- Home
- Home Loans
- Coastline Credit Union
- Minimiser Home Loan (LVR ≤ 60%)
Minimiser Home Loan
- Owner Occupied
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
7.14%
Comparison rate* p.a.
7.29%
Minimiser Home Loan
- Owner Occupied
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
7.14%
Comparison rate* p.a.
7.29%
Calculate your repayments for this loan
$
Your estimated repayment
$3,374
based on 500000 loan amount for 25 years at 7.14%
Monthly Repayment
$3,374
Total interest
$714,516
Total payments
$1,214,516
Start date
04-2024
End date
04-2049
$1,214,516
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For Minimiser Home Loan
Benefits
- 100% full offset account
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Higher than average interest rate
- Ongoing fee
- 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
Coastline Credit Union Variable Rate Home Loan overview
For Minimiser Home Loan (LVR ≤ 60%)
Details
Maximum LVR
60%
Total repayments
$1,214,516
Interest rate type
Variable
Borrowing range
$150k - $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 Coastline Credit Union 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
$600
Application fee
$250
Legal fee
$350
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$8
Discharge fee
$160
