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- Low Rate Home Loan - Prime (Interest Only) (Owner Occupied) (LVR < 60%)
Low Rate Home Loan - Prime (Owner Occupied) (Interest Only)
- Owner Occupied
- Variable
- 40% min deposit
- Interest Only
Interest rate p.a.
6.69%
Comparison rate* p.a.
6.49%
Low Rate Home Loan - Prime (Owner Occupied) (Interest Only)
- Owner Occupied
- Variable
- 40% min deposit
- Interest Only
Interest rate p.a.
6.69%
Comparison rate* p.a.
6.49%
RateCity says
"Do you have 40% deposit or equity available? Pay only the interest on your owner-occupied home loan to help manage your mortgage payments for a limited time."
Calculate your repayments for this loan
$
Your estimated repayment
$2,788
based on 500000 loan amount for 25 years at 6.69%
Monthly Repayment
$2,788
Total interest
$1,003,500
Total payments
$1,003,500
Start date
05-2024
End date
05-2049
$1,003,500
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For Low Rate Home Loan - Prime (Owner Occupied) (Interest Only)
Benefits
- Interest rates ranked in the best 20%
- No upfront or ongoing fees
- 100% full offset account
- Extra repayments and redraw facility
- Free redraw facility
Drawbacks
- Maximum loan amount is limited to 60% of the property's value
- No repayment holidays
Homeloans.com.au Variable Rate Home Loan overview
For Low Rate Home Loan - Prime (Interest Only) (Owner Occupied) (LVR < 60%)
Details
Maximum LVR
60%
Total repayments
$1,003,500
Interest rate type
Variable
Borrowing range
$100k - $2m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Interest only
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Monthly
Target Market Determination
Visit Homeloans.com.au Pty Ltd to view Target Market Determination.
Features
Extra repayments
Unlimited
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
$0
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$0
