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  4. Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)

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Homeloans.com.au

Low Rate Home Loan - Prime (Owner Occupied) (Principal and Interest)

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announcement

RateCity Says: Do you have 40% deposit or equity available? Pay no ongoing fees and enjoy access to extra repayments and a redraw facility for your owner-occupied home loan.

Winner of Best Refinance Home Loan, RateCity Gold Awards 2022

Interest Rate

2.14

% p.a

Variable

Comparison Rate*

2.14

% p.a

Maximum LVR
60%
Real Time Rating™

3.93

/ 5
Monthly Repayment

$1,292

based on $300,000 loan amount for 25 years at 2.14%

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Interest Rate

2.14

% p.a

Variable

Comparison Rate*

2.14

% p.a

Maximum LVR
60%
Real Time Rating™

3.93

/ 5
Monthly Repayment

$1,292

based on $300,000 loan amount for 25 years at 2.14%

Go to site
View Now
View Now

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,292

based on $300,000 loan amount for 25 years at 2.14%

Quick home loan review

For Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)

These are the benefits of this home loan.

  • Interest rates ranked in the best 20%
  • No upfront or ongoing fees
  • 100% full offset account
  • Extra repayments and redraw facility
  • Free redraw facility
  • Features on 2021 RateCity Awards

These are the drawbacks of this home loan.

  • Maximum loan amount is limited to 60% of the property's value
  • No repayment holidays

Home loan overview

For Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)

TMD

Details

Maximum LVR

60%

Total Repayments

$387,600

View repayment schedule »

Next LVR

2.24% for max LVR 80%

Interest rate type

Variable

Borrowing range

$50k - $100m
Calculate how much you can borrow

Suitable for

Owner Occupiers

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

Redraw fee: $0

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

0

Application fee

0

Legal fee

$0

Valuation fee

$0

Settlement fee

0

Other upfront fee

0

Ongoing fee

$0

Discharge fee

0

Application method

Online

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Phone

Broker

In branch

Available
Not available
Data not captured

Target Market Determination

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

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Checkout more home loans

Product data updated on 23 May 2022

Home Loans News

New home loan values reach record highs across Australia

The national average mortgage size for owner-occupiers has reached a record high of $595,568 according to new ABS data. Records were broken in every state and territory except WA.

Liz Seatter

-

14 Jan, 2022

-

3 min read

Battle of the big banks: CBA cuts lowest variable rate following Westpac, NAB and ANZ

Australia’s largest bank cut its lowest variable rate by 0.10 per cent to 2.19 per cent, as the big bank battle to win over new customers continues.

Liz Seatter

-

25 Mar, 2022

-

4 min read

Looking to buy property in the next 12 months? Here’s why it could be much harder

Home buyers looking to buy in the next 12 months may find the amount they can borrow has reduced because of the rising costs of living and predicted cash rate hikes, despite talk of lower property prices.

Alex Ritchie

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15 Mar, 2022

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6 min read

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $50k to $99,999,999.

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 1 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: 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 $0 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?

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