The variable rates offered with the Pinnacle Plus Package Loan depend on the amount you are borrowing for your loan – and there is a high minimum loan amount that you have to be making in order to borrow under this loan.
The lower borrowing amount range has a high variable interest rate with the next range being moderately high.
However, you do have access to lower rates with this package by fixing your interest rate for one of the available fixed terms, with one- to three-year fixed periods having a very low interest rate and the rates for four- and five-year fixed periods being moderately low.
Though, be aware that after your fixed period is completed your rate reverts to the offered moderately high to high variable interest rates.
The features offered with the Pinnacle Plus Package Loan is dependent upon the amount you’re borrowing and whether you have a variable or fixed rate, but all package customers have access to fee-free transactional banking with a Beyond Bank savings account and higher term deposit interest rates.
The Pinnacle Plus Package Loan offers all variable rate customers and one year fixed rate customers a 100 per cent offset account, which is a transaction account that is linked to your home loan. The loan also has a redraw facility, which gives you access to any early repayments you’ve made.
Who is the Beyond Bank Pinnacle Plus Package Loan good for?
The Pinnacle Plus Package Loan is suited for both owner-occupiers and investors borrowing over the minimum amount and who are looking to fix their interest rate for a period, as you can take advantage of fixed rates ranging from moderately to very low.
A packaged home loan would also best suit borrowers looking for extra features out of their home loan such as fee-free and discounted Beyond Bank financial products.
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The Pinnacle Plus Package Loan has a variety of different options for different types of borrowers so you might be able to find one that suits your circumstances.
However, given the high variable interest rates and annual package fee, it is worth doing your research to see how much this loan will cost you in the long term.
You must be a member of Beyond Bank in order to take out this home loan and all of the features you are eligible for under the Pinnacle Plus Package Loan are only available through speaking to a representative, so it’s best suited if you know you want to be a part of Beyond Bank and give them a call to go over your needs.
Beyond Bank Pinnacle Plus Package Loan Options
To read more information about the fixed and variable rate options for both investors and owner-occupiers for the Pinnacle Plus Package Loan, click the following links.
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Advertised rate4.59%Fixed - 2 years
Advertised rate4.69%Fixed - 3 years
Advertised rate4.49%Fixed - 1 year
Advertised rate4.94%Fixed - 4 years
Advertised rate4.94%Fixed - 5 years
Advertised rate4.94%Fixed - 2 years
Advertised rate5.04%Fixed - 3 years
Advertised rate4.84%Fixed - 1 year
Advertised rate5.29%Fixed - 4 years
Advertised rate5.29%Fixed - 5 years