||$100,000 up to $5,000,000.
||30 years, shorter loan periods can be requested post settlement.
|Maximum 'Loan to Value Ratio' (LVR)
||Up to 95% including Lenders Mortgage Insurance. Maximum loan to value ratio varies with loan amount; purpose and repayment type.
||Purchase, refinance or construction of home or investment property. Vacant land without the immediate intention to build is not permitted.
|Number of accounts
||Following loan settlement, there is no limit to the number of account that can be set up under the Empower Package. Prior to settlement, a limit of 6 loan accounts applies.
||Up to 2 100% offset accounts can be linked to your loan (variable rate accounts only).
|Global borrowing limit
||Principal and Interest or Interest Only payments for up to the first 5 years.
|Additional payments (variable accounts)
||Unlimited, without cost.
|Option to fix
||All or part of the loan can be fixed at any time without cost. Fixed rate terms are available from 1 through to 5 years.
||A free rate lock is offered on all fixed rate applications to protect you from interest rate movements between formal approval and settlement. Rate is only locked once your loan is formally approved and settlement needs to take place within 90 days of loan contract date.
|Additional payments (fixed accounts)
||Up to $10,000 permitted each year without incurring break costs
||Available, suitable for residential/domestic purposes only, no development finance.
|Family guarantee option
||Available, an immediate family member can support your loan application using the equity in their home via a limited guarantee.
- ATM & EFTPOS access via Debit Mastercard. Free access to all domestic ATM's including the rediATM network.*
- Online and mobile banking.
- Redraw available (variable accounts only), fee free via electronic banking, fees apply for manual redraw.
- Loan payments can be made via Direct Debit & Salary Credit.
- Bpay, Pay Anyone, periodic payments are available via Internet banking.
*where a non-rediATM operator in Australia chargers a fee for a withdrawal or balance enquiry made with this debit Mastercard, that fee will be rebated.
Rates vary according to loan purpose, LVR and repayment type as summarised below.
Variable rates (LVR)
||Comparison rate ^
||4.00% p.a. ^
||4.10% p.a. ^
||4.30% p.a. ^
||4.50% p.a. ^
* Different rates apply for larger loan sizes and for investment purposes. If this is the case for you, please refer to the rate tool below.
||Comparison rate ^
|Fixed 1 Year
||3.87% p.a. ^
|Fixed 2 Years
||3.89% p.a. ^
|Fixed 3 Years
||3.91% p.a. ^
|Fixed 4 Years
||4.06% p.a. ^
|Fixed 5 Years
||4.15% p.a. ^
Important: Interest rates are with an LVR of up to 80%. Different rates apply for higher and lower Loan to Value ratios, loan purposes and repayment types. Comparison rates for fixed rates are quoted for the Empower Home Loan as an offset account is not valid for fixed rate accounts. For further details, please refer to the Comparison Rate Schedule or the rate tool below.
||$330 Plus GST**
||Nil (single property, terms and conditions apply)
|Account management fee
||$248 per annum ($124 collected every 6 months in arrears)
|Mortgage discharge fee
|Construction administration fee
Other fees are payable, full details covered in mortgage documentation.
Other terms and conditions
^ Comparison rate based on a $150,000 loan amount over 25 years. Warning: This rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
For fixed rate and comparison rate quoted please refer to the Comparison Rate Schedule.
All lending rates quoted on this website are for new owner-occupied applications only (unless otherwise stated). Existing customers should always refer to their loan contract or internet banking / customer service for their current rates, terms and conditions.
The above rates are subject to change. Fees and charges are payable. Terms and conditions are available from your local branch.
Yellow Brick Road Finance Pty Limited ACN 128 708 109, Australian Credit Licence 393195. Yellow Brick Road Wealth Management Pty Limited ACN 128 650 037, AFSL 323825.