Balanced Home Loan (Principal & Interest)
- Last updated on 26 May 2020
based on $300,000 loan amount for 25 years
- 100% full offset account
- Suitable for low deposits
- Parents can sign as guarantor
- Extra repayments + redraw services
- Annual fee charged
- Discharge fee at end of loan
- Repayments may increase if RBA raises rates
Interest rate structure
$50k - $2.5m
Principal & interest
Loan term range
1 - 30 years
100% offset account
Unlimited extra repayments
Redraw fee: $0
Allows split interest
Investors, Owner Occupiers
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Estimated upfront fees
Minimum SMSF Amount
Compare and review home loans with similar features
The company has a call centre and headquarters in Melbourne but no branch access. They specialise in mortgage finance and manage mortgages on behalf of other bank and non-bank lenders, as well as offering a range of loan products. These include home loans, commercial and investment loans and superannuation and insurance.
Australian Financial has been named one of Australia’s top 10 originators by The Adviser for five consecutive years.
Australian Financial Home Loan Calculator
Interested in an Australian Financial home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Australian Financial compares to its competitors. Simply plug in your borrowing amount below.
Your $100 gift card works just like a digital VISA debit card and can be used anywhere that these cards are accepted until its balance runs out.
An offset account functions as a transaction account that is linked to your home loan. The balance of this account is offset daily against the loan amount and reduces the amount of principal that you pay interest on.
By using an offset account it’s possible to reduce the length of your loan and the total amount of interest payed by thousands of dollars.
Example: If you have a mortgage of $500,000 but holding an offset account with $50,000, you will only pay interest on $450,000 rather then $500,000.