RateCity.com.au
powering smart financial decisions
Firstmac

Non-resident VIP (Interest Only)

Advertised Rate

3.53

% p.a

Variable

Comparison Rate*

3.56

% p.a

Maximum LVR
80%
Real Time Rating™

1.95

/ 5
Monthly Repayment

$1,507

based on $300,000 loan amount for 25 years at 3.53%

Advertised Rate

3.53

% p.a

Variable

Comparison Rate*

3.56

% p.a

Maximum LVR
80%
Real Time Rating™

1.95

/ 5
Monthly Repayment

$1,507

based on $300,000 loan amount for 25 years at 3.53%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,507

based on $300,000 loan amount for 25 years at 3.53%

Firstmac home loans are available through brokers who can help find the right loan and manage your application at no charge.

Bernard Desmond

5.0
156 Reviews

Get expert advice from a home loans specialist.

Bernard Desmond OPPORTUNITY BROKER They say there are two guarantees in life, but Bernard securing your mortgage is now unofficially the third. His confidence comes from 14 years of experience and an unequivocal desire to provide you with the most opportunity from your mortgage. But don’t just take our word for it; Bernard’s strike rate from application to approval is awarded as the best in the industry: Winner 2020 Best Customer Service of the year at the Australian Broking Awards, 2020 Best Customer Service of the year at the Better Business Awards, 2019 Residential Broker of the Year and 2018 Australian broker of the Year. Supportive yet honest, Bernard has your best interest at heart and a blank piece of paper in hand, ready to fill it with plans and possibilities. Bernard sees opportunity getting to understand you and your financial goals better than the rest. He’s personable and tenacious, giving you the ability to take your money further — like that ocean villa in Hawaii.

VIC3930

CRN: 493595

Tedjo Hadiwidjojo

5.0
17 Reviews

Get expert advice from a home loans specialist.

An experienced mortgage broker with over 15 years in the finance industry, dedicating to finding the right loan product from a wide range of lenders to meet your lending requirement. I pride myself to provide Speed, Convenience and adding Value to my clients. Buying property whether it’s your home or investment comes with complex choices and can be daunting. There are a lot of variables to consider when choosing the right loans. With my experience as a mortgage broker and an investor myself, I will recommend you the best lender and guide you through the process to get you the best possible loan option and lending rates.

VIC3131

CRN: 517245

Quick home loan review

For Non-Resident VIP 80 Investment Loan (Interest Only) (LVR < 80%)

These are the benefits of this home loan.

  • No ongoing fees
  • 100% full offset account
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • Higher than average interest rate
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Non-Resident VIP 80 Investment Loan (Interest Only) (LVR < 80%)

TMD

Details

Maximum LVR

80%

Total Repayments

Next LVR

Interest rate type

Variable

Borrowing range

Suitable for

Investors

Loan term range

15 - 30 years

Principal & interest

Interest only

Applicable states

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

Make repayments

Monthly

Features

Extra repayments

Unlimited extra repayments

Redraw facility

Redraw fee: $0

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

720

Application fee

0

Valuation fee

$220

Settlement fee

300

Other upfront fee

0

Ongoing fee

$0

Discharge fee

550

Application method

Online

Phone

In branch

Target Market Determination

Visit Firstmac to view Target Market Determination.

Other Benefits

Discharge fees are waived if the loan goes full term.

Embed

Firstmac is available through brokers

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $50k to $750k.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 80 percent, which means it requires a minimum deposit of 20 percent

What's the maximum length for this loan?

Firstmac allows you to have this loan for a range of 15 to 30 years.

How often can you make repayments?

Firstmac allows you to make repayments to this loan option through one of the following repayment schedules: monthly.

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 $720 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

Where can you apply for this loan?

Firstmac makes it possible to apply for this product online. Apply here.

Can a broker help me with this loan?

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