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- Fixed Rate Home Loan
Fixed Rate Home Loan
- Owner Occupied
- Fixed 3 years
- 5% min deposit
- P&I
Interest rate p.a.
5.48%
Comparison rate* p.a.
6.24%
Fixed Rate Home Loan
- Owner Occupied
- Fixed 3 years
- 5% min deposit
- P&I
Interest rate p.a.
5.48%
Comparison rate* p.a.
6.24%
Australian Mutual Bank Fixed - 3 years Rate Home Loan overview
For Fixed Rate Home Loan 3 Years
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
95%
Total repayments
Interest rate type
Fixed - 3 years
Borrowing range
$20k - $10m
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
Allowed with restrictions
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
No annual fee on SCU credit card (optional), no approval fees on personal and car loans, free first appointment with financial planner
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 Fixed Rate Home Loan
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Suitable for low deposits
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Limited extra repayments
- No offset account
- Loan reverts to higher rate after fixed period
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
