| Current fee. |
New fee. |
Top Up Fee: $250
Payable when you top-up your home loan. |
Top Up Fee: $150
Payable if we agree to increase the total loan amount at your request |
Security Substitution Fee: $350
Payable if we approve a request to substitute the security property for another property. |
Security Substitution Fee: $300
Payable if we agree to change the property that is mortgaged to us as security for your loan. Other fees may also be payable. |
Valuation fee: $200
If a valuation is needed, this fee is charged per property and covers some of our cost. |
Valuation fee: At cost
Payable each time we reasonably obtain valuations for the property when we are considering a request from you to change your loan contract or its security or guarantors or to provide our consent, or when you are in default. |
Arrears fee: $25
Payable on the fifth day after: a loan facility has missed a scheduled payment and fallen into arrears, and/or; each month (or every four weeks if your payment frequency is weekly or fortnightly) that the loan remains in arrears. |
Late payment fee: $30
Payable if a loan account is in arrears because you don’t pay a required amount within 10 days of the due date and monthly (or every four weeks if your payment frequency is weekly or fortnightly) while it remains in arrears. |
Security Discharge Fee: $350
This is made up of a $245 ME discharge fee per property and a $105 Solicitor’s discharge fee per property title. |
Security Release Fee: $350
Payable each time we provide a discharge or release of mortgage or other release of security (including a partial discharge or release) for any Property. |
Lenders Mortgage Insurance: At cost
Payable when the loan amount is greater than 80% of the property’s value. |
Lenders Mortgage Insurance Premium: At cost
Payable if a change is made to your loan by agreement for which we require Lenders Mortgage Insurance. The amount of this charge is the amount we advise you is payable before you agree to the change. |
Search Fee: Differ by state
It may be necessary to conduct title or instrument searches or property enquiries. If so, you must pay us at or before settlement the actual cost incurred for such searches or enquiries. |
Land Title Search Charge: At cost
Payable each time we obtain a title search for any property whenever we reasonably require the title search. The amount of this fee is the amount charged to us by the relevant land registry or our search provider to obtain the title search. |
| Government Fees and Charges: May apply by state |
Government and Other Charges: (you may have to pay to third parties).
You may be charged relevant government fees and charges if you make changes to this Loan Contract, the Mortgage or the Guarantee during the Loan Term.
This includes searches, enquiries and the stamping and registration of any variation to this Loan Contract, Mortgage or Guarantee or any new Guarantee or security for the amounts you owe under this Loan Contract. The amounts will be whatever the government authority is charging when you make the change.
If a Mortgage is partially or fully discharged or there is a dealing with the Property, you must attend to the registration of the discharge or dealing, and pay any registration fees and stamp duty on the discharge or dealing when due. The amounts will be whatever the government authority is charging at the time of the discharge or dealing. |
Consent to Dealing Fee: $250
Payable when we consent to a dealing with a property. |
Consent to Dealing: No fee |
| Subdivision Approval Valuation Fee: At cost |
Subdivision Approval Valuation Fee: At cost |
Bank Cheque Fee: $10
Payable if we provide you with a bank cheque, repurchase a bank cheque or replace a bank cheque. |
Bank Cheque Fee: Service no longer offered |
Telegraphic Transfer Fee: $30
Payable when you request us to make a payment for you via Telegraphic Transfer. |
Telegraphic Transfer Fee: Service no longer offered |
Productions of Title Fee: $250
Payable of title fee – Payable to produce the title to the security property. |
Productions of Title Fee: No fee |
| Switch Fee: No fee |
Switch Fee: $300
Payable whenever we agree to your request to make the following changes to a loan account:
- switch to a variable interest rate before the end of a fixed interest rate period
- commence a new fixed interest rate period (new feature)
- change the repayment type to interest only repayments or extend
- an interest only period
- switch to principal and interest repayments before the end of an interest only period
- change the loan term,
- change the loan purpose, or
- split the loan account or combine loan accounts(new feature) |
Rate Lock Fee: N/A
Fixing an interest rate on a Basic Home loan is not available. |
Rate Lock Fee: $750
New feature available on EconoME to fix all or a portion of your loan if you choose to. If you make a rate lock request after the settlement date, payable at the start of the fixed interest rate period if it starts before the rate lock expiry date. |
| Early Repayment Charge: N/A |
Early Repayment Charge: This charge is payable
Payable, during a fixed interest rate period for a loan account each
time you make extra repayments above the annual prepayment limit ($10,000 per year) including where you repay the loan account balance in full, or if we agree,
at your request, to:
- change the annual percentage rate
- change your repayment type
- increase the total loan amount, or
- change your loan term.
The amount is our estimated loss as a result of the above as described in the Home Lending Terms and Conditions. |
| Paper Statement Fee: No fee |
Paper Statement Fee: $4 every 6 months plus $4 for any interim statements
If you are receiving paper statements at the time you transition to ME Go then this fee will be waived.
Post transition to ME Go - If you request to change from electronic statements to paper statements, this fee will be payable:
- Each time we send your regular six-monthly statement, and
- If you request an interim statement, or a copy of a previous statement. |