one direct

The one direct variable loan is packed with features to simplify your finances and flexible enough to cater to your changing needs. If you like being able to make additional repayments when you want, a variable loan is for you. You can choose weekly, fortnightly or monthly repayments - it's up to you! You can also access your additional repayments when you want via ATM, EFTPOS, BPAY^®, Phone and Internet Banking.

Basics
Loan Term	Any term up to 30 years
Minimum Loan Amount	$100,000
Maximum Loan Amount	You can borrow up to 90% of the value of your 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
Repayments	Interest Only (for up to 10 years) or Principal and Interest
Repayment Frequency*	Weekly, fortnightly or monthly

Features
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. Our normal credit criteria will apply.
Ability to Split	You can have part of your one direct loan fixed and part of it variable, providing you with flexibility and security.
Additional Repayments	Anytime so you can pay off your loan faster and save on interest costs.
Early Repayment	You can repay your loan in full at any time. Fees and Charges may apply if you fully repay your loan within the first four years.
Redraw Facility	Yes, you can access any additional loan payments you have made. Click here to find out more.
Minimum Redraw Amount	You can withdraw as little or as much as you like.
Access to Additional Repayments	ATM, EFTPOS, Internet Banking, Phone Banking and BPAY®.
Repayment Holiday	Yes, you can apply to take a break from your loan repayments for up to three months. Click here for more information.

Fees
Loan Approval Fee	None
Monthly Loan Administration Charge	None
Redraw Fee	No, you can redraw your funds without paying a fee. Standard transaction fees may apply.
Transaction fees	Transactions are free when you use Phone Banking, Internet Banking and BPAY® and $1.50 for each transaction via ATM and EFTPOS. Transaction limits apply to some channels (e.g. ATM daily limits).

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.