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 |
| 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 |
| 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.