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- Smart Home Loan
Smart Home Loan
- Investor
- Variable
- 5.01% min deposit
- P&I
Interest rate p.a.
7.44%
Comparison rate* p.a.
7.57%
Smart Home Loan
- Investor
- Variable
- 5.01% min deposit
- P&I
Interest rate p.a.
7.44%
Comparison rate* p.a.
7.57%
Northern Inland Variable Rate Home Loan overview
For Smart Investment Loan
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
94.99%
Total repayments
Interest rate type
Variable
Borrowing range
$20k - $100m
Suitable for
Investors
Loan term range
0 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Northern Inland Credit Union to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$600
Application fee
$600
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$8
Discharge fee
$200
Pros and Cons
For Smart Home Loan
Benefits
- 100% full offset account
- Suitable for low deposits
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Higher than average interest rate
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
