LoanFees
Effective1July2017
NexusMutualisatradingnameofEECULimited
ABN35087650039|AFSL/AustralianCreditLicence244356
NexusMutualchargesloanfeeswherecostsareincurredfromourserviceproviders(suchasbanks)and/orwheresignificant
stafftimeisinvolvedindealingwiththematter.ThefeechargedbyNexusMutualislessthanorequaltothecostsincurred
inprovidingtheservice.
Mortgageloanfees
ESTABLISHMENTFEES
Standardhomeloan
FEE
$600,includesfirstvaluationandtitle
search
$1200,includesfirstvaluationforboth
properties,firsttitlesearchforeach
property
$25
Bridgingloan
Offsetestablishmentfee
OTHERFEES
Arrangelendersmortgageinsurance
Caveatsecuredloan
Guaranteepreparation
Oldlawdocumentation
Progresspayment–Constructionloan
Multiplesecurities
Valuationfee
FEE
$30
$300
$150
$60
$60
$220
Atcost
DURINGLOANPERIODFEES
Platinumhomeloanfee(chargedannually)
Breakfeeforfixedrateloan
Accountservicingfee(chargedmonthly)
Offsetfacilityfee(chargedmonthly)
Contractvariation–general
Contractvariation–security
Depositguaranteeadministration(chargedhalfyearly)
Generalconsent
Loanincrease
Loancontinuation(fixedrateloan)
Splitloanfacility
Documentfee
Switchloans(changingloantype)
FEE
$395
Atcost
$8
$10
$100
$200
1.25%p.a.ofguaranteedamount
Upto$275
$250
$250
$100
$25
$250
MORTGAGELOANDISCHARGEFEES
Mortgagedischarge
Registrationofmortgagedischarge
Withdrawalofacaveat
FEE
$300
$200
$200
M1530–LoanFees|NexusMutual
3
Personalloanfees
LOANESTABLISHMENTFEES
Securedloan
Unsecuredloan
$200
$150
DURINGLOANPERIOD
Contractvariation–general
Contractvariation–security
Generalconsent
Loanincrease
$75
$150
$60
$95
Continuingcreditfees
LOANESTABLISHMENTFEES
LineofCredit*
$600
DURINGLOANPERIOD
VisaPlatinumCreditCard–annualfee*
Overdraftmonthlyaccountservicefee
Contractvariation–general*
Contractvariation–security*
LineofCredit–annualreviewfee*
LineofCredit–monthlyservicefee*
$99
$5
$100
$200
$45
$10
*FeewaivedforNexusMutualPlatinumhomeloanholders.
Otherloanassociatedfees
SERVICEFEE
AdditionalrequestsbyNexusMutualforinsurancecertificates
ArrangingDepositGuarantee
Overduepayment
• Firstcontact
• Subsequentcontacts
Temporaryadvance
• Lessthan$5,000
• $5,000tolessthan$25,000
• $25,000tolessthan$50,000
Titlesearch
$10
$325
$10
$25
$50
$100
$150
$25
Importantinformation
Allfeesareaonceoffcostfortheservicewhenitisprovided,exceptwhereindicated.
NexusMutualreservestherighttochangeanyofthefeesandchargesdetailedinthisbrochure.Memberswillbenotifiedin
writinginaccordancewiththerelevanttermsandconditionsintheeventofanychange.
M1530–LoanFees|NexusMutual
3
NexusMutualisatradingnameofEECULimited
ABN35087650039|AFSL/AustralianCreditLicence244356|M1530(07/17)