Retro features and benefits

Retro Product Specifications

Product features Retro
Interest rate based on loan characteristics Yes (Loan amount & LVR)
Max Loan Amount Established Security > Max LVR (90% Incl LMI) $1,000,000
Max Loan Amount Established Security > Max LVR 70% $1,500,000
Max Loan Amount Construction Loan > Max LVR (90% Incl LMI) $750,000
Upfront Fees Settlement fee, valuation costs and legal disbursements
Loan Purpose Owner Occupier or Investment
Repayment Options Monthly1
Principal and Interest/Interest Only Both2
Loan Term 8 – 30 years
Cashout to Max LVR 80% LVR with specified purpose always required – evidence may be requested
Acceptable Security Refer Retro Postcode & Security Guide
Minimum Loan Amount $200,000
Credit impairments No
Income – PAYG 2 of the last 3 pay slips
(additional evidence may be required where income/allowances above base income is reqiured)
Income Self Employed 2 Yrs Financials plus Notice of Assessments
Construction Loan Yes (P&I loan options only – interest only repayments during the construction phase and then reverts to P&I repayments)
Debt Consolidation 4
Redraw Yes – Minimum manual redraw of $3,0003
Electronic Redraw Yes4
100% Offset Facility Yes5
Splits Max of 4
Internet Banking Yes – including BPAY
VISA Debit & BPAY Yes6
  1. Principal and interest repayments are due each calendar month on the same date of the months as the loan advance. Interest only repayments are due on the first day of each calendar month after the loan advance. Repayments must be paid by Direct Debit from client’s bank account. More frequent repayments are permitted and additional repayments may be made at any time.
  2. Interest only periods are 1-5 years, after which repayments will convert to principal and interest for the remainder of the loan term. Redraw on interest only loans is only available from via a linked 100% Offset Facility.
  3. Subject to loan terms. Only available if 100% Offset Facility is selected with the loan.
  4. All electronic redraws are subject to loan terms. Only available if 100% Offset Facility is selected.
  5. The 100% Offset Facility is also known as an Offset Sub Account and enables everyday transactions via a linked loan sub account. The Offset Sub Account balance offsets against the balance of the home loan. Access to funds in the offset portion is via ATM, EFTPOS, VISA merchants & Internet Banking. In some circumstances redraw is not permitted and amounts lent or due under the mortgage may be deducted from the Offset Sub Account. Full terms and conditions for Offset Sub Account are contained in the AFG General Terms and Conditions.
  6. Only available if 100% Offset Facility is selected.

This document is prepared and issued by AFG Home Loans Pty Ltd ACN 153 255 559; Australian Credit Licence Number 411913. AFG Home Loans Pty Ltd is the originator of AFG Home Loans Retro.

Product specifications may change without notice. Please refer to the Lending Guidelines for full terms and conditions.

Retro Lite Product Specifications

Product features Lite
Interest rate based on loan characteristics Yes (Loan amount & LVR)
Max LVR 80%
Upfront Fees Settlement fee, valuation costs and legal disbursements
Annual Service Fee $330
Loan Purpose Owner Occupier or Investment
Repayment Options Monthly1
Principal and Interest/Interest Only Both2
Loan Term 8 – 30 years
Cashout to Max LVR 80% LVR with specified purpose always required – evidence may be requested
Acceptable Security Refer Retro Postcode & Security Guide
Minimum Loan Amount $100,000
Maximum Loan Amount $1,000,000
Credit impairments No
Income Self Employed ABN 24 months / GST Registered / Customer Financial Declaration
plus two of the following
6 month Business Statement / 6 month BAS / Accountant Declaration
Minor Impairments Nil
Debt Consolidation 4 facilities
Redraw Yes – Minimum manual redraw of $3,0003
Electronic Redraw Yes4
100% Offset Facility Yes5
Splits Max of 4
Internet Banking Yes – including BPAY
VISA Debit & BPAY Yes6
  1. Principal and interest repayments are due each calendar month on the same date of the months as the loan advance. Interest only repayments are due on the first day of each calendar month after the loan advance. Repayments must be paid by Direct Debit from client’s bank account. More frequent repayments are permitted and additional repayments may be made at any time.
  2. Interest only periods are 1-5 years, after which repayments will convert to principal and interest for the remainder of the loan term. Redraw on interest only loans is only available from via a linked 100% Offset Facility.
  3. Subject to loan terms. Only available if 100% Offset Facility is selected with the loan.
  4. All electronic redraws are subject to loan terms. Only available if 100% Offset Facility is selected.
  5. The 100% Offset Facility is also known as an Offset Sub Account and enables everyday transactions via a linked loan sub account. The Offset Sub Account balance offsets against the balance of the home loan. Access to funds in the offset portion is via ATM, EFTPOS, VISA merchants & Internet Banking. In some circumstances redraw is not permitted and amounts lent or due under the mortgage may be deducted from the Offset Sub Account. Full terms and conditions for Offset Sub Account are contained in the AFG General Terms and Conditions.
  6. Only available if 100% Offset Facility is selected.

This document is prepared and issued by AFG Home Loans Pty Ltd ACN 153 255 559; Australian Credit Licence Number 411913. AFG Home Loans Pty Ltd is the originator of AFG Home Loans Retro.

Product specifications may change without notice. Please refer to the Lending Guidelines for full terms and conditions.

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