RateCity.com.au
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Homeloans.com.au

Line of Credit

Interest Rate

2.74

% p.a

Variable

Comparison Rate*

2.61

% p.a

Maximum LVR
60%
Real Time Rating™

1.92

/ 5
Monthly Repayment

$1,382

based on $300,000 loan amount for 25 years at 2.74%

Interest Rate

2.74

% p.a

Variable

Comparison Rate*

2.61

% p.a

Maximum LVR
60%
Real Time Rating™

1.92

/ 5
Monthly Repayment

$1,382

based on $300,000 loan amount for 25 years at 2.74%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,382

based on $300,000 loan amount for 25 years at 2.74%

Quick home loan review

For Line of Credit Investment (LVR < 60%)

These are the benefits of this home loan.

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

These are the drawbacks of this home loan.

  • No offset account
  • Higher than average upfront fee
  • Maximum loan amount is limited to 60% of the property's value
  • No repayment holidays

Home loan overview

For Line of Credit Investment (LVR < 60%)

TMD

Details

Maximum LVR

60%

Total Repayments

Next LVR

Interest rate type

Variable

Borrowing range

Suitable for

Investors, Line of Credit

Loan term range

25 - 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: $26

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

66

Application fee

0

Valuation fee

$0

Settlement fee

66

Other upfront fee

0

Ongoing fee

$0

Discharge fee

0

Application method

Online

Phone

Broker

In branch

Target Market Determination

Visit Homeloans.com.au to view Target Market Determination.

Other Benefits

Customer benefit rewards program

Other Restrictions

After IO term loan will revert to SVR

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $100k to $2,000,000.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 60 percent, which means it requires a minimum deposit of 40 percent

What's the maximum length for this loan?

Homeloans.com.au allows you to have this loan for a range of 25 to 30 years.

How often can you make repayments?

Homeloans.com.au 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 $66 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $26 if you need to use it.

Where can you apply for this loan?

Homeloans.com.au makes it possible to apply for this product online. Apply here.