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- First Home Loan Fixed (Interest Only) (LVR < 90%) 3 Years
First Home Loan
- Owner Occupied
- Fixed 3 years
- 5% min deposit
- Interest Only
Interest rate p.a.
5.59%
Comparison rate* p.a.
5.85%
First Home Loan
- Owner Occupied
- Fixed 3 years
- 5% min deposit
- Interest Only
Interest rate p.a.
5.59%
Comparison rate* p.a.
5.85%
Calculate your repayments for this loan
Your estimated repayment
$2,329
based on 500000 loan amount for 25 years at 5.59%
Monthly Repayment
$2,329
Total interest
$872,250
Total payments
$872,250
Start date
04-2024
End date
04-2049
Pros and Cons
For First Home Loan
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Suitable for low deposits
- Split account option
Drawbacks
- Limited extra repayments
- No redraw and no offset
- Loan reverts to higher rate after fixed period
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
Border Bank Fixed - 3 years Rate Home Loan overview
For First Home Loan Fixed (Interest Only) (LVR 80%-95%) 3 Years
Details
Maximum LVR
95%
Total repayments
$872,250
Interest rate type
Fixed - 3 years
Borrowing range
$50k - $2m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Interest only
Applicable states
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Border Bank to view Target Market Determination.
Features
Extra repayments
Allowed with restrictions
Redraw facility
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$600
Application fee
$600
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$294
Other Restrictions
Early exit fee may apply.
Promoted home loan products
Variable Rate Home Loan LVR < 80%
Real Time Rating™
- 2024 Award Winner
- Special
- Owner Occupied
- Variable
Interest rate p.a.
5.99%
Comparison rate* p.a.
5.90%
Australian Credit Licence 234945
Fees & charges apply
Executive Saver Home Loan
Real Time Rating™
- Owner Occupied
- Variable
- 50% min deposit
- P&I
Interest rate p.a.
5.99%
Comparison rate* p.a.
6.04%
Australian Credit Licence 393283
Fees & charges apply
Base Variable Rate Home Loan
Real Time Rating™
- Investor
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
7.36%
Comparison rate* p.a.
7.41%
Australian Credit Licence 230686
Fees & charges apply
Advantage Plus
Real Time Rating™
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
7.24%
Comparison rate* p.a.
7.55%
Australian Credit Licence 243099
Fees & charges apply
Product data updated on 27 Apr 2024