product logo

Low Rate Low Fee Variable Investment Loan (Principal and Interest)

Compare

Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros and Cons

Pros:
  • Extra repayments + redraw services
  • Free redraw facility
  • Repayments may decrease if RBA cuts rates
Cons:
  • Limited extra repayments
  • Annual fee charged
  • Discharge fee at end of loan
  • Repayments may increase if RBA raises rates
Advertisement
Advertisement

Fees and Features

Maximum LVR
Maximum LVR
80%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$200k - $2m
Total repayments
Total repayments
$383,700
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
25 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Allowed with restrictions
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForInvestors
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$638.00
Application fee
Application fee
$0
Settlement fee
Settlement fee
$275
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$363
Ongoing fee
Ongoing fee
$120 annually
Discharge fee
Discharge fee
$295
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount
Maximum LVR
Maximum LVR
80%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$200k - $2m
Total repayments
Total repayments
$383,700
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
25 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Allowed with restrictions
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForInvestors
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$638.00
Application fee
Application fee
$0
Settlement fee
Settlement fee
$275
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$363
Ongoing fee
Ongoing fee
$120 annually
Discharge fee
Discharge fee
$295
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount

Australian First Mortgage (AFM) is a wholly Australian-owned non-bank lender providing competitive residential home loans for all types of borrowers. With 5 different funding lines and more than 500 home loan products, AFM can provide solutions when other lenders can’t. Established in 2003, AFM’s head office is in Broadbeach, Queensland, but operates throughout Australia.

Compare your product with the big 4 banks, or add more products to compare
As seen on