Great Southern Bank Fixed Rate Inv IO - 1 Year | Review & Compare Home Loans

Fixed Rate Inv IO

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Interest rate

2.79

% p.a

Fixed - 1 year

Comparison Rate*

4.10

% p.a

Maximum LVR

90%

Real Time Rating™

Monthly Repayment

$1,390

based on $300,000 loan amount for 25 years at 2.79%

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Summary
Features & fees
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Interest rate

2.79

% p.a

Fixed - 1 year

Comparison Rate*

4.10

% p.a

Maximum LVR

90%

Real Time Rating™

Monthly Repayment

$1,390

based on $300,000 loan amount for 25 years at 2.79%

Calculate your repayments for this loan

Your estimated repayment

$1,390

based on $300,000 loan amount for 25 years at 2.79%

Based on your details, you can compare and save on the following home loans

TMD

Monthly Repayment

$1,085

based on $300,000 loan amount for 25 years at 1.84%

Interest rate

1.84

% p.a

Fixed - 1 year

Comparison Rate*

2.07

% p.a

Interest rates ranked in the best 20%
No upfront or ongoing fees
100% full offset account
Parents can sign as guarantor

Real Time Rating™

More Features

Monthly Repayment

$1,119

based on $300,000 loan amount for 25 years at 2.07%

Interest rate

2.07

% p.a

Fixed - 2 years

Comparison Rate*

2.90

% p.a

Interest rates ranked in the best 20%
Extra repayments and redraw facility
Free redraw facility
Split account option

Real Time Rating™

More Features

Monthly Repayment

$1,078

based on $300,000 loan amount for 25 years at 1.79%

Interest rate

1.79

% p.a

Fixed - 2 years

Comparison Rate*

3.73

% p.a

Interest rates ranked in the best 20%
No upfront fees
Redraw facility available
Extra repayments and redraw facility

Real Time Rating™

More Features

Quick home loan review

For Fixed Rate Inv IO - 1 Year

These are the benefits of this home loan.

Lower than average interest rate
No ongoing fees
Extra repayments and redraw facility
Free redraw facility
Split account option

These are the drawbacks of this home loan.

Limited extra repayments
No offset account
Loan reverts to higher rate after fixed period
Higher than average upfront fee
Discharge fee at end of loan
No repayment holidays

Home loan overview

For Fixed Rate Inv IO - 1 Year

TMD

Details
Features
Fees
Application method

Details

Maximum LVR 90%	Total Repayments $209,400 View repayment schedule »
Next LVR	Interest rate type Fixed - 1 year
Borrowing range $10k - $5m Calculate how much you can borrow	Suitable for Investors
Loan term range 1 - 30 years	Principal & interest
Interest only	Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make repayments Monthly

Features

Extra repayments Yes - limited to $30000 during fixed period	Offset account No
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 835	Application fee 600
Legal fee $0	Valuation fee $0
Settlement fee 235	Other upfront fee 0
Ongoing fee $0	Discharge fee 500

Application method

Online	Phone
Broker Talk to an expert	In branch

Specials

Cashback A $2,000 contribution on your home loan deposit for eligible first home buyers.
Apply for a Great Southern Bank Home Loan between 1 June and 31 December 2021 and receive a $2,000 towards your deposit. $600 establishment fee is waived.
Cashback Switch to a Great Southern Bank Home Loan and you could get $3,000+ cashback.

Target Market Determination

Visit Great Southern Bank to view Target Market Determination.

Compare and review home loans with similar features

TMD

Interest rate

1.87

% p.a

Fixed - 1 year

Comparison Rate*

1.89

% p.a

Interest rates ranked in the best 20%
No ongoing fees
Extra repayments and redraw facility
Free redraw facility

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Interest rate

1.84

% p.a

Fixed - 1 year

Comparison Rate*

2.07

% p.a

Interest rates ranked in the best 20%
No upfront or ongoing fees
100% full offset account
Parents can sign as guarantor

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Interest rate

2.99

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5.29

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Lower than average interest rate
Parents can sign as guarantor
Extra repayments and redraw facility
Free redraw facility

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Interest rate

1.79

% p.a

Fixed - 1 year

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2.18

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Interest rates ranked in the best 20%
No upfront or ongoing fees

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FAQs

The range you can borrow from this loan is $10k to $5,000,000.

This loan option comes with a maximum loan-to-value ratio of 90 percent, which means it requires a minimum deposit of 10 percent

Great Southern Bank allows you to have this loan for a range of 1 to 30 years.

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

While it could change based on your circumstances, RateCity estimates that this loan option comes with $835 worth of upfront fees.

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

Great Southern Bank makes it possible to apply for this product online. Apply here.

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

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