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- GumLeaf Basic Variable Owner Occupied (Principal and Interest) (LVR < 60%)
GumLeaf Basic Variable Owner Occupied
- Owner Occupied
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
5.89%
Comparison rate* p.a.
5.96%
GumLeaf Basic Variable Owner Occupied
- Owner Occupied
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
5.89%
Comparison rate* p.a.
5.96%
Calculate your repayments for this loan
$
Your estimated repayment
$2,962
based on 500000 loan amount for 25 years at 5.89%
Monthly Repayment
$2,962
Total interest
$566,494
Total payments
$1,066,494
Start date
05-2024
End date
05-2049
$1,066,494
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For GumLeaf Basic Variable Owner Occupied
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- No offset account
- 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
Australian Mutual Bank Variable Rate Home Loan overview
For GumLeaf Basic Variable Owner Occupied (Principal and Interest) (LVR < 60%)
Details
Maximum LVR
60%
Total repayments
$1,066,494
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
