Loan Processing Fee
When a home loan is first arranged, a loan processing fee of $400 applies. For a split facility you pay only one loan processing fee. A low equity fee may also apply.Alteration to borrowers or security held for a loan
| Service | Fee |
| Release or substitution of security for the loan Transfer with new mortgage required Land title changes with new mortgage require | $200.00 |
| Loan transferred, e.g. to a trust, with new mortgage required | $200.00 |
| Change parties to loan agreement | $100.00* |
| Registrations affecting land titles | $100.00* |
| Memorandum/deed of mortgage priorities | $100.00* |
Discharging your loan
| Service | Fee |
| Settlement statements / security release Change parties to loan agreement or owners to title Registrations affecting land titles Priorities | $100.00* |
| Release of repaid mortgage | $50.00 |
At the end of your loan we can hold your mortgage documents for future lending or safe keeping, at no additional charge.
*Urgent requests for settlement statements or changes to loan arrangements will incur an additional fee of $25.00.
Changing loan types
If you change your loan type or move to a new fixed interest rate you will incur a switch fee of $250.00.
Fixed interest rate loans - advanced on or after 1 April 2005
For partial or full repayments of a fixed rate loan before the end of the fixed rate period an early repayment adjustment administration fee of $50.00 will apply. This will be charged in conjunction with any early repayment adjustments.Unpaid local body rates
If ASB has to collect unpaid rates on behalf of a local council these fees will be applicable:
- Local body rates demand notice - $50.00.
- Plus additional charge if ASB has to make a rates payment - $60.00.
Loan default
If you default on your loan and the deduction account is overdrawn or in excess of any agreed limit, or the balance owing under your loan account exceeds the loan amount or the reducing limit, interest will be calculated daily on the overdrawn amount at the Unarranged Overdraft Interest Rate, until it is paid in full. Please note this interest rate is subject to change at any time.
| Unarranged Overdraft Interest Rate | 22.50% p.a. |
If you default on the terms of your loan and we have to write to you, you will be charged a fee of $50.00.