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Each example contained on this website is formulated on a range of assumptions. The main assumptions are outlined below. These assumptions are not forecasts or predictions and may or may not represent actual events. |
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| Each example excludes application fees and other fees associated with the loans such as valuation fees, account keeping fees, transaction fees and lenders mortgage insurance (if applicable) as well as transaction costs associated with refinancing a home loan such as stamp duty, government fees, conveyancing fees and stamp duty on lenders mortgage insurance. |
| Each example assumes that the Zero20 loan is for 20% of the property's value at the outset and that no default interest is payable at any time over the term of the Zero20 loan. The actual Zero20 loan may be for less than 20% of the property's value and the outcomes may vary considerably if default interest becomes payable. |
| All examples of an Appreciation Payment assume that the value of the property has increased by a nominal rate of capital growth of 8% p.a. This is based on historical median rates of capital growth in Australian capital cities attributable to Australian residential real estate over the period between the fourth quarter of 1986 to the first quarter of 2006. Actual rates of growth may be greater or less than this percentage. |
| If the example contains a traditional home loan comparison, it assumes that the traditional home loan interest rate is 7.80% p.a, the loan term is 25 years, all principal and interest payments are made on time, the only repayments made are the required repayments - that is, no additional repayments or redraws are made, and no event of default has occurred and default interest is not incurred at any time during the term of the loan. |
| If the example includes Lenders Mortgage Insurance, the premium payable is based on PMI Mortgage Insurance Ltd's ABN 70 000 511 071 ('PMI') premium rates effective for the relevant product as at December 2006. |
| Assumptions specific to an example are detailed in the example. Numbers may have been rounded to the nearest thousand, or to one percent, where relevant. |
Fees, charges, terms, conditions and lending criteria apply. Fees and charges such as application fees, valuation costs, legal fees, conveyancing fees and stamp duty and other government charges on the purchase of a property are not mentioned in the examples but may be payable. These fees and charges will vary, depending on the individual circumstances. This website does not take into account your personal objectives, financial situation, or particular needs. You should obtain a copy of the Zero20 Disclosure Document (available on this website) and the Zero20 Terms and Conditions Booklet from one of our accredited lenders and consider them before making a decision about whether to enter into an Zero20.
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