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- Arab Bank Australia
- Basic Low Rate Home Loan Offer
Basic Low Rate Home Loan Offer
- 2024 Award Winner
- Owner Occupied
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
5.75%
Comparison rate* p.a.
5.88%
Basic Low Rate Home Loan Offer
- 2024 Award Winner
- Owner Occupied
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
5.75%
Comparison rate* p.a.
5.88%
Arab Bank Australia Variable Rate Home Loan overview
For The Basics Low Rate Home Loan Offer (LVR < 60%)
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
60%
Total repayments
Interest rate type
Variable
Borrowing range
$50k - $100m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Arab Bank Australia Ltd 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
$115
Pros and Cons
For Basic Low Rate Home Loan Offer
Benefits
- Interest rates ranked in the best 20%
- Extra repayments and redraw facility
- Free redraw facility
- Winner of Best Refinance Home Loan, RateCity Gold Awards 2024
Drawbacks
- No offset account
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 60% of the property's value
