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Health Professionals Bank

Your Way Plus Fixed Investment Loan

Advertised Rate

3.09

% p.a

Fixed - 5 years

Comparison Rate*

3.41

% p.a

Maximum LVR
80%
Real Time Rating™

2.18

/ 5
Monthly Repayment

$1,437

based on $300,000 loan amount for 25 years at 3.09%

Advertised Rate

3.09

% p.a

Fixed - 5 years

Comparison Rate*

3.41

% p.a

Maximum LVR
80%
Real Time Rating™

2.18

/ 5
Monthly Repayment

$1,437

based on $300,000 loan amount for 25 years at 3.09%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,437

based on $300,000 loan amount for 25 years at 3.09%

Quick home loan review

For Your Way Plus Fixed Investment Loan (Principal and Interest) 5 Years (LVR 60%-80%)

These are the benefits of this home loan.

  • 100% full offset account
  • Parents can sign as guarantor
  • Split account option

These are the drawbacks of this home loan.

  • No redraw facility
  • Higher than average interest rate
  • Loan reverts to higher rate after fixed period
  • Ongoing fee
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Your Way Plus Fixed Investment Loan (Principal and Interest) 5 Years (LVR 60%-80%)

TMD

Details

Maximum LVR

80%

Total Repayments

Interest rate type

Fixed - 5 years

Borrowing range

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

Fortnightly, Monthly, Weekly

Features

Extra repayments

Unlimited extra repayments

Redraw facility

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

600

Application fee

600

Valuation fee

$0

Settlement fee

0

Other upfront fee

0

Ongoing fee

$300 annually

Discharge fee

75

Application method

Online

Phone

Broker

In branch

Target Market Determination

Visit Health Professionals Bank to view Target Market Determination.

Other Benefits

Refer to the Package Terms and Conditions for Eligibility Criteria and other product benefits. 5bps discount on variable interest rates are available for essential workers subject to eligibility. Up to 10% discount on home and contents insurance (Allianz Insurance) Personal Loan application fee waived. All products are originated on relevant LVR tiers based on the LVR of the home loan at the time of origination. Fixed Rate loans will roll to the equivalent Variable rate LVR tier of the LVR at origination. Movement between the LVR tiers are subject to switching rules.

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $25k to $5,000,000.

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?

Health Professionals Bank allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Health Professionals Bank allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

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 $600 worth of upfront fees.

Does this loan come with a redraw facility?

No, this loan doesn't come with a redraw facility.

Where can you apply for this loan?

Health Professionals Bank makes it possible to apply for this product online. Apply here.