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Loan Fees & Charges
Please Note: All Fees and Charges are current as of 30th January 2012
The following loan fees apply once your loan has been approved and you agree to proceed:
| Loan Establishment Fee | |
| Mortgage Secured Loan | $350.00 |
| Top Up Loan (Mortgage) | $250.00 |
| Personal Loan | $95.00 |
| Top Up Loan (Personal) | $95.00 |
The following loan fees may apply. You should check with your Credit Union to confirm what fees will apply.
| Search Fee | $14.28 |
| Payable when a title search is required for a mortgage. | |
| Stamp Duty on Mortgage | At Cost |
| Currently $5 for the first $16,000 plus $4 per $1000 thereafter. | |
| Lenders Mortgage Insurance | At Cost |
| Payable when you require an amount of credit that exceeds our normal lending margins. | |
| Registration of Mortgage | $99.50 |
| Payable when a mortgage is lodged at the LPINSW for registration. | |
| On-line Legal Costs | $4.95 |
| Payable per document when legal documents are accessed online. | |
| Bank Cheque | $13.00 |
| Payable when we are required to provide bank cheques for settlement (mortgage) | |
| Solicitors Costs | At Cost |
| Payable for the handling of mortgage documents. | |
| Property Valuation Fees | |
| Residential up to $500,000 | $220.00 |
| $501,000 to $1,000,000 | $330.00 |
| $1,000,000 and above | Valuer to quote |
| Restricted Valuation | $55.00 |
| Progress Payments | $99.00 |
| Rural Property | Valuer to quote |
| Non-Central Coast | Valuer to quote |
| Personal Property Securities Register | |
| Payable if and when loan security is required. | |
| Registration of Interest | $7.40 |
| Variation of Interest | $7.40 |
| Enquiry | $3.70 |
| Dishonour Fee | $9.00 |
| Payable when an attempted cheque loan repayment is dishonoured. | |
| Production of Title | $199.00 |
| Payable to LPINSW to transfer a Certificate of Title. | |
| Mortgage Discharge Fee | $99.50 |
| Payable to LPINSW when you request a discharge over mortgaged security. | |
| Arrears Letter Fee | $10.00 |
| Payable when we send you a arrears letter asking you to remedy a default under a loan contract. | |
| Default Notice Fee | $30.00 |
| Payable when we send you a default notice under a loan contract when a default remains un-remedied after we have sent you a arrears letter. | |
| INTEGRIS LOANS | |
| (Third Party Loans) | |
| New Loan Settlement Fee | |
| At cost to Wyong Council Credit Union | |
| Partial Mortgage Discharge & Substitution Fee | $275.00 |
| Payable on partial discharge or Substitution of securities. | |
| Mortgage Discharge Fee | $550.00 |
| To discharge a mortgage on real estate. | |
| Solicitors Cost | |
| At Cost to Wyong Council Credit Union | |
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