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- First Home Buyer Special Fixed Loan
First Home Buyer Special Fixed Loan
- Owner Occupied
- Fixed 2 years
- 5% min deposit
- P&I
Interest rate p.a.
5.53%
Comparison rate* p.a.
6.30%
First Home Buyer Special Fixed Loan
- Owner Occupied
- Fixed 2 years
- 5% min deposit
- P&I
Interest rate p.a.
5.53%
Comparison rate* p.a.
6.30%
Australian Mutual Bank Fixed - 2 years Rate Home Loan overview
For Special First Home Buyer Fixed Home Loan (Principal and Interest) 2 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 - 2 years
Borrowing range
$100k - $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
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
$180
Pros and Cons
For First Home Buyer Special Fixed Loan
Benefits
- Interest rates ranked in the best 20%
- No upfront or ongoing fees
- Suitable for low deposits
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- No offset account
- Loan reverts to higher rate after fixed period
- Discharge fee at end of loan
- No repayment holidays
