Loans

(Cost to process loan application and establish loan)

Standard Variable Rate Home Loan

$Nil

Reverse Mortgage
(Includes Credit Union solicitors & valuation costs)

$1,200

6 Month Introductory Rate Options

$150

Standard Variable / Options / Minimiser / Home Equity Access & Fixed Rate Loans

$150

All Home and Investment Loan Top-Up

$150

All Personal Loans, Car Loans, Personal Overdrafts and Line of Credit

$150

Performance Guarantee

$200 Minumum or 1.00% of outstanding limit

Business Loans

Sliding Scale

(Cost of maintaining the account)

Standard Variable / Fixed Interest Rate Home and Residential Investment Loans / Reverse Mortgage and Business Loans

$Nil

Home and Residential Investment Options / Minimiser and Essentials Loans and 6 Month Introductory Rate Options

$8 per month

Home Equity Access

$5 per month

All Personal Loans, Car Loans, Personal Overdrafts and Line of Credit

$Nil

Performance Guarantee

$200 Minimum or 1.00% of outstanding limit annually

(Cost of disbursing the loan at drawdown)

All loan types

$15 per Bank Cheque or Electronic Funds Transfer required
$20 EFT Required

(Cost to vary original loan contract Terms and Conditions)

All Home / Investment / Business Loans

$150

Personal Loans, Overdrafts and Lines of Credit

$150

(Cost to redraw available funds in loan account)

All loan types

FREE

(Cost to arrange discharge of mortgage from title documents)

Loan refinanced to another financial institution

* Fee based on single certificate of Title being discharged. Additional Certificate of Title costs on application.

(Cost to transfer between loan options)

Fixed Rate to Standard Variable

$150

Refixing Rate (at end of fixed rate period)

$150

Fixed Rate to Options or Minimiser

$400

Standard Variable Rate to Fixed Rate, Minimiser, Options or Home Equity Access

$400

Options to Fixed Rate, Minimiser or Home Equity Access

$400

Options to Standard Variable Rate

$150

Minimiser to Fixed Rate, Options or Home Equity Access

$400

Minimiser to Standard Variable Rate

$150

Home Equity Access to Fixed Rate, Minimiser, Options or Standard Variable Rate

$400

Introductory Rate Option Home Loan to any other home loan type

$600

Arrears Notice Fee (Payable for every letter - first and subsequent - or notice sent in relations to a loan default)

$25

Final Notice of Demand

$30

Enforcement Expenses (the amount of any costs the Credit Union has to pay to our solicitor / Law stationers for acting for us in connection with the recovery of any amounts owing when a default is established)

Not Ascertainable

(When a payment made to the loan account is dishonoured)

Direct Debit / Salary Deduction / Cheque

$15 per item

(Cost to Coastline Credit Union for services described below. Does not cover Members legal costs for conveyancing or document explanation)

Preparation of Mortgages (Preparation, registration and attend settlement)

$330 per mortgage

Upstamp Mortgage (applies to top-up loans only)

$37.40

Preparation of discharge of mortgage (single title) and attend settlement on behalf of the Credit Union (applies to loans being paid out on sale of mortgage property)

$198

(Cost to Register of Encumbered Vehicles - REVS - for search and registration of Bill of Sale Security)

Search and Registration Fee

$25

(Cost to obtain a registered valuation on mortgaged property)

Details available on application. Cost not ascertainable as variable. Dependant upon property size and usage.

(Stamp Duty payable on Loan Securities and Contracts)

All Property Mortgages

$5 for the first $16,000 plus $4 for each $1,000 borrowed thereafter

Motor Vehicle Mortgages Less than $35,000

$Nil

Motor Vehicle Mortgages $35,000 and over

$5 for the first $16,000 plus $4 for each $1,000 borrowed thereafter

(Insurance premium to cover loan borrowings above normal Credit Union lending policy)

Details available on application. Cost not ascertainable as variable. Dependant upon loan to property valuation ratio for each loan.