Powerloan Product Breakdown:

Power Premium

Fully featured loan with variable or fixed rates, direct card, direct debit and direct credit facilities.

Options

• Variable rate
• Fixed rate
• Principle and Interest
• Interest-Only – 1 to 10 years
• Split facilities
• Vacant land / Construction option
• Full Documentation and Limited Documentation Programs available

Features

• No account keeping fees
• No ongoing fees
• Unlimited free standard transactions per month
• 6 free non-standard transactions per month
• Direct Salary and Other Income Credits
• BPay Credits
• Optional direct debits
• Debit Card

Power LOC

Line of Credit variable rate loan with interest capitalisation, direct card, cheque book, direct debit and direct credit facilities.

Options

• Variable rate only
• Interest-Only – 5 or 10 years
• Split facilities
• Full Documentation and Limited Documentation Programs available

Features

• No account keeping fees
• No ongoing fees
• Unlimited free standard and non-standard transactions per month
• Direct Salary and Other Income Credits
• BPay Credits
• Cheque book
• Optional direct debits
• Debit Card

True 100% Offset Loan

Product features

• 100% LVR loan available for property purchase
  • Principal and interest; OR
  • 10 year interest only converting to P & I
• Loan Amounts up to $2,000,000 (guide)
• LMI premium paid for saving the borrower thousands
• Direct debit and direct salary crediting available
• 100% offset available to help reduce interest straight away
• VISA debit card available
• Reverts to standard Power offset loan rate after 5 years of good conduct

Transaction offering

• FREE phone, internet, EFTPOS, biller payments and cheque transactions
• Five FREE ATM transactions per month
• Cheque and deposit books
• FREE redraw from loan
• Up to 4 free limit adjustments per annum