RateCity.com.au
powering smart financial decisions
Bank Australia

Premium Home Loan Package

Interest rate

2.90

% p.a

Fixed - 1 year

Comparison Rate*

3.12

% p.a

Maximum LVR
80%
Real Time Rating™

3.10

/ 5
Monthly Repayment

$1,407

based on $300,000 loan amount for 25 years at 2.90%

Interest rate

2.90

% p.a

Fixed - 1 year

Comparison Rate*

3.12

% p.a

Maximum LVR
80%
Real Time Rating™

3.10

/ 5
Monthly Repayment

$1,407

based on $300,000 loan amount for 25 years at 2.90%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,407

based on $300,000 loan amount for 25 years at 2.90%

Quick home loan review

For Premium Package Investment Loan Fixed (Interest Only) 1 Year (LVR 70%-80%)

These are the benefits of this home loan.

  • Lower than average interest rate
  • No ongoing fees
  • 100% full offset account
  • Parents can sign as guarantor
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • Loan reverts to higher rate after fixed period
  • Higher than average upfront fee
  • Discharge fee at end of loan

Home loan overview

For Premium Package Investment Loan Fixed (Interest Only) 1 Year (LVR 70%-80%)

TMD

Details

Maximum LVR

80%

Total Repayments

Next LVR

Interest rate type

Fixed - 1 year

Borrowing range

Suitable for

Investors

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Unlimited extra repayments

Redraw facility

Redraw fee: $0

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

595

Application fee

595

Valuation fee

$0

Settlement fee

0

Other upfront fee

0

Ongoing fee

$0

Discharge fee

250

Application method

Online

Phone

In branch

Target Market Determination

Visit Bank Australia to view Target Market Determination.

Other Benefits

Eligible for a 0.40% p.a. discount off your interest rate for up to five years on buying or building a NatHERS rated 7 Star or higher home, or planning sustainable upgrades

Embed

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $10k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 80 percent, which means it requires a minimum deposit of 20 percent

What's the maximum length for this loan?

Bank Australia allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Bank Australia allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $595 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

Where can you apply for this loan?

Bank Australia makes it possible to apply for this product online. Apply here.

Can a broker help me with this loan?

Yes, this Bank Australia loan is available through a broker. Find a broker to help you with your needs.