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It's been a busy month at Queensland Country Bank and we have lots of news to share, including that we have been named Australia's Top Rated Bank in the 2022 ProductReview Awards!
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Please take a moment to read the information below and do reach out if there's anything you need. We remain open over the festive season, except for the public holidays.
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Now accepting Family Home Guarantee applications
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It’s our pleasure to announce that we’re now a participating lender for the Family Home Guarantee, administered by the National Housing Finance and Investment Corporation (NHFIC).
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Under the Family Home Guarantee, eligible single parents with at least one dependent child can purchase a family home with a deposit of as little as 2%, without the need to pay lenders mortgage insurance.
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Both new and existing homes can be covered by the Guarantee, which is open to first home buyers as well as previous home owners.
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Queensland Country is also accepting loan applications from first home buyers under the New Home Guarantee. We are no longer accepting new requests for the 2021–22 financial year release of the First Home Loan Deposit Scheme (FHLDS).
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- Same great rate for both owner-occupied and residential investment loans.
- Mortgage offset and redraw facility for owner-occupied.
- Available on P&I. Maximum LVR 80%. 2.30% off the SVR.
- View full details.
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- Same great rate for both owner-occupied and residential investment loans.
- Mortgage offset and redraw facility for owner-occupied.
- Maximum LVR 80%. Reverts to SVR with a discount of 0.75% for the life of the loan.
- View full details.
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Australia’s Top Rated Bank
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Record breaking lending month
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An exit strategy is required for any applicants who are older than 45 and seeking a loan term greater than 20 years.
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To meet our compliance requirements, brokers are unable to witness loan contracts or mortgage documents for their submitted applications. Please ensure these are witnessed by a solicitor or non-related party.
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We are currently experiencing high volumes of home loan applications. As such, please expect the following temporary processing times:
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- Applications: up to five business days for pick up, with review and assessment to then commence
- Credit assessing: up to four business days (+ LMI assessment times)
- Mortgage prep: up to five business days
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Our best car loan interest rate on a new or demo electric or plug-in hybrid vehicle. Plus, borrow an additional 10% of the initial loan value to fund charging technology. Learn more.
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Get up to $50,000 for all those smaller home improvements without the need to extend a home loan. Learn more.
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Sharon Evans
Third Party Distribution Manager
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Paul Cavallaro
Broker Relationship Manager
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Darren McKenzie
Broker Relationship Manager
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All interest rates quoted are per annum and rates are subject to change without notice. Special offers may be withdrawn at any time before a loan contract is entered into.
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1Special Variable Package Rate (<80%)
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Limited time variable rate offer available under our Ultimate Home Loan Package for principal and interest loans with borrowings of at least $100,000. 80% maximum loan to value ratio for owner-occupied and investment loans. Not available for restructure of existing Queensland Country loan facilities. Rate includes a 2.30% discount off the Principal and Interest Standard Variable Rate for the life of the loan. Comparison rate calculated on a secured loan of $150,000 over a 25 year term based on monthly repayments.
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2Special Fixed Package 2 Year Rate (<80%)
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Limited time fixed rate offer available under our Ultimate Home Loan Package for borrowings of at least $100,000. Maximum loan to value ratio of 80% for owner-occupied and investment loans. Not available for restructure of existing Queensland Country loan facilities. Following fixed rate expiry, the loan will revert to our Principal and Interest Standard Variable Rate with a discount of 0.75% for the life of the loan. Comparison rate is calculated on secured loan of $150,000 over a term of 25 years based on monthly repayments.
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Comparison rate calculated on a secured loan of $30,000 over a 5 year term based on monthly repayments.
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Comparison rate calculated on an unsecured loan of $30,000 over a 5 year term based on monthly repayments.
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^WARNING: These comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. A comparison rate schedule is available at any Queensland Country Bank branch.
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Fees and charges are payable. Normal lending criteria, terms and conditions apply and are available on request.
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Information contained in this newsletter is general only and does not take into account personal objectives, financial situation or needs. When considering any Queensland Country financial product or service mentioned in this newsletter you should obtain the relevant Product Disclosure Statement, Target Market Determination, Product Information Brochure, Terms and Conditions and Fees & Charges Brochure, which are available online or from any or our branches. We encourage you to seek your own advice before deciding if a product is right for you.
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You are receiving this email because you are a valued broker for Queensland Country Bank Limited.
ABN 77 087 651 027 AFSL/Australian Credit Licence 244 533
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Copyright © 2021 Queensland Country Bank, All rights reserved.
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Our mailing address is:
Queensland Country Bank
Queensland Country Centre
333 Ross River Road
Aitkenvale, Qld 4814 Australia
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