| Fees |
| Settlement fee |
Nil |
| Valuation fee |
Nil |
| Legal fees |
Nil |
| Ongoing fees |
Nil |
| Split loan fee |
Nil |
| Variation fee |
Nil |
| Visa debit card monthly fees |
Nil |
| ATM charge |
If you use your Visa debit card for ATM transactions, the ATM owner will charge you a fee. The fee will be shown on the screen and you can choose whether to proceed and pay the fee or cancel the transaction and no fee will be charged. |
| |
| Fees that BEAT do not charge |
| Valuation fees |
| Document preparation fees |
| Title search fees |
| |
| Fees that you may have to pay BEAT |
| Application fee |
$1,895 |
Effective from 1 July 2011. |
| Agency fee |
Variable |
Costs for sending our agents to settle your loan outside CBD areas. |
| Bank cheque charges |
Variable |
Charges relating to issuing bank cheques. |
| Lenders' mortgage insurance (LMI) |
Variable |
Is required if you borrow more than 80% of the value of your property. What is lenders' mortgage insurance? |
| Replacement card fee |
$15 |
If your Visa debit card is lost, stolen or damaged. |
| |
| Fees charged by the government |
| Government charges & stamp duty |
Different states have different charges |
|
| |
| Fees payable to BEAT during the loan |
| Document fee |
$45 per document |
If you ask us to produce a document for the Land Titles Office. |
| Duplicate fee |
$25 per document |
If you ask us to provide a copy of any statement, notice or other document. |
| Title production fee |
$250 per title production |
If you ask us to produce a title document. |
| Redraw fee |
Nil and unlimited |
If you redraw available funds from your loan via ATMs. |
| |
5 free per month then $20 per redraw |
If you redraw available funds from your loan via BEAT Online or Customer Service. |
| |
| Fees which apply if you don't make your repayments |
| Default admin fee |
$95 |
If you fail to make a repayment on time. |
| Dishonour fee |
$25 |
If you make a payment (such as a direct debit) that is dishonoured. |
| Default rate |
2% |
If you fail to make scheduled payments on time. |
| Account resolution fee |
$495 |
If a loan is referred to a collection specialist where your loan has been in default for at least 30 days. |
| Default management fee |
$195 |
Payable each day on which a repayment is due and you have been in default for at least 90 days at any time in the period after the immediately preceding repayment is due. |
| |
| Fees which may apply when you pay out your loan |
| Break costs |
Variable |
Payable if you pay out any fixed rate loan before the expiry of the fixed rate period. |
| Pay out fee |
$10 |
If you request a written statement of the amount needed to pay out your loan. |
| Cancelled discharge fee |
$96.25 |
If you ask us to remove the mortgage over your property but subsequently cancel your request. |
| Discharge admin fee |
$395 |
If we remove our mortgage over your property. |
