RAMS have 61,000 customers......and nearly $14.5 billion worth of loans.
See link here from RAMS which confirms break fees of 1.5% to 2%. Thats about $300million or nearly 3 times their present market capitalisation......if they all refinanced today.
Bankwest paying out fees for new customers.....just confirms how valueable RAMS (or any lender for that matter) home loan really are.
http://www.rams.com.au/files/pdf/Fees%20Summary%201%20%20May%202007%20final.pdf RAMS Fees and Charges –1.05.2007
New Customers A Guide to RAMS Fees and Charges RAMS have provided this guide to help you determine the RAMS loan fees that may be payable...........
Early Repayment Fees Standard Variable, SmartWay, SmartWay Pro Pack, Smartway Low Doc, Low Doc, Line of Credit, Low Doc Line of Credit, RAMS Easy Start, Basic, Standard Pro Pack, Self
Year 1-2 – 2% of limit. Year 3 1.5% of limit.
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Very confident here......spoke to Julie (02 82186387) today from RAMS investor relations. She has had relatively few phone calls from investors (I am not surprised). Give her a ring.
RHG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
