Portfolio Loan Fee Matrix
- Establishment Costs
- Additional Establishment Costs
- Building Loan Sub-Account Fees
- Monthly Annual Fees
- Switch/Conversion Fees
- Fees for Other Services
- Discharge Fees
- Early Repayment Fees
- Transaction Fees
- Other Charges
| Establishment Costs | |
| Portfolio Loan establishment fee | $700 includes bank legal fees for one new security property and any number of existing securities, one valuation fee and cost of the first sub-account. |
| Low Doc Portfolio Loan establishment fee | $750 includes bank legal fees for one new security property and any number of existing securities, one valuation fee and cost of the first sub account. |
| Increase Credit Limit Request | $500 Includes bank legal fees for any number of existing securities. Includes valuation fee for the primary security property only whether required or not. |
| Settlement Processing Fee | $100 |
| Additional Establishment Costs | |||||||
| Additional sub-account fee | $100 per additional sub-account | ||||||
| Rate Lock Fees | 0.15% of the loan amount or $500, whichever is higher | ||||||
| Additional Bank legal fees | |||||||
| Additional Security Fee | $100 per security | ||||||
| Where any of the security offered is Qualified Title, Old Systems Title (NSW only) or Company Title | $205 per security | ||||||
| Where any of the security offered involves a Guarantee, Trustee or Priority Agreement | $205 per guarantee/trustee $102.50 per priority agreement |
||||||
| Additional Valuation fees | |||||||
| Valuation fee | Nil | ||||||
| Valuer's Travelling Allowance (round trip from valuer's place of business) |
|
||||||
| Building Loan Sub-Account Fees | |
| The following fees apply in addition to normal loan establishment costs | |
| Inspection Fee - Contract Builder | $102.50 |
| Progress Payment Administration Fee | $250 |
| Monthly or Annual fees | |
| Monthly fees | |
| Portfolio Loan sub-account | $14 (per month per sub-account) |
| Low Doc Portfolio Loan sub-account | $17 (per month per sub-account) |
| OR | |
| Annual Fees | |
| Portfolio Loan annual fee | $200 per annum |
| Low Doc Portfolio Loan annual fee | $250 per annum |
| Switch/Conversion Fees | |
| Standard mortgage loan switching to Portfolio Loan or Low Doc Portfolio Loan | $500.00 |
| Repayment Pause (switch) fee (not applicable to Low Doc Portfolio Loan) | $500.00 |
|
The switch/conversion fees quoted above -
|
|
| Portfolio Loan switching to a standard mortgage product | $500.00 |
|
The switch/conversion fee quoted above -
|
|
| Fees for Other Services | |
| Second mortgage consent | $100 |
| Production of certificate of title fee | $100 |
| Consent to sub-division, leases, easements etc (excludes production fee) | $350 |
| Substituting securities on existing home loans | $500 does not include valuation fee. Discharge fee is also payable. |
| Renegotiation fee | $350 |
| Additional sub-account fee | $100 per additional sub-account |
| Increase credit limit request | $500 per request |
| Redistribution of limit fee | $10 per request |
| Duplicate or Interim sub-account Statement | $10 per statement |
| Change of primary sub-account fee | $10 per request |
| Change of interest rate or interest rate option or payment requirement | $500 per request per sub-account plus break costs if payable |
| Discharge Fees | |
| Discharge of Mortgage Fee | $500 |
| Partial Discharge Assessment Fee | $150 |
| Discharge settlement processing fee – Payable on loans approved from 2 March 2008 that are discharged and refinanced to another financial institution. | $100 |
| Early Repayment Fees | |
| Break Costs | Payable on early payout of fixed rate loan |
|
Loan Discharge Fee - payable when a Portfolio Loan, or low Doc Portfolio Loan is discharged within 3 years of the settlement date and at any time during the first 3 years:
|
$1,000 |
| The Loan Discharge Fee does not apply if the Portfolio Loan is switching to a standard mortgage product - straight switches ONLY (with no change to borrowers name(s) or security). | |
| Transaction Fees | |
| Payment honour fee (Overdrawn fee) - payable for each transaction we honour which exceeds available credit | $38 per transaction |
|
Payment dishonour fee - payable whenever a direct debit order for payment from another institution is dishonoured |
$15 |
| The first 10 transactions (other than transactions and account balance enquiries at non St.George ATMs) per month are free. From 20 Oct 2003 includes unlimited phone and Internet transactions. Transaction fees are charged on all other transactions. | |
| Refer to the "Bank accounts - fees and charges and how to minimise them" brochure for information on the transaction fees and other fees applicable to operating a Property Power/Portfolio Loan. | |
| Other Charges | |
| Photocopy of loan documents, such as survey, plans, title deeds, security documents | $10 per document |
|
Copy of withdrawal or deposit form |
$10.50 |
| Copy of personal or bank cheque, after it has been presented or deposited | $16 |
| Each bank cheque from home loan proceeds | $8.00 per cheque |
| Arrears letter fee - payable when we send you an arrears letter relating to an overdue amount | $50 |
| Special clearance on a deposited cheque | $16 |
| Customer requested interest recalculation | $30 per recalculation |
ALL THE FEES AND CHARGES QUOTED IN THIS MATRIX ARE BANK FEES AND CHARGES AND DO NOT INCLUDE GOVERNMENT CHARGES SUCH AS STAMP DUTY, REGISTRATION FEES, SEARCH FEES OR ANY OTHER DISBURSEMENTS.
For detailed schedule of fees applicable to all Loans, refer to LOAN ACCOUNT CHARGES FOR SPECIFIC SERVICES & ACCOUNTS brochure.
.gif)