• Full feature home loan

    A home loan with loads of features - offering the ultimate in flexibility, lifestyle options and a competitive rate, we’re confident our RAMS full feature home loan has all you’ll probably need in a mortgage.

     
  • Three reasons to choose this loan

     

    Save money by depositing your salary into the 100% offset transaction account

     
     

    Easy access to redraw on your home loan

     
     

    Potential to save on fees and discounted interest rate with our Value Advantage Package (conditions apply).

     



    • Interest rates - owner occupier (principal and interest)

      Interest rate p.a.

      Comparison rate* p.a.

      5.20
      5.27

      Interest rates - investor (principal and interest)

      Interest rate p.a.

      Comparison rate* p.a.

      5.45
      5.52
    • DISCLAIMER:

      *Please note: The comparison rate for the relevant product is based on a loan of $150,000 over a term of 25 years. 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.

    • Minimum loan size

      $15,000

      Maximum loan size

      No maximum

      Owner Occupier Max LVR

      (Refer Credit Guidlines for full details)

      95%1 Principal and interest loan
      95%1 Construction loan
      90%1 Interest only loan

      Investor Max LVR

      (Refer Credit Guidlines for full details)

      90%2

      Redraw

      Yes
      No minimum

      Loan Splitting

      Yes

      Minimum $15,000

       

      Interest Only payments

      Yes
      1 to 5 year and 10 year3option

      Interest Capitalisation

      No

      Weekly/Fortnightly/Monthly Payments

      Weekly: Yes
      Fortnightly: Yes
      Monthly: Yes

      Extra payments

      Yes- no minimum

      Deposit methods6

      Direct Debit, Salary Credit, BPAY®4, Bank@Post, myRAMS^

      Loan fixing

      No- at origination

      Yes- Post settlement

      Fee - $295

      Loan switching

      Convert to any Full Doc product. 

      Conversion fee - $295

      Repayment Holiday

      Yes

      Debit card10 & chequebook

      Yes

      Tier 2 Genuine Savings Option#

      Yes

      Value Advantage Package Eligibility3

      Yes

      ATM11/EFTPOS & cheque access free transactions

      Yes

      25 free per month

      After free transactions: $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

      When LVR is over 80%

      Capitalisation of Risk Fee up to

      98.5% if principal and interest loan and security property is owner occupied11
      97% where construction option is used and security property is owner occupied11
      90% interest only loan or security includes investment property11

    • DISCLAIMER:

      New loans only. Fees, charges, conditions and limitations apply. Subject to RAMS normal lending criteria.

      ^myRAMS is not available to Companies and Trusts and is subject to systems availability.

      1 Maximum LVR on purchase price (or valuation if lower) of up to 95% for principal and interest (P&I) loans and interest only (IO) construction loans.  Maximum LVR on purchase price (or valuation if lower) of up to 90% for non construction interest only loans. Funds to cover transaction costs required. Lenders mortgage insurance applies when LVR is >80%. If LVR >85%, evidence of 5% genuine savings required.  2 Maximum LVR of up to 90% on purchase price (or valuation if lower).  Funds to cover transaction costs required.  LMI applies when LVR is over 80%. 3 10 year IO option available for investment purposes only. 4 ®Registered to BPAY Pty Ltd ABN 69 079 137 518.  5 Not applicable on this product.6 Debit card not available to company borrowers. 7 If the loan has been approved by RAMS without you providing Genuine Savings (under Tier 2 Genuine Savings) there are restrictions on eligible products when converting to another home loan within the first two years. 8 Value Advantage Package available on selected loans for customer with total RAMS eligible borrowings of $150,000 or more. Refer to the Value Advantage Package Brochure for Terms and Conditions. 9 Free ATM Transactions relate to RAMS ATM alliance including Westpac, St.George (excluding St.George ATMs in BP Service Stations), Bank of Melbourne and BankSA branded ATMs only. Other institutions may charge a fee for use of their ATMs, payable in addition to any fee for transactions over free threshold.10 The RAMS Risk Fee is charged because of the increased risk to us due to the high LVR. Whether a Lender's Mortgage Insurance premium or a RAMS Risk Fee is payable will depend on the individual application. 11 5% deposit and funds to cover transaction costs are also required. Not available on some property types, loan purposes or locations and other conditions apply. 98.5% LVR is for full doc loans (except construction loans) with P&I repayments where the security property is owner occupied. The 98.5% LVR is made up of a maximum LVR of 95% plus up to a further 3.5% to contribute to LMI or RAMS Risk Fee capitalisation. 97% LVR is for full doc loans for construction with either IO or P&I repayments, where security property is owner occupied. The 97% LVR is made up of a maximum LVR of 95% plus up to a further 2% to contribute to Lender's Mortgage Insurance or RAMS Risk Fee capitalisation.  90% LVR is for full doc loans where the security property is investment or the repayments are IO (except construction).  The 90% LVR is made up of a maximum LVR of 90% including any LMI capitalisation. 

      Value Advantage Package Conditions apply and are available at RAMS.com.au. Available for customers with total RAMS borrowings of $150,000 or more. No discounts apply where total customer borrowings is less than $150,000, and no interest rate discounts apply to an eligible loan while the interest rate is fixed. Total Customer Borrowings is calculated as the total credit limit for each existing RAMS home loan and any new RAMS home loan being applied for, however the discount only applies to the new eligible loan. There is no limit on the number of new eligible variable rate loans within a RAMS Value Advantage Package that can receive an interest rate discount. Annual fee, currently $375, applies. Unless we tell you otherwise, Package benefits cannot be taken in conjunction with, or in addition to other special offers, negotiated rates or discounts.

    • 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!

      $220 for each additional valuation.

      Account keeping feeNo servicing fee
      Discharge fee $295 per loan account (plus legal and other associated costs incurred by us)
      Loan settlement fee $285


      • 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


      • 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


      • You could 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


      • 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


      • You could 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


      • 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


      • Reduce the amount of interest you pay on your loan

        A Mortgage Offset arrangement links your Variable Rate loan with an Offset Deposit account, so that money you hold in your deposit account can reduce the amount of interest you pay on your loan.

        The more money you have in your offset account, the less interest you pay.

        More details

    • Thanks to some diligent saving and an unexpected small inheritance, professional couple Tanya and Matt found themselves with a deposit of almost $150,000 to go ‘shopping’ for their first home.

      Plus, they had a baby coming, so it had to be a home that would meet their growing needs.

      Financially, they’d operated separate bank accounts, but had a combined savings account for holidays. 

      RAMS says …

      After talking to their RAMS home loan specialist, Matt and Tanya decided the RAMS Full Feature home loan would be their best option. 

      It meant they could deposit both salaries into the loan’s offset account, which helps reduce their loan interest.

      Tanya and Matt also qualified for the Value Advantage Package too, where further interest savings and fee exemptions were available. 

      And with the loan’s transaction account inclusions, such as optional debit card giving them ATM access, and myRAMS^ convenience, the couple no longer needed to operate separate accounts.