one direct

The one direct fixed loan gives you peace of mind by fixing your interest rate so you don't have to worry about changes in interest rates. Its perfect for you if you want the comfort and security of knowing exactly how much your repayments will be. You can choose to fix your rate for up to 5 years and still make additional repayments of up to $10,000 per annum without incurring a fee.

Term	Interest Rate (p.a.)	Comparison rate (p.a.)
1 Year Fixed Rate	6.89%	6.97%
2 Year Fixed Rate	6.89%	6.96%
3 Year Fixed Rate	7.09%	7.01%
4 Year Fixed Rate	7.39%	7.14%
5 year Fixed Rate	7.59%	7.26%

Basics
Fixed Rate Loan Term	1, 2, 3, 4 or 5 years
Maximum Loan Term	30 years (after the fixed rate period the loan reverts to a variable rate).
Minimum Loan Amount	$100,000
Maximum Loan Amount	You can borrow up to 90% of the value of the security property.
Total Lending Limit lo-doc	$2.5 million - you can borrow 60% of the property value.
Lenders Mortgage Insurance	Is required if you borrow more than 80% of the value of your property.
Repayment Frequency*	Weekly, fortnightly or monthly
Repayments	Interest Only for up to 10 years or Principal and Interest.

Features
Ability to split	You can have part of your one direct loan fixed and part of it variable, providing you with security and flexibility.
Additional Repayments	Up to $10,000 in any year. You may have to pay a fee on any additional repayments above this amount.
Access to Additional Repayments	Yes, but only once the loan has switched from the fixed to variable rate and only additional repayments made during the variable rate period.
Early Repayment	You can repay your loan early and there are no associated costs with this after the fixed rate period has expired providing you have had the loan for more than four years. Fees and charges apply if you fully repay your loan within four years or during the fixed rate term.
Redraw Facility	A redraw facility is available once your fixed loan converts to a variable loan. Click here to find out more.
Repayment Holiday	Yes, you can apply to take a break from your loan repayments for up to three months. Click here for more information.
Portability	Yes, you can request to keep the same loan when you sell your property and buy a new one without having to apply again. Some conditions apply with a fixed rate loan. Call us on 1800 198 978 to find out more.

Fees
Loan Approval Fee	None
Monthly Loan Administration Charge	None

This Comparison Rate is for a loan of $150,000 over 25 years.

WARNING: This comparison rate applies 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 here.

*Payment frequency must be monthly for Interest Only Loans.

^® Registered toBPAY Pty Ltd ABN 69 079 137 518.