Yellow Brick Road Rate Smasher


One of the most attractive features of the Rate Smasher home loan is the very low variable interest rate offered.

Another great feature is that customers can enjoy being charged $0 in ongoing fees throughout the duration of their loan.

However, there is only the option to make principal and interest repayments via direct debit or salary credit and there is no 100 per cent offset account offered with this home loan.

Customers also do not have access to an ATM cash card. Although, you do have the ability to make an unlimited number of additional repayments on this loan, and you can also redraw these extra payments through the redraw facility for free online.

You can go into a Yellow Brick Road branch to use the redraw facility, but you will be charged a fee for any manual redraws. The Rate Smasher home loan is available for borrowing of between $100,000 and $750,000 loans, at the time of writing.

In order to be eligible for the Rate Smasher home loan, you can only borrow up to 70 per cent of a property’s value. In other words, borrowers will be required to have a minimum deposit or equity of 30 per cent of the property price.

This home loan is offered only to owner-occupiers who are refinancing or purchasing a property, including first home buyers.

Who is the Yellow Brick Road Rate Smasher good for?

This home loan is offered to owner-occupiers only who are either purchasing or refinancing a home.

It may be suited to a first home buyer. This could be a good loan option if you are an owner-occupier looking for a simple home loan at a low variable interest rate.

Review - What RateCity says

The Rate Smasher Home Loan could be a good option if you’re an owner-occupier looking for a home loan that offers simplicity by not being overloaded with features.

The very low variable rate offered with this home loan makes it an attractive option if you meet the minimum and maximum borrowing amount. It’s worth deciding what features you’d like to get from your home loan to see if the Rate Smasher Home Loan is the best option for you.

Yellow Brick Road Rate Smasher Options

The Yellow Brick Road Rate Smasher home loan is available for owner-occupier borrowers only.

  • Very low variable interest rate.
  • $0 in ongoing fees.
  • Unlimited additional repayments.
  • No 100 per cent offset account.
  • Upfront fees may apply.
  • Moderately-high discharge fee.

Must meet minimum employment period.

Must be able to provide proof of income.

Must be over 18 years of age.

Must meet the lender’s serviceability criteria.

About Yellow Brick Road

Yellow Brick Road has branches throughout Australia and offers online banking and full wealth management services and products.

The wealth managers at Yellow Brick Road are small business owners who have a special interest vested in the local community.

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