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<calculator>
 <vos>
 <common>
 <AssumptionText type="cdata"><![CDATA[ Calculator Information
 
 The Mortgage Offset Calculator gives an indication of the interest and time you could save 
			by having money in your Offset Account and is based on the client specific assumptions entered.
 <div class="ic-hrline">
 </div>
 Calculator Assumptions
 Length of Month 
 
 All months are assumed to be of equal length. In reality, many loans accrue interest on 
			a daily basis which means monthly interest charges may vary depending on the number 
			of days in the particular month.
 Number of Weeks &amp; Fortnights in a Year
 
 One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes 
			that a year has 364 days rather than the actual 365 or 366.
 Rounding of Amount of Each Repayment
 
 In practice, repayments are rounded to at least the nearer cent. However the calculator 
			uses the unrounded repayment to derive the amount of interest payable at points along the 
			graph and in total over the full term of the loan. This assumption allows for a smooth 
			graph and equal repayment amounts.
 Interest Rate
 
 The interest rate used in this calculation is the ING Orange Advantage Rate for investment purposes 
 (which is a variable interest rate based on principal & interest repayments) and may change at any time without notice.
 
 ]]></AssumptionText>
 <Footer type="cdata"><![CDATA[Note: The results are an approximate guide and should not be used as exact values 
 for financial planning purposes. The results do not constitute an offer to provide credit and do not imply 
 that credit is available. The formulae used within this calculator may change at any time without notice. 
 Applications are subject to ING’s usual credit assessment. Fees and charges apply. Full details of 
 terms and conditions, including fees and charges are available on request. 
 Calculator © InfoChoice 2020.]]></Footer>
 </common>
 <MortgageOffset>
 <LoanAmount type="num" default="300000" min="40000" max="3000000" step="1000" />
 <LoanAmountRanges value="0,1000000,2000000,5000000" />
 <LoanAmountValues value="10000,50000,200000" />
 <LoanAmountInputMax value="5000000" />
 <LoanTerm type="num" default="25" min="1" max="30" />
 <InterestRate type="num" step="0.01" min="0.25" default="5.42" max="25" />
 <Repayments type="list">Monthly,Fortnightly,Weekly</Repayments>
 <OffsetAccountBalance type="num" default="0" min="0" max="1000000" step="1000" />
 <OffsetAccountStartedAfter type="num" default="0" min="0" max="30" />
 <OffsetAccountBalanceRanges value="0,500000,1000000" />
 <OffsetAccountBalanceValues value="10000,50000" />
 <OffsetAccountBalanceInputMax value="2000000" />
 </MortgageOffset>
 </vos>
 <components>
 <MortgageOffsetPanel title="Mortgage Offset" />
 <TitleLabel label="My Home Loan" />
 <TitleLabelSecond label="Your Offset Account Details" />
 <LoanAmountForm label="Loan Amount" />
 <LoanPeriodForm label="Loan Period" />
 <LoanTypeForm label="Loan Type" />
 <InterestRateForm label="Interest Rate" />
 <RepaymentFrequencyForm label="Repayment Frequency" />
 <OffsetAccountBalanceForm label="Offset Account Balance" />
 
 <OffsetAccountStartedAfterForm label="Offset Account started after" />
 <InterestSavedForm label="Interest you &lt;br&gt;could save" />
 <TimeSavedForm label="Time you &lt;br&gt;could save" />
 </components>
</calculator>

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