Reply: 2.1
From: Les .
G'day Ian,
Just a couple of points that might help -
1. LOC loans have a higher %age rate than IO or P&I - approx. 0.5% ???
2. I believe the amount steps at each 1%
e.g. 80% = 0.5%, 81% = 0.6%, 82% = 0.7% etc.
(and those figures are an example only, but might...