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RAMS Home Loans

RAMS is no longer accepting home loan applications

Essential Home Loan
Redraw No minimum
Loan Splitting Minimum $15,000
Interest Only payments 1-5 year and 10 year option 1, 3, 4
Interest Capitalisation No
Weekly/Fortnightly/Monthly Payments Weekly, Fortnightly, Monthly
Extra payments Yes, no minimum
Deposit methods Direct Credit, Direct Debit, Salary Credit, BPAY®2 and myRAMS^
Loan fixing

Yes - post settlement
$10 fixed rate servicing fee for fixed rate portions of the loan during the fixed rate period

Loan switching Convert to any Full Doc loan at any time (except Line of Credit).
Debit card & chequebook No
Value Advantage Package Eligibility No
ATM/EFTPOS & cheque access free transactions No
Statement frequency Every 6 months

 

Full Feature Home Loan
Redraw No minimum
Loan Splitting Minimum $15,000
Interest Only payments 1-5 year and 10 year option 1, 3, 4
Interest Capitalisation No
Weekly/Fortnightly/Monthly Payments Weekly, Fortnightly, Monthly
Extra payments Yes, no minimum
Deposit methods Direct Credit, Direct Debit, Salary Credit, BPAY®2 and myRAMS^
Loan fixing

Yes - post settlement
$10 fixed rate servicing fee for fixed rate portions of the loan during the fixed rate period

Loan switching Convert to any Full Doc loan at any time (except Line of Credit).
Debit card & chequebook Yes
Value Advantage Package Eligibility Yes
ATM/EFTPOS & cheque access free transactions Yes5
Statement frequency Every 6 months

 

Fixed Rate Classic Home Loan
Redraw Minimum $1,000
Loan Splitting Yes
Minimum $15,000
Interest Only payments 1-5 year and 10 year option 1, 4
Interest Capitalisation No
Weekly/Fortnightly/Monthly Payments Weekly, Fortnightly, Monthly
Extra payments Up to a total of $30,000 during the fixed rate period
Deposit methods Direct Debit, Salary Credit, BPAY®2 and myRAMS^
Loan switching Fixed rate at settlement automatically converts to Essential Home loan
Repayment holiday Yes
Debit card & chequebook No
Value Advantage Package Eligibility No
ATM/EFTPOS & cheque access free transactions No
Statement frequency Every 6 months

 

Fixed Rate Home Loan
Redraw Yes
Loan Splitting Minimum $15,000
Interest Only payments 1-5 year and 10 year option 1, 4
Interest Capitalisation No
Weekly/Fortnightly/Monthly Payments Weekly, Fortnightly, Monthly
Extra payments Up to a total of $30,000 during the fixed rate period
Deposit methods Direct Debit, Salary Credit, BPAY®2 and myRAMS^
Loan switching Fixed rate at settlement automatically converts to Full Feature Home loan
Repayment holiday Yes
Debit card & chequebook No
Value Advantage Package Eligibility No
ATM/EFTPOS & cheque access free transactions No
Statement frequency Every 6 months

 

 

Line of Credit Home Loan
Redraw Yes - no minimum
Loan Splitting Minimum $15,000
Interest Only payments Yes6 and not required if under credit limit
Interest Capitalisation Yes
Weekly/Fortnightly/Monthly Payments Weekly, Fortnightly, Monthly
Extra payments No minimum
Deposit methods Direct Debit, Salary Credit, BPAY®2 and myRAMS^
Loan fixing Yes, post settlement
Repayment holiday N/A
Debit card & chequebook Yes
Value Advantage Package Eligibility Yes
ATM/EFTPOS & cheque access free transactions Yes - fee - $0.005
Statement frequency Every 3 months (monthly available)

DISCLAIMER:
^myRAMS is not available to Companies and Trusts and is subject to systems availability.
1 10 year IO option available for investment purposes only.
2® Registered to BPAY Pty Ltd ABN 69 079 137 518.
3 Switch to interest only repayments is not permitted in the first 12 months of the loan.
4 Not available for the purpose of owner occupied refinance, debt consolidation or equity release.
5 Some institutions may charge a fee for use of their ATMs, payable in addition to any fee for transactions over free threshold.
6 Not available for the purpose of owner occupied refinance, debt consolidation or equity release.