Our Sites:
home loans »
wizard »
wizard smart choice loan
Wizard Smart Choice Loan by Wizard
Wizard Smart Choice Loan
Institution : WizardTheir Blurb
-
Our View
The Wizard Smart Choice Loan is available for owner occupiers, investors in residential property, refinancing and construction. It offers a competitive variable rate and fixed rate options. 100% finance is available for loans up to $500,000 and the repayments can be made weekly, fortnightly or monthly. You can make interest only payments for up to 10 years, and free extra repayments. Lenders Mortgage Insurance is required if you borrow more than 80% of the property value.
Pros
- Have repayments transferred directly from your regular income
- Redraw extra repayments with telephone banking for free (min $50.00)
- Option to make interest only payments for up to 10 years
- Fix all or part of your loan at any time
Cons
- Higher rate than Wizard's Rate Buster and Clear Value Loans
Other Wizard Products
Compare Home Loans from other Banks
Wizard Product Types
| The Facts & Figures | |
|---|---|
| Repayment Holiday | No |
| Introductory Term | - |
| Max Loan Amount | $ 1000000.00 |
| Ability to Split Loan | Yes |
| Max LVR | 100.00 % |
| Loan Type | Standard variable rate loan |
| Extra Repayments | Yes |
| Minimum Loan Term | - |
| Early repayments | Yes |
| Offset Account Available | No |
| Maximum Loan Term | 30.00 years |
| Redraw Facility | No |
| Special offers | - |
| Min Loan Amount | $ 50000.00 |
| The cool stuff: features | |
| Redraw fee | - |
| Application Fee | $ 100.00 |
| Interest only Payments | No |
| Administration Fee (monthly) | - |
| Draw Down Loan Progressively | - |
| Valuation Fee | - |
| Loan is Transferable | Yes |
| Legal Fee | - |
| Line of Credit Available | No |
| Settlemet Fee | 660.00 |
| Required Insurance | - |
