August 2016 Rate Changes

Posted by | Rate Announcement

Please refer below for information on rate changes across the AFG Home Loans product range:

AFG Home Loans Retro/Direct
Variable rates for new and existing customers reduced by 0.12% p.a. effective 25 August 2016.

AFG Home Loans Edge
Variable rates for new and existing customers reduced by 0.10% p.a. effective 19 August 2016.

AFG Home Loans Options
Variable rates for new and existing customers reduced by 0.15% p.a. effective 29 August 2016.

AFG Home Loans ABL
Variable rates for existing term loan customers reduced by 0.10% p.a. effective 29 August 2016.
No change to Line of Credit loans.

AFG Home Loans Icon
Variable rate communication expected this week.

See your AFG mortgage broker for more information on your interest rate.

Regards,
AFG Home Loans Client Services

Reserve Bank August 2016 Announcement

Posted by | Rate Announcement

Reserve Bank August 2016 Announcement

In relation to the Reserve Bank reducing the cash rate, please note lenders are meeting to discuss interest rates and once we have received these decisions from the different lenders we will be notifying our customers via our website.

Out-of-the-box lending now available!

Posted by | News, Retro

Announcing four new products in the AFG Home Loans suite for borrowers who are looking for a solution that exceeds the boundaries and limits set by traditional products. We know that your circumstances can change and not everyone fits the criteria for standard loan products. So we’ve come up with new additions to our suite of products for borrowers to cater for a more flexible and common-sense approach. We view our clients as individuals and we do what we can to get you a home loan solution. All Retro and Go home loans have access to our 100% Offset Facility* at no extra cost.

Now, in addition to our straight-forward Retro home loan with no annual fee, we have four more solutions for low doc, out of the box and self employed borrowers.

For more information on the Retro home loan range, click here to download the brochure.

Contact your AFG broker or click here to send us your details to be contacted by a broker in your area.

 

*Enables everyday transactions via 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. The Offset Sub Account is also known as the 100% Offset Facility.
 
Please note this information is general. The terms and conditions of particular loans differ.
Product terms and conditions may change. AFG Home Loans Pty Ltd is the manager of AFG Retro.
Issued May 2016 by AFG Home Loans Pty Ltd ACN 153 255 559; Australian Credit Licence Number 411913.

Reserve Bank May 2016 Announcement

Posted by | Uncategorized

Please refer below to find the rate movements of your product:

AFG Home Loans Retro

All existing loans will have the following rate changes apply effective 27 May 2016:

  • Owner Occupier Principal and Interest – 0.20% p.a. reduction
  • Investment Principal and Interest – 0.20% p.a.  reduction
  • Investment Interest Only – 0.15% p.a. reduction

Customers can log in to their internet banking after the effective date to see their interest rate.

AFG Home Loans Edge

Following the Reserve Bank of Australia’s cash rate decrease, the variable rates for AFG Home Loans Edge will reduce by 0.25% p.a. from Monday 16 May 2016 for new and existing loans, including increases and top ups.

AFG Home Loans Icon

Effective 25 May 2016, the following rate reductions apply for existing customers:

  • Standard Variable Rate for Owner Occupiers – 0.25% p.a. reduction
  • Investment Variable Rate for Investors – 0.20% p.a.  reduction

Please note the following exceptions:

  • For interest only loans that settled prior to 24 August 2015:
    • Standard Variable Rate for owner occupiers will reduce by 0.15% p.a.
    • Standard Variable Rate for investors will reduce by 0.10% p.a.
  • Standard Variable Rate for all Principal and Interest owner occupiers will decrease to 5.43% p.a. including those that did not have an increase on 20 November 2015 or 1 April 2015.

AFG Home Loans ABL

Effective 30 May 2016, existing customers on Fully Verified and Lo Doc Term loans will receive a -0.17% decrease in their variable rate. Customers will be informed via letter.

Have a question?

Please check your internet banking portal from the effective date listed above or call our friendly Client Services team on 1800 629 948. You can also send us an email at clientservices@afghomeloans.com.au.

Internet Banking Outage for AFG Home Loans Edge customers

Posted by | Edge

On Saturday 7 November and Sunday 8 of November, between the hours of 12am and 8am (AEDT), AFG Home Loans Edge internet banking will be unavailable due to scheduled system maintenance. On Saturday 7 November from 8am to midnight, all systems will be back online however users may experience minor performance issues.

Please be advised that during this outage you will be;

  • Unable to access your account information
  • Unable to transfer funds
  • Limited to a withdrawal amount of $200 via ATMs and EFTPOS

We advise that you transfer or withdraw any funds prior to this to ensure you are prepared.

Maintenance has been scheduled by our providers at this time to minimise disruption to your banking.
We apologise for any inconvenience caused.

The AFG Home Loans Edge™ products are funded by the Advantedge Residential Loan program. AFSH Nominees Pty Ltd (AFSH) ACN 143 937 437 Australian Credit Licence 391192 is the program lender and Advantedge Financial Services Pty Ltd (Advantedge) ACN 130 012 930 Australian Credit Licence 391202 is the program loan servicer. The program is funded under arrangements with National Australia Bank Limited (NAB). Each of AFSH and Advantedge are members of the NAB Group. NAB does not guarantee the obligations of its subsidiaries. AFG Home Loans Edge™ products are promoted by AFG Home Loans Pty Ltd. Australian Credit Licence 411913

Spring is the best time to get your house in order

Posted by | Industry News

spring-fresh-header

The AFG Home Loans Direct Pro Pack rate has just dropped again starting from just 4.72% (Comparison rate 4.74% pa)*. And the news gets better. The annual fee is also waived for the life of your loan for new applications lodged from 21 July until 31 December 2014, talk to an AFG Broker today to see if this fits the bill.

  • Rates start at just 4.72% pa (Comparison rate 4.74% pa)*
  • 100% offset facility
  • VISA debit card access available with FREE unlimited ATM access via rediATMs
  • Internet banking available (Incl BPAY)
  • $150 Settlement Fee plus Disbursements apply

We look forward to hearing from you.

Interest rates are effective from October 13, 2014 and are subject to change.
Interest Rates:
4.72% pa (Comparison rate 4.74% pa)* – applicable for loans < 70% LVR
4.82% pa (Comparison rate 4.84% pa)*- applicable for loans between 70% – 90% LVR
*Comparison rate is calculated based on a loan amount of $150,000 over 25 years with monthly repayments. Please note, this comparison rate is true from only the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Interest rates are subject to change.
The above rates, terms and conditions are indicative only and may vary before your loan is settled. Other fees and charges may apply such as redraw fees or early repayment fees, and cost savings such as fee waivers. Please also note that all applications are subject to credit approval and eligibility criteria, and third party charges such as ATM fees and government charges also apply. Full details available on request or by contacting us at www.afghomeloans.com.au
Note: for all new loans after 31 December 2014 the annual fee will be reinstated.

Internet Banking Security Upgrade

Posted by | Industry News

sms-afg-home-loans-banner

During the month of October 2014, all AFG Home Loans Direct customers using Internet Banking will be upgraded to Secure SMS, replacing Authentigate. Secure SMS is a safer security protocol, enabling us to offer more features via Internet Banking.

Once you have been upgraded the Secure SMS registration screen will appear when you login to your Internet Banking. You will be guided through a simple registration process to validate your mobile number and then proceed on to your required Internet Banking activities.

All new and existing customers are required to complete this registration. You may choose not to register for Secure SMS, however, you will not have the ability to utilise all Internet Banking functions.

For a complete step-by-step guide to the registration process and FAQs please click here.

For more information on this call your helpful AFG Home Loans Client Services team on 1800 629 948 or email clientservices@afghomeloans.com.au.

Does your AFG Home Loans Visa Debit Card have a PIN?

Posted by | Industry News

credit-card-pin-online

Things are changing for all Australian credit and debit cards from 1 August 2014. This is a friendly reminder from us that retailers will only accept a PIN and no longer accept a signature to authorise a purchase using an AFG Home Loans debit card from 1 August 2014.

If you are already using your PIN then no action is required. If you are not already using your PIN or you are unsure, please contact us.

There will be no change to contactless or online transactions.

Our top tips to keep your PIN safe:

  1. Don’t choose a PIN that is easy to guess. Do not use your birth date or phone number.
  2. Don’t share your PIN with anyone.
  3. Alert AFG Home Loans immediately if you think your PIN has been compromised.

Contact the helpful AFG Home Loans Client Services team on 1800 629 948 or email clientservices@afghomeloans.com.au

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