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- Green Construction Home Loan 90 (Interest Only)
Green Construction OO 90
- Owner Occupied
- Variable
- 10% min deposit
- Interest Only
Interest rate p.a.
6.64%
Comparison rate* p.a.
7.03%
Green Construction OO 90
- Owner Occupied
- Variable
- 10% min deposit
- Interest Only
Interest rate p.a.
6.64%
Comparison rate* p.a.
7.03%
Calculate your repayments for this loan
Your estimated repayment
$2,767
based on 500000 loan amount for 25 years at 7.14%
Monthly Repayment
$2,767
Total interest
$1,058,500
Total payments
$1,058,500
Start date
05-2024
End date
05-2049
Pros and Cons
For Green Construction OO 90
Benefits
- No ongoing fees
- Green home loan
Drawbacks
- No extra repayments
- No redraw and no offset
- Higher than average interest rate
- Loan reverts to higher rate after introductory period
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
Firstmac Intro 60 months Rate Home Loan overview
For Green Construction Home Loan 90 (Interest Only)
Details
Maximum LVR
90%
Total repayments
$1,058,500
Interest rate type
Intro 60 months
Borrowing range
$50k - $1.2m
Suitable for
Owner Occupiers
Loan term range
15 - 30 years
Repayment type
Interest only
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Monthly
Target Market Determination
Visit loans.com.au Pty Ltd (Firstmac) to view Target Market Determination.
Features
Extra repayments
Not Allowed
Redraw facility
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
A discount of 0.40% off the interest rate for your Home Loan or Construction Home Loan for the first 5 years of the loan for homes with a NatHERS rating of 7 stars or higher. The discounted rate is disclosed in your loan agreement. For Construction Loans, the discount during the construction period is variable depending on product and can be up to 1.58%.
Fees
Total estimated upfront fees
$500
Application fee
$0
Legal fee
$200
Valuation fee
$0
Settlement fee
$300
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$300
