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Fox Symes Home Loan Hotline 1300 551 236

Insurance

Credit Protection Insurance

Home loan repayments may still need to be made if you become involuntarily unemployed, suffer from an accident or sickness or if you suffer loss of life.

Fox Symes is an authorised distributor of St Andrew's which provides affordable and easy access to insurance at the time you take out a loan.

St Andrew's is an established Australian insurer with a solid history of partnering with financial institutions to deliver high quality insurance solutions.

St Andrew's provides Credit Protection Insurance to help protect your home loan repayments.

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Credit Protection Insurance is issued by St Andrew's Insurance (Australia) Pty Ltd ABN 89 075 044 656 AFSL No. 239649 and St Andrew's Life Insurance Pty Ltd ABN 98 105 176 243 (collectively referred to as St Andrew's). This insurance is not compulsory and can be obtained from an insurer of your choice. The information provided above is general advice only and does not take into account your personal objectives, financial situation or needs. To consider if this product is right for you and for full terms and conditions (including waiting periods, limitations and exclusions), please read the Product Disclosure Statement.

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Indicative Home Loan Savings Calculator Information

The Indicative Home Loan Savings Loan Calculator is a simplistic calculator which does not take into consideration the exact individual circumstances of the user. It calculates an approximate amount by which monthly repayments may be reduced and the interest savings based on a number of assumptions detailed below. The results from this calculator should be used as an indication only.

Assumptions

Monthly repayment reduced by

Compares the monthly repayment on the "home loan" assuming the remaining loan term is 30 years at the average standard variable rate of the big banks published by the RBA as at 02/12/2011 and the "other debts" are being repaid at minimum monthly repayment of 3% of the outstanding balance vs. the monthly repayment of the consolidated "home loan" and "other debts" assuming a Fox Symes 30 year home loan is provided at a rate 1% less than the average standard variable rate of the big banks published by the RBA as at 02/12/2011.

Interest Saved over life of loan

Compares the interest paid on the "home loan" assuming the remaining home loan term is 30 years at the average standard variable rate of the big banks as publicised by the RBA as at 02/12/2011 and the interest paid on the "other debts" assuming the "other debts" are amortised at 20% per annum over a 15 year period. vs. the interest paid on the combined "home loan" and "other debts" assuming a Fox Symes 30 year home loan is provided at a rate 1% less than the average standard variable rate of the big banks published by the RBA as at 02/12/2011.