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Ratebusters AFG Retro Pro Loan

Features

The AFG Retro Pro Loan offers reasonable variable interest rates however the specific rate will depend on how much you borrow, how big your deposit is and whether you’re an owner-occupier or an investor, with the best rates going to people who are borrowing sizeable amounts, with a decent deposit and intend to live in the home.

This home loan has a 100 per cent offset account. It will also allow you to make additional repayments and redraw these payments from the offered redraw facility penalty-free, however, there are minimum and maximum amounts that can be redrawn.

Under the AFG Retro Pro Loan, investors have the choice to make principal and interest or interest-only repayments, with the interest-only option subject to a higher interest rate.

Owner-occupiers can only make principal and interest repayments.

Who is the Ratebusters AFG Retro Pro Loan good for?

The AFG Retro Pro Loan is designed for both owner-occupiers and investors with lower rates for owner-occupiers and an interest-free option for investors.

Review - What RateCity says

The AFG Retro Pro Loan offers moderate variable rates, but more importantly, it includes ways for you to reduce home loan costs through additional repayments and use of a 100 per cent offset account.

Ratebusters AFG Retro Pro Loan Options

The Ratebusters AFG Retro Pro Loan is offered at different borrowing amounts to both owner-occupiers and investors. Find out more information about these options below.

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Variable Rates from

4.00%

Advertised rate

4.34%

Comparison rate
Pros
  • 100 per cent offset account.
  • Redraw facility.
  • Interest-only option for investors.
Cons
  • Discharge fee.
  • No branch access.
  • No interest-only option for owner-occupiers.
Eligibility

Must be able to provide proof of income.

Must be over 18 years of age.

Must meet serviceability criteria.

Suitable For
  • First Home Buyers
  • Owner-Occupiers
  • Refinancers
  • Investors
Fees
  • Estimated upfront fees: $150
  • Discharge fees: $350
  • Ongoing fees: $0

Customers are charged a low start-up fee and a moderate discharge fee charged at the completion of the loan term.

Features
  • Redraw facility
  • 100% offset account
  • Unlimited extra repayments
  • Weekly repayments
  • Fortnightly repayments
  • Monthly repayments
  • Loan allows split interest rate
About Ratebusters

Ratebusters is an online home loan lender which means all transactions and home loans are handled online and through telephone support. Ratebusters has no service centres or branches and is designed just for loan borrowers who enjoy the ease of doing business online.

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