Ratebusters AFG Edge Loan


The Ratebusters AFG Edge loan has a maximum of $2 million, with a maximum loan term of 30 years.

Owner-occupiers can borrow up to 95 per cent of the property value, while investors can borrow up to 90 per cent. Lenders mortgage insurance is required on loans over 80 per cent.

The interest rate varies based on the size of the loan, the per cent of the property value that is borrowed and whether the loan will be repaid as principal and interest or interest-only.

Investors can make interest-only payments for up to 10 years, while some owner-occupiers will be allowed to make interest-only payments for up to five years, depending on how much equity they have in the loan.

Payments can be made weekly, fortnightly or monthly and customers are permitted to make additional repayments.

A free online redraw facility is available to access these repayments, however minimum redraw amounts apply.

This loan has no offset account available for those wanting to reduce the interest owed using their savings.

Who is the Ratebusters AFG Edge Loan good for?

The Ratebusters AFG Edge loan is good for homebuyers who want the flexibility of a competitive variable rate loan that is discounted depending upon the size of loan and deposit.

Investors may be attracted to the ability to make interest-only payments.

Review - What RateCity says

The Ratebusters AFG Edge loan is a variable rate loan that offers different interest rates depending on the circumstances of the loan.

The loan gives customers quite a bit of repayment flexibility through the option for additional repayments and redraw facility, which may suit those looking to pay off the loan quickly. However, there is no offset account to help reduce the interest owed on the loan.

Ratebusters offer varying interest rates based on the size of the loan, the per cent of property value borrowed and whether repayments are made as principal and interest and interest-only. The lower rates are given to loans over $500,000 and borrowing 80 per cent or less of the property value, which may make this loan more suitable for those with large deposits and requiring a larger loan.

Comparison rates will also vary significantly, so it’s worth investigating the requirements of your loan to see the comparison rate that will apply to your circumstances. 

Ratebusters AFG Edge Loan Options

The Ratebusters AFG Edge loan includes a number of different options. Click on a loan below to find out more information.

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  • Additional repayments allowed.
  • Competitive rates.
  • Redraw facility.
  • Ongoing annual fee.
  • No offset account.
  • No branch access.

Must be over 18 years of age.

Must be a citizen or permanent resident of Australia or New Zealand.

Must meet Ratebusters’s serviceability criteria.

Suitable For
  • First Home Buyers
  • Owner-Occupiers
  • Refinancers
  • Investors
  • Estimated upfront fees: $0 - $500.00
  • Discharge fees: $295 - $350
  • Ongoing fees: $120 annually - $395 annually

The Ratebusters AFG Edge loan has sizable upfront fees and also charges an ongoing annual fee.

Customers will also pay a moderate discharge fee and a split loan fee when applicable.

  • Redraw facility
  • 100% offset account
  • Unlimited extra repayments
  • Weekly repayments
  • Fortnightly repayments
  • Monthly repayments
  • Loan allows split interest rate
About Ratebusters
Ratebusters is an Australian online lender and a subsidiary of The Assured Group. They can be contacted online, via email or by phone on Monday to Friday.
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