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The lender of your Mortgage Choice Limited, ABN 57 009 161 979 Australian Credit Licence (ACL) 382869 home loan is Macquarie Bank Limited ABN 46 008 583 542 AFSL and ACL 237502 (MBL). All applications for credit are subject to MBL’s credit approval criteria. Before making a decision about whether to acquire a credit, lending or financial product, a person should obtain and review the terms and conditions relating to that product
1 To be eligible for the discount on Package loans, you must apply for and activate your Mortgage Choice credit card as part of the package. To retain the discount, you must keep your Mortgage Choice credit card open for the life of the loan. Package Terms and Conditions apply.
2 Approval is subject to Card Services’ credit and suitability criteria. Terms and conditions, fees and charges apply and are available upon request. Your credit card will be made available shortly after settlement of your mortgage. Card Services is a division of Macquarie Bank Limited ABN 46 008 583 542 (MBL) (Australian Credit Licence 237502), which provides and administers credit and is the issuer of the Mortgage Choice Platinum Card.
3 The Mortgage Choice Platinum Card annual fee is payable if the mortgage package is no longer held, currently $129 for the primary cardholder, and $29 for each additional cardholder. Annual fees are subject to change.
4 Where a non-rediATM ATM operator in Australia charges a fee for a withdrawal or balance enquiry made with this debit MasterCard, that fee will be rebated. See the MC Fee & Changes guide for further details. Offer may be changed or withdraw at any time.
5 Mortgage Choice Cashback credit can be accrued on up to $100,000 of spend annually for Mortgage Choice Platinum Cardholders. Mortgage Choice Cashback is subject to the Mortgage Choice Platinum Card Rewards Program Terms and Conditions. Mortgage Choice Cashback credit is not earned on cash advances, balance transfers or other restricted transactions. Mortgage Choice Cashback credit will be automatically applied to your nominated Mortgage Choice Account once you have accrued 100 Mortgage Choice Cashback credits. Minimum monthly repayments on your nominated Mortgage Choice Account still apply.
6 For the Package loans, one general consent fee associated with a variation is waived per year. Year refers to anniversary of settlement.
7 Up to 55 days interest free on purchases only applies if your Account is paid in full by the due date shown each month (including any balance transfers).
8 The 0% p.a. interest rate applies only to balances transferred with this offer for the first 14 months from the date your account is approved and then reverts to the standard variable interest rate for purchases. Interest rates are subject to change and Card Services credit criteria. Minimum repayments are required. Card repayments will be applied last to the repayment of transferred balances that are in the promotional interest rate period. For further details refer to the Balance Transfer Terms and Conditions.
9 An annual fee for each additional card is waived if requested on the application form and applies if requested after settlement, currently $29.
10 For applications submitted from 28 April 2016, the annual account management fee will be $0 for the life of the loan. Applications submitted before this date may be subject to a fee
11 Complex transactions may incur a higher fee.
12 Not all loan features may be available.
13 After the promotional period, the standard variable interest rate for purchases will apply, which is currently 19.99% p.a. for Mortgage Choice Platinum Card.
This is applicable for loan applications submitted from 28 March 2017.
The comparison rates are based on a loan for $150,000 and a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.