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- Straight Up Variable Home Loan (Interest Only) (LVR < 50%)
Straight Up Owner Occupied (Interest Only)
- Owner Occupied
- Variable
- 50% min deposit
- Interest Only
Interest rate p.a.
6.49%
Comparison rate* p.a.
6.35%
Straight Up Owner Occupied (Interest Only)
- Owner Occupied
- Variable
- 50% min deposit
- Interest Only
Interest rate p.a.
6.49%
Comparison rate* p.a.
6.35%
Calculate your repayments for this loan
$
Your estimated repayment
$2,704
based on 500000 loan amount for 25 years at 6.49%
Monthly Repayment
$2,704
Total interest
$973,500
Total payments
$973,500
Start date
05-2024
End date
05-2049
$973,500
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For Straight Up Owner Occupied (Interest Only)
Benefits
- Interest rates ranked in the best 20%
- No upfront or ongoing fees
- Extra repayments and redraw facility
- Free redraw facility
Drawbacks
- No offset account
- Maximum loan amount is limited to 50% of the property's value
- No repayment holidays
Athena Variable Rate Home Loan overview
For Straight Up Variable Home Loan (Interest Only) (LVR < 50%)
Details
Maximum LVR
50%
Total repayments
$973,500
Interest rate type
Variable
Borrowing range
$100k - $2m
Suitable for
Owner Occupiers
Loan term range
10 - 30 years
Repayment type
Interest only
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Athena Home Loans Pty 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
$0
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$0
