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Rapid Repay Loan

Look for Australia’s smartest home Loan? You just found it!

In the 2006 calendar year 94% of all Applicants from right around Australia chose to switch their existing loan to the Thrive Rapid Repay Home Loan. Rapid Repay works; and the word is definitely traveling fast!

This NEW facility, unique to Thrive, was specifically designed by a team of Financial Advisors (not bankers) to help Australians repay their home loans faster, paying a significant amount less interest along the way.

Rapid Repay is not a line of credit, and you don't use a credit card for your purchases. There are no ongoing fees at all, and rewards packages are attached to this loan. You can’t go further into debt, nor will you find yourself paying big payments and getting no where.

More and more Australians are choosing Rapid Repay. Take a closer look at the specifications below. To find out how Rapid Repay will work for you contact our office and discuss your needs with one of our experienced lending managers.

Minimum loan amount	$50,000
Maximum loan amount	$1,000,000 (single security) $ 2, 500, 000 (multiple securities)
Maximum LVR	95% to $750,000 (purchase and refinance) 90% to $1,000,000 (purchase and refinance) 80% to $2,500,000 (purchase and refinance)
LMI premium payable	Client - > 80% LVR or loan amount greater than $500, 000 Thrive - < 80% LVR
Interest only option	1 - 10 years (maximum LVR 90%)
Fixed interest option	1 - 5 years
Minimum loan term	15 years
Maximum loan term	40 years
Application Fee	No, if borrowing > $250 000 (A saving of $775.00)
Valuation Fee	First Valuation free (if borrowing > $250 000 a saving of up to $330.00), additional valuations paid by borrower
FREE Reward Package	Yes (click here for your choice of reward packages)
Full Salary Credit allowed	Yes
Free Redraw available	Yes
Free Split loan available	Yes
Inward direct debits	Yes
Outward third party direct debits	Yes
Free Inward direct credits	Yes
Free Internal portion transfers	Yes (if a split loan)
Inward deposit book payments	Yes
Free Inward BPay	Yes
Outward cheques	Yes (if a line of credit split exists)
Free Internet and telephone Banking	Yes
Annual / Monthly loan fees	Nil
Borrowers Legal costs	At borrower's expense
Lenders Legal	Approx. $800.00

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