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Green Construction Investment Loan 90 (Interest Only)

Green Construction INV 90

Investor
Variable
10% min deposit
Interest Only

Interest rate p.a.

7.09%

Comparison rate* p.a.

7.45%

Green Construction INV 90

Investor
Variable
10% min deposit
Interest Only

Calculate your repayments for this loan

Loan amount

Loan term

Your estimated repayment

$2,954

based on 500000 loan amount for 25 years at 7.09%

Monthly Repayment

$2,954

Total interest

$1,063,500

Total payments

$1,063,500

Start date

05-2024

End date

05-2049

$1,063,500

025 years

Principal owed

Total repayments owed

Interest owed

Pros and Cons

For Green Construction INV 90

Benefits

No ongoing fees
Green home loan

Drawbacks

No extra repayments
No redraw and no offset
Higher than average interest rate
Higher than average upfront fee
Discharge fee at end of loan
No repayment holidays

Firstmac Variable Rate Home Loan overview

For Green Construction Investment Loan 90 (Interest Only)

Details

Maximum LVR

90%

Total repayments

$1,063,500

View repayment schedule »

Interest rate type

Variable

Borrowing range

$50k - $1.2m

Suitable for

Investors

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%.