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- GumLeaf Standard Variable Owner Occupied
GumLeaf Standard Variable Owner Occupied
- 2024 Award Winner
- Owner Occupied
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
5.99%
Comparison rate* p.a.
6.06%
GumLeaf Standard Variable Owner Occupied
- 2024 Award Winner
- Owner Occupied
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
5.99%
Comparison rate* p.a.
6.06%
Australian Mutual Bank Variable Rate Home Loan overview
For GumLeaf Standard Variable Owner Occupied (Principal and Interest) (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, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Australian Mutual Bank 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
$250
Application fee
$250
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$180
Pros and Cons
For GumLeaf Standard Variable Owner Occupied
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- 100% full offset account
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
- Winner of Best Offset Home Loan, RateCity Gold Awards 2024
Drawbacks
- Higher than average upfront fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 60% of the property's value
- No repayment holidays