Allows you to make Interest Only payments towards your investment home loans for 1 year.
Category: Home Loans Last Updated October 4, 2024 Effective November 1, 2024
General Lending Rates
Rates listed below are for a VARIABLE INVESTMENT P&I product. Additional Information
Interest Rate 6.19% PA
Comparison Rate 6.28%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Features
Redraw
Unlimited Txns
Digital Banking
Npp Enabled
Npp Payid
Notifications
OtherAdditional Information: Additional repayments. Unlimited additional repayments and early payout options. Early payout incurs break costs.
OtherAdditional Information: Automatic Repayments can be set up from salary, LCU account, or external account
OtherAdditional Information: Flexible repayments. Weekly, fortnightly or monthly
OtherAdditional Information: No ongoing Fees. No annual, monthly or weekly fees
OtherAdditional Information: Split Loans. Have the flexibility to split your loan between fixed and variable products
OtherAdditional Information: Interest calculated daily and applied monthly
OtherAdditional Information: Repayment type Interest Only
OtherAdditional Information: Application fee of $200 payable on funding of your loan
Product Eligibility
Natural Person
Residency Status - At Least One Borrower Must Be An Australian Resident. .
Min Age - 18.
Employment Status - Income Required To Service Loan. Applicant Must Meet Lcu Lending Criteria. Additional Information:
OtherAdditional Information: Security on Australian Residential Property (1st mortgage)
OtherAdditional Information: Maximum borrowing capacity (LVR) is 80% of valuation, 70% for land or rural properties, with no LMI or 95% with LMI
OtherAdditional Information: 1 year
OtherAdditional Information: Maximum loan term. Loan will be renegotiated at the end of the term - max 30 years.