Fixed Rate Investment Loan 1 Year (Interest Only)
- Last updated on 26 May 2020
Discount Variable Home Loan
Make the move to UBank's award winning home loan
2.59%
Variable
2.59%
Owner Occupier Discounted Variable Rate
2.89%
Fixed - 1 year
3.57%
$1,039
based on $300,000 loan amount for 25 years
Pros
- No ongoing fees
- Suitable for low deposits
- Parents can sign as guarantor
- Extra repayments + redraw services
Cons
- Discharge fee at end of loan
- Repayments won't decrease if RBA cuts rates
Maximum LVR 95% | Interest rate structure Fixed - 1 year |
Borrowing range $20k - $5m | Total Repayments $216,720 |
Principal & interest | Interest only |
Loan term range 1 - 30 years | Offset account No |
Extra repayments Unlimited extra repayments | Redraw facility Redraw fee: $0 |
Allows split interest | Suitable For Investors |
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA | |
Estimated upfront fees $286 | Application fee $0 |
Settlement fee $0 | Valuation fee $0 |
Legal fee $286 | Ongoing fee $0 |
Discharge fee $180 | Property Type |
SMSF Trustee | Minimum SMSF Amount |
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Endeavour Mutual Bank has been providing banking services to the community for over 60 years. Having previously operated as Select Encompass Credit Union, its name changed to Endeavour Mutual Bank in February 2018.
Members own the bank through its mutual structure and all profits are reinvested in the mutual bank to benefit members.
Endeavour Mutual Bank also assists in the financial education of youth and supports projects to alleviate poverty in some of the poorest communities in South East Asia and the Pacific through its own charitable foundation, the Australian Mutuals Foundation (AMF).
Endeavour Mutual Bank Home Loan Calculator
Interested in an Endeavour Mutual Bank home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Endeavour Mutual Bank compares to its competitors. Simply plug in your borrowing amount below.
