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Endeavour Mutual Bank

Mortgage Secured Overdraft

Advertised Rate

4.00

% p.a

Variable

Comparison Rate*

4.04

% p.a

Maximum LVR
95%
Real Time Rating™

0.00

/ 5
Monthly Repayment

$1,584

based on $300,000 loan amount for 25 years at 4.00%

Advertised Rate

4.00

% p.a

Variable

Comparison Rate*

4.04

% p.a

Maximum LVR
95%
Real Time Rating™

0.00

/ 5
Monthly Repayment

$1,584

based on $300,000 loan amount for 25 years at 4.00%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,584

based on $300,000 loan amount for 25 years at 4.00%

Quick home loan review

For Mortgage Secured Overdraft

These are the benefits of this home loan.

  • Suitable for low deposits
  • Parents can sign as guarantor

These are the drawbacks of this home loan.

  • No redraw and no offset
  • Higher than average interest rate
  • Ongoing fee
  • Higher than average upfront fee
  • Discharge fee at end of loan

Home loan overview

For Mortgage Secured Overdraft

TMD

Details

Maximum LVR

95%

Total Repayments

Next LVR

Interest rate type

Variable

Borrowing range

Suitable for

Line of Credit, Owner Occupiers

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Unlimited extra repayments

Redraw facility

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

786

Application fee

250

Valuation fee

$250

Settlement fee

0

Other upfront fee

0

Ongoing fee

$100 annually

Discharge fee

180

Application method

Online

Phone

In branch

Target Market Determination

Visit Endeavour Mutual Bank to view Target Market Determination.

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $10k to $50k.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 95 percent, which means it requires a minimum deposit of 5 percent

What's the maximum length for this loan?

Endeavour Mutual Bank allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Endeavour Mutual Bank 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 $786 worth of upfront fees.

Does this loan come with a redraw facility?

No, this loan doesn't come with a redraw facility.

Where can you apply for this loan?

Endeavour Mutual Bank makes it possible to apply for this product online. Apply here.

Can a broker help me with this loan?

Yes, this Endeavour Mutual Bank loan is available through a broker. Find a broker to help you with your needs.