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- Home Owners Dream Fixed Cash Back
Home Owners Dream Fixed Cash Back
- Owner Occupied
- Fixed 3 years
- 20% min deposit
- P&I
Interest rate p.a.
5.99%
Comparison rate* p.a.
6.29%
Home Owners Dream Fixed Cash Back
- Owner Occupied
- Fixed 3 years
- 20% min deposit
- P&I
Interest rate p.a.
5.99%
Comparison rate* p.a.
6.29%
Reduce Home Loans Fixed - 3 years Rate Home Loan overview
For Home Owners Dream Fixed Cashback 3 Years (LVR < 80%)
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
80%
Total repayments
Interest rate type
Fixed - 3 years
Borrowing range
$250k - $3.5m
Suitable for
Owner Occupiers
Loan term range
1 - 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 Reduce Home Loans Pty Ltd to view Target Market Determination.
Features
Extra repayments
Allowed with restrictions
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
100% offset account available at $10/month. You may be eligible for a 0.10% discount after 5 years of good payment conduct; speak to your credit representative for more information. Add 0.10% to waive upfront fees ($697) on loans over $150k.
Fees
Total estimated upfront fees
$440
Application fee
$440
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$0
Pros and Cons
For Home Owners Dream Fixed Cash Back
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Limited extra repayments
- No offset account
- Loan reverts to higher rate after fixed period
- Higher than average upfront fee
- No repayment holidays
