Features at a Glance
| Product features | Performance Plus (Loan) | Equity Plus (Line of Credit) | |
| Variable/Fixed Rate | Both | Variable only | |
| Low Rate Option | Yes. Interest rate discounted by additional -0.10% p.a.º |
Yes. Interest rate discounted by additional -0.10% p.a.º |
|
| Line of Credit | No | Yes | |
| Lock rate option to set fixed rate | Yes | No | |
| Principal & Interest/Interest Only | Both | Interest Only | |
| Minimum Loan Amount | $30,000 | $30,000 | |
| Maximum Loan Amount | $2,000,000† | $2,000,000† | |
| Maximum Loan Term | 30 years | 30 years | |
| Maximum LVR | Full Doc | 95%≈ | 90%‡ |
| Low Doc | 80%‡ | 80%‡ | |
| LMI approval required | Full Doc | LVR above 80%¥ | LVR above 80%¥ |
| Low Doc | LVR above 60%¥ | LVR above 60%¥ | |
| LMI payable by borrower | Full Doc | LVR above 80%¥ | LVR above 80%¥ |
| Low Doc | LVR above 70%¤ | LVR above 70%¤ | |
| Investment/owner occupied | Both | Both | |
| Construction | Yes | No | |
| Redraw | Yes | Yes | |
| Transaction Functionality | Unlimited transactions via internet and phone, BPAY (In), debit card | Unlimited transactions via internet and phone, BPAY (In), debit card, cheque book | |
| Splits available | Up to 4 | Up to 4 | |
| Portability | Yes | Yes | |
†In metro locations only. Up to $2,000,000 with LVR <=80% (Full Doc) and $1,500,000 with LVR <=60% (Low Doc).
Low Rate Option: maximum loan amount $1,500,000.
≈Includes LMI premium capitalisation. LMI premium can be capped up to maximum LVR indicated. 95% maximum LVR applies for purchases only.
‡Includes LMI premium capitalisation. LMI premium can be capped up to maximum LVR indicated.
¥Subject to security location. Please ask PLAN Lending for more details.
ºAnnual fee applies. Low Rate Option applicable to new loans only. Discount margin maintained whilst annual fee paid.
¤Lender will pay the LMI premium where the loan LVR is above 60% and up to 70%. Maximum loan size up to $600,000 applies.
For loan amounts above $600,000 the LMI premium is payable by borrower regardless of LVR.
