Fix and Prepay 2017

If you are looking for savings, service and certainty, June is the perfect time to lock in a discounted rate and take advantage of the potential tax advantages of a fixed and prepaid loan.

Three reasons to fix and prepay

Savings: Take advantage of discounted interest rates for fixed rate loans.

Certainty: Be certain of your borrowing costs.

Potential Tax Benefit: Pay up to 12 months interest in advance and you may be able to claim the amount as a tax deduction in the current financial year.

Click here to watch a video about these potential benefits.

Important Dates

When do I need to apply by?

We recommend submitting your “Fix and Prepay Interest” application form before Monday 26 June 2017 to be confident of having your application form processed before 30 June 2017. Applications and requests are subject to our approval and lending criteria may apply.

ActionSuggested last date for application submissions for processing before the end of the financial year
Application to open a new facilityMonday 19 June 2017

Changes to nominated bank account or direct debit arrangements

Monday 26 June 2017 or two days prior to your direct debit date

Fix and Prepay Interest’ application form

5pm Sydney time, Friday 30 June, 2017.

We must receive your application form and interest payment in cleared funds by no later than this time. Therefore, you should consider the timing of your payment method. Please contact us if you require further information.

Case study

Please click here to download our case study.

Acknowledgements

By signing a ‘Fix and Prepay Interest’ application form, you acknowledge and agree that:

  • All quotes for interest rates are indicative and only valid for the time at which they are given. Up to date rates are available from us. The fixed interest rate applicable to your fixed rate loan will be set by us at the start of the term.
  • No member of the Bendigo and Adelaide Bank Group accepts liability for any loss or other consequence(s) of not fully receiving or acting on an application form, instruction or payment within any applicable time period.
  • If you instruct us to capitalise interest to your facility and this is likely, in our opinion, to result in a Margin Call or put your facility into the Buffer, then we may not accept your application for a fixed rate loan.
  • Interest paid in advance is not refundable and cannot carry over to future periods.
  • The interest amount payable will be calculated on the amount specified in the application form as if the fixed rate loan is fully drawn down at the start of the term.
  • Interest is not earned on any unutilised fixed rate loan or credit balance on the loan facility.
  • If you are currently managing a fixed rate loan with us and decide to fix a new loan, we will continue to manage your facility when the new fixed loan starts. The target facility balance will be set as the new fixed loan amount.

Before deciding to apply we recommend you speak to your financial adviser. You should consider the following points:

  • Once we accept your ‘Fix and Prepay Interest’ application form, you may not be able to change or withdraw your request.
  • Generally, you cannot repay or terminate a fixed rate loan or change how interest is paid during the term.
  • If we agree to withdraw, change, break or cancel your fixed rate loan then any interest paid in advance is not refundable and you may incur break costs.
  • After the expiry of the fixed rate term, the interest rate will revert to the prevailing variable interest rate on your facility.

Important notices

Unless otherwise specified, references to ‘we’, ‘us’ or ‘our’ in this website means Leveraged Equities Limited (ABN 26 051 629 282, AFSL 360118) (‘LE’) or Adelaide Equity Finance (ABN 17 008 614 122 ) (‘AEF’) either:

  • in its capacity as lender for the Margin Loan, Investment Funds Multiplier or Investment Loan; or
  • in its capacity as trustee of any trust related to the Margin Loan or Investment Funds Multiplier; or
  • in its capacity as the manager of a Margin Loan or Investment Loan.

The information contained on these pages is correct as at 1 April 2017 and is subject to change. The content has been prepared by LE. No other party named or identified in this website or any of their respective bodies corporate are responsible for the preparation or content of this website. These pages contains general advice only in relation to margin lending. They have not been prepared with reference to the investment needs of any particular investor and should not be relied on as such. ˆThis is not intended as tax advice, please consult a registered tax agent.

You should read and consider the relevant Product Disclosure Statement (PDS), Product Guide, including the terms and conditions before deciding whether to apply for or continue with a loan. To obtain a copy of the PDS and Product Guide please call 1300 307 807, visit leveraged.com.au or contact your financial adviser.

We recommend that investors seek their own independent financial, legal and taxation advice before making any decision about investing or taking any action in relation to the material on these web pages. Lending and other approval criteria on the risks and suitability of this product may apply. Interest rates are indicative and are subject to change at any time. Fees, charges and government taxes may be payable. Not suitable for a self managed superannuation fund.

LE is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). Any obligation of LE or money held in a facility are not deposits with or other liabilities of Bendigo and Adelaide Bank Limited (ABN 11 068 049 178, AFSL 237879), any other entity in the Bendigo and Adelaide Bank Group, any other deposit-taking institution or any other entity named in any document related to the Leveraged Equities Margin Loan.