Part 1Model of Key Facts Sheets

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## Part 1—Model of Key Facts Sheets This Key Facts Sheet is an Australian Government requirement under the National Consumer Credit Protection Act 2009 KEY FACTS ABOUT THIS HOME LOAN | Date produced: [date] | [lender logo]Australian credit licence number: [lender’s ACL number] 1 | | --------------------- | ---------------------------------------------------------------------- | THIS IS NOT AN OFFER OF CREDIT. This Key Facts Sheet is provided to help you compare this home loan with the home loans of other lenders. ```html <table cellspacing="0" cellpadding="0" style="width:370.45pt; border:0.75pt solid #000000; border-collapse:collapse"><tbody><tr><td colspan="2" style="width:364pt; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:top; background-color:#009fda">What you have told us</td></tr><tr><td style="width:121.95pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:top">Loan Amount:Term of the home loan:Interest type:Lender and product name:</td><td style="width:236.35pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:top">[loan amount][loan term][fixed or variable] 2[lender and product name]</td></tr></tbody></table> ``` HOW DOES THIS HOME LOAN COMPARE? ```html <table cellspacing="0" cellpadding="0" style="width:370.45pt; border:0.75pt solid #000000; border-collapse:collapse"><tbody><tr><td colspan="2" style="width:364pt; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:top; background-color:#009fda">Description of this home loan</td></tr><tr><td style="width:97pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:middle; background-color:#dff1fb">Repayment method</td><td style="width:261.3pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:middle; background-color:#dff1fb">Principal and interest 3</td></tr><tr><td style="width:97pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:middle; background-color:#dff1fb">Repayment frequency</td><td style="width:261.3pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:middle; background-color:#dff1fb">Monthly (other repayment options are available) 4</td></tr><tr><td style="width:97pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:middle; background-color:#dff1fb">Interest rate</td><td style="width:261.3pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:middle; background-color:#dff1fb">5 [variable interest rate] per annum[fixed interest rate] per annum fixed for [number] years, then a variable rate currently [variable interest rate] per annum[variable interest rate] per annum variable for [number] years, then a [*fixed/*variable/*discount interest rate] per annum* Delete whichever is not applicable[*fixed/*variable] [introductory interest rate] per annum for [number] years, then a variable rate currently [variable interest rate] per annum* Delete whichever is not applicable</td></tr><tr><td style="width:97pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:middle; background-color:#dff1fb">Personalised comparison rate: (interest rate including fees)</td><td style="width:261.3pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:middle; background-color:#dff1fb">[Personalised comparison rate] per annum 6</td></tr></tbody></table> ``` ```html <table cellspacing="0" cellpadding="0" style="width:370.45pt; border:0.75pt solid #000000; border-collapse:collapse"><tbody><tr><td colspan="2" style="width:364pt; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:top; background-color:#009fda">Estimated cost of this home loan</td></tr><tr><td style="width:226.1pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:middle">Total amount to be paid back (including the loan amount and fees)</td><td style="width:132.2pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:middle">[repaid amount] 7</td></tr><tr><td style="width:226.1pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:top; background-color:#daeef3">This means you will pay back</td><td style="width:132.2pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:top; background-color:#daeef3">[amount] for every $1 borrowed 8</td></tr><tr><td style="width:226.1pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:top">Establishment fees</td><td style="width:132.2pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:top">[establishment fees] 9</td></tr><tr><td style="width:226.1pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:top">Ongoing fees</td><td style="width:132.2pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:top">[monthly fees] 11 per month[annual fees] 12 per year</td></tr><tr><td style="width:226.1pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:middle">10 Repayment per month (including ongoing fees)</td><td style="width:132.2pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:middle">[monthly repayment] 13</td></tr><tr><td style="width:226.1pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:middle">10 Repayment per year (including ongoing fees)</td><td style="width:132.2pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:middle">[yearly repayment] 14</td></tr><tr><td style="width:226.1pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:middle">10 Repayment per month for first [number] 15 years (including ongoing fees)</td><td style="width:132.2pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:middle">[monthly repayment] 13</td></tr><tr><td style="width:226.1pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:middle">10 Repayment per year for first [number] 15 years (including ongoing fees)</td><td style="width:132.2pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:middle">[yearly repayment] 14</td></tr><tr><td style="width:226.1pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:middle">10 Repayment per month after [number] 15 years (including ongoing fees)</td><td style="width:132.2pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:middle">[monthly repayment] 13</td></tr><tr><td style="width:226.1pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:middle">10 Repayment per year after [number] 15 years (including ongoing fees)</td><td style="width:132.2pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; padding:2.85pt 2.48pt; vertical-align:middle">[yearly repayment] 14</td></tr></tbody></table> ``` | There may be circumstances in which other fees are payable. Fees applicable for the loan you apply for will be shown in the loan contract. You can also obtain a list of fees applicable to this type of loan from our branches 16 or through our website at [lender’s website].Other loan set‑up fees, such as valuation fees 16A and lender’s mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.Additional fees may be payable if you choose to repay your fixed rate home loan early. 17 | | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | 18 What happens at the end of the fixed rate period? | | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | At the end of the fixed rate period you may be able to fix the rate at a new fixed interest rate for a further period. If a further fixed rate is not entered into, the rate will convert to the applicable variable interest rate. Under the current variable interest rate, if interest rates do not change, your monthly repayment would [increase/decrease] by around [change in repayment]. 19At the end of the fixed rate period, the rate will convert to the applicable variable interest rate. Under the current variable interest rate, if interest rates do not change, your monthly repayment would [increase/decrease] by around [change in repayment]. 19 | | 18 What happens if interest rates increase? | | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | This is a variable rate loan. If your interest rate was to increase by 1% per annum, your monthly repayment would increase by around [change in repayment 2]. 19This is a fixed rate loan. Your repayments will not change during the fixed rate period. After the fixed rate period, if the variable interest rate was to increase by 1% per annum, from the current variable interest rate of [variable interest rate], your monthly repayment would increase by around [change in repayment]. 19 | | How can I repay my loan faster? | | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | This loan allows you to make additional repayments to pay off your home loan faster. If you increased your monthly repayments by $200 a month to [monthly repayment + $200] you would repay the loan in [new loan term], instead of [loan term], based on the current variable interest rate stated in this Key Facts Sheet. 19This loan allows you to make additional repayments to pay off your loan faster but such repayments may attract a fee. You should ask your lender about the fee before making additional repayments. 19This loan does not allow you to make additional repayments to pay off your home loan faster. 19Altering the frequency of repayments may also help repay the loan faster. | | How to find the best deal for you | | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | To obtain the best deal for you, it is important to shop around and compare interest rates, fees and features before you apply for a home loan. Choosing the best home loan for you may save you money. For more information about how to get the best deal on your home loan visit the ASIC consumer website at www.moneysmart.gov.au. | FURTHER INFORMATION ABOUT THIS KEY FACTS SHEET Which home loan is right for you? When choosing a home loan, it’s important to work out what you want from your loan and how much it will cost you. Given the wide range of loans on offer—with different interest rates, product features and fees—it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan. Some features you may wish to consider include: ability to split your loan between fixed and variable interest rates; ability to make extra repayments; an offset account; a redraw facility; and linked credit card and savings accounts. But compare the costs and benefits of these features before you agree to them. For more information on choosing the right home loan for you, you may also wish to visit the ASIC consumer website at www.moneysmart.gov.au. Where can I find out more about this loan? If you want more information on the terms used in this document or about this home loan, please contact us \[lender’s contact details\], or visit our website at \[lender’s contact website\]. This Key Facts Sheet is an Australian Government requirement. The Australian Government requires all lenders selling standard home loans to give you a Key Facts Sheet like this one when you ask for one and provide the necessary information. Key Facts Sheets contain information presented in the same way to help you compare and select the most appropriate home loan for you. You should request Key Facts Sheets when shopping around for a home loan to help you find the home loan that is right for you. This Key Facts Sheet is not an offer of credit. The lender is not obliged to provide you with the home loan described in this Key Facts Sheet. You will need to apply for the loan and meet our lending criteria before we can determine whether you are eligible for this loan. You should also be aware: the interest rates and fees and charges are those that apply as at the date of production of this Key Facts Sheet. the amount required to be paid does not include fees which are dependent on events that may not occur (for example, late payment fees if you do not make repayments on time). the amount of the repayments shown in this Key Facts Sheet will change if interest rates, fees and charges change and if a different loan type, loan term or loan amount is used. What is the personalised comparison rate? The personalised comparison rate helps you understand what the total cost of your home loan might be, taking into account known fees and charges that will apply (other than government fees, charges or duties) by building those costs into the interest rate. It also helps you understand the impact of fixed or introductory rates of interest on the total amount of interest you could pay over the life of the loan.