HOUSING LOAN
to allow applicants to purchase an established home for own occupation, construct a house on own land for own occupation, purchase vacant residential land or complete renovations / improvements to an existing own house property
Features & Benefits
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Amount: Minimum $10,000 | Maximum restricted to single transaction limit by CBS
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Term: Maximum term 25 years plus personal guarantees where appropriate
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Principal & Interest repayments monthly, fortnightly or weekly
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For construction, interest only to be considered with P&I to commence thereafter
Interest Rates
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Variable
Fees
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LAF 2%
Opening Requirements
Supporting Documentation Checklist
Please provide the following information depending on your circumstances
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Salary/Wage earners
- last 3 payslips
- letter from your employer stating your annual gross salary and details of any deductions
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Self Employed
- previous 3 years of accountant prepared financial statements
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Rental Income
- a copy of the lease agreement
- a copy of the bank statement (12 months) showing receipt of rental payment
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All applicants
- last 12-month bank statements of any account being refinanced/repaid from the current request
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For property purchases
- a copy of the signed and dated Purchase and Sale Agreement
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For loans secured by real estate
- full property description (lot/plan No's etc)
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For loans secured by guarantees
- signed application form from the guarantor(s)
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Photo Identification
- please provide a recent passport size photo of all borrowers and guarantors
Important Documents
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Housing Loan Terms & Conditions
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Personal Banking Terms & Conditions