Home Loan Key Facts Sheets are part of the Australian Government’s banking reforms effective 1 January 2012.
The Key Facts Sheet outlines loan information in a standardised format used by all financial institutions, therefore allowing you to compare home loan products against those available from competitor institutions.
The Key Facts Sheet highlights important information, such as the total amount to be paid back over the life of a loan, and what the expected repayment is for every dollar borrowed.
A Key Facts Sheet is only applicable when the loan will be repaid by principal and interest repayments for the full term and the purpose of the loan is to purchase residential property or refinance a loan that was wholly or predominantly to purchase residential property.
Please connect with one of our home loan specialists to further discuss our product offering and the best suited product for your situation.
For more information on choosing the right home loan for you, you may also wish to visit the ASIC consumer website.