Loan facility
IOOF WealthBuilder provides you with access to an attractive loan facility secured against your WealthBuilder investment. There are currently no loan fees, establishment fees or stamp duty payable. Please refer to the IOOF WealthBuilder PDS for more information about the loan facility.
Loans may only be provided to individual investors and must be for business and/or investment purposes (excluding residential investment properties). All loan applications are subject to IOOF approval.
| Current interest rates from 1 April 2012 | |
|---|---|
| Fixed rate paid annually in advance | 5.50% pa* |
| Quarterly variable rate paid annually in arrears | 5.41% pa* |
Current borrowing limits
The borrowing limits permitted against holdings in each Fund are:
| WealthBuilder Fund | Maximum borrowing limit |
|---|---|
| Easy Choice Options | |
| Capital Guaranteed Fund Fixed Interest Fund |
90% |
| Capital Stable Fund | 80% |
| Balanced Fund | 70% |
| Australian Shares Fund High Growth Fund |
60% |
| Custom Choice Options | |
| Australian Shares Fund - MultiMix Smaller Companies Fund - Perennial High Conviction Shares Fund - Perennial |
60% |
| International Shares Fund - MultiMix Global Property Securities Fund - Perennial Global Shares High Alpha Fund - Perennial |
50% |
Loan repayments
Loan repayments can be made by cheque or BPAY®
BPAY® provides a secure and convenient way to make your loan repayments through telephone or internet banking. The Biller Codes for the Loan Facility are listed in the 'Guide to making payments via BPAY®' document.