of the deposit amount required, up to 10% of the purchase price, if acceptable to the vendor. At settlement, the purchaser is required to pay the full purchase price including the deposit.