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- Home Loans
- Bank of Heritage Isle
- Goldrate Home Loan
Goldrate Home Loan
- Owner Occupied
- Fixed 2 years
- 40% min deposit
- P&I
Interest rate p.a.
6.09%
Comparison rate* p.a.
6.37%
Goldrate Home Loan
- Owner Occupied
- Fixed 2 years
- 40% min deposit
- P&I
Interest rate p.a.
6.09%
Comparison rate* p.a.
6.37%
Bank of Heritage Isle Fixed - 2 years Rate Home Loan overview
For Goldrate Home Loan Fixed 2 Years (LVR < 60%) (New Customer)
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
60%
Total repayments
Interest rate type
Fixed - 2 years
Borrowing range
$50k - $2m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Bank of Heritage Isle to view Target Market Determination.
Features
Extra repayments
Allowed with restrictions
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$600
Application fee
$600
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$294
Pros and Cons
For Goldrate Home Loan
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- 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
- Maximum loan amount is limited to 60% of the property's value
- No repayment holidays
