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- Fixed Rate Home Loan (Principal and Interest) 2 Year
2 Year Fixed Rate Special Owner Occupied
- Owner Occupied
- Fixed 2 years
- 20% min deposit
- P&I
Interest rate p.a.
6.95%
Comparison rate* p.a.
6.29%
2 Year Fixed Rate Special Owner Occupied
- Owner Occupied
- Fixed 2 years
- 20% min deposit
- P&I
Interest rate p.a.
6.95%
Comparison rate* p.a.
6.29%
RateCity says
"Homeowners may lock in a competitive interest rate for two years and enjoy access to features like a 100% offset account."
Calculate your repayments for this loan
Your estimated repayment
$3,310
based on 500000 loan amount for 25 years at 6.95%
Monthly Repayment
$3,310
Total interest
$606,441
Total payments
$1,096,420
Start date
05-2024
End date
05-2049
Pros and Cons
For 2 Year Fixed Rate Special Owner Occupied
Benefits
- No ongoing fees
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Limited extra repayments
- Higher than average interest rate
- Loan reverts to higher rate after fixed period
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
Homestar Finance Fixed - 2 years Rate Home Loan overview
For Fixed Rate Home Loan (Principal and Interest) 2 Year
Details
Maximum LVR
80%
Total repayments
$1,096,420
Interest rate type
Fixed - 2 years
Borrowing range
$150k - $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 Homestar Finance 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
Annual ongoing fee for the fixed portion of the loan only. Discharge fee of $535 is waived if the loan reaches full term as per the loan agreement.
Fees
Total estimated upfront fees
$395
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$395
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$535
