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- Premier Package with Introductory Rate (Owner Occupied)
Premier Package with Introductory Rate (Owner Occupied)
- Owner Occupied
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
6.40%
Comparison rate* p.a.
7.00%
Premier Package with Introductory Rate (Owner Occupied)
- Owner Occupied
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
6.40%
Comparison rate* p.a.
7.00%
Bank First Intro 36 months Rate Home Loan overview
For Premier Package Home Loan (LVR < 80%) Introductory Rate
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
80%
Total repayments
Interest rate type
Intro 36 months
Borrowing range
$200k - $2m
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 Bank First - Victoria Teachers Limited 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
Premier Package annual fee of $390 will be waived for the first year and charged annually thereafter.
Fees
Total estimated upfront fees
$400
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$400
Other upfront fee
$0
Ongoing fee
$390
Discharge fee
$395
Other Restrictions
Not available to existing Bank First owner occupied or investment home loan customers. Not available in conjunction with any other offer.
Pros and Cons
For Premier Package with Introductory Rate (Owner Occupied)
Benefits
- Interest rates ranked in the best 20%
- 100% full offset account
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Loan reverts to higher rate after introductory period
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
