Important disclosure

Coastline Credit Union

Variable Residential Investment Loan

  • Investor
  • Variable
  • 40% min deposit
  • P&I
Interest Rate

7.24%

p.a

Comparison Rate*

7.39%

p.a

Real Time Rating™
Tags
  • Investor
  • Variable
  • 40% min deposit
  • P&I
Interest Rate

7.24%

p.a

Comparison Rate*

7.39%

p.a

ly Repayment

$0

based on $250,000 loan amount for 25 years at 7.24%

Variable Residential Investment Loan

No owner occupier products available.

Coastline Credit Union Variable Rate Home loan overview

For Variable Residential Investment Loan (LVR ≤ 60%)

Details

Maximum LVR

60%

Total Repayments

Interest rate type

Variable

Borrowing range

Suitable for

Investors

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

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

Valuation fee

$0

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$8

Discharge fee

$160

Pros and cons

For Variable Residential Investment Loan (LVR ≤ 60%)

Benefits

  • Parents can sign as guarantor
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

Drawbacks

  • No offset account
  • 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
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Interest Rate

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Comparison Rate*

7.41%

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Cashback

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Interest Rate

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p.a

Comparison Rate*

7.24%

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Interest Rate

6.29%

p.a

Comparison Rate*

6.20%

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $5k 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 60 percent, which means it requires a minimum deposit of 40 percent

What's the maximum length for this loan?

Coastline Credit Union allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Coastline Credit Union 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 $600 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.

How do you apply for this loan?

To apply for this loan, please contact Coastline Credit Union.