Horizon Bank home loan repayment calculator

Thinking about taking out a home loan with Horizon Bank? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Horizon Bank home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated repayments

at interest rate 2.39 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • Suitable for small deposits.
  • Discounted rates offered.
  • Package and specialised loans available.
  • Flexible repayment features.
  • High standard variable rate.
  • Interest-only options are limited.

Horizon Bank home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

2.39%

Fixed - 3 years

$350

3.25%

$0
Horizon Bank
More details

2.39%

Fixed - 2 years

$350

3.33%

$0
Horizon Bank
More details

2.99%

Fixed - 5 years

$350

3.33%

$0
Horizon Bank
More details

2.99%

Intro 24 months

$0

3.37%

$0
Horizon Bank
More details

2.39%

Fixed - 1 year

$350

3.42%

$0
Horizon Bank
More details

2.64%

Fixed - 3 years

$350

3.50%

$0
Horizon Bank
More details

2.64%

Fixed - 2 years

$350

3.58%

$0
Horizon Bank
More details

3.24%

Fixed - 5 years

$350

3.58%

$0
Horizon Bank
More details

3.44%

Variable

$350

3.61%

$8 monthly
Horizon Bank
More details

2.64%

Fixed - 1 year

$350

3.67%

$0
Horizon Bank
More details

3.69%

Variable

$350

3.86%

$8 monthly
Horizon Bank
More details

3.69%

Variable

$600

3.86%

$8 monthly
Horizon Bank
More details

3.84%

Variable

$250

4.00%

$150 annually
Horizon Bank
More details

3.94%

Variable

$350

4.07%

$5 monthly
Horizon Bank
More details

3.94%

Variable

$600

4.11%

$8 monthly
Horizon Bank
More details

3.94%

Variable

$250

4.16%

$150 annually
Horizon Bank
More details

4.09%

Variable

$250

4.25%

$150 annually
Horizon Bank
More details

4.19%

Variable

$350

4.32%

$5 monthly
Horizon Bank
More details

4.19%

Variable

$250

4.41%

$150 annually
Horizon Bank
More details

4.34%

Variable

$500

4.44%

$5 monthly
Horizon Bank
More details

Horizon Bank customer service

Home loan customers can contact Horizon Bank in person at a local branch or using an online enquiry form. Customers can also phone the bank on a general customer line or email.

  • Customer service centre (phone)
  • Online banking
  • Email
  • Branch

How to Apply

Horizon Bank gives customers a number of methods when applying for a home loan. There is an online application form on the Horizon website and customers can apply, or make a home loan enquiry via phone or email. Customers can also apply in person at a local branch. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

  • Proof of personal identification.
  • Proof of employment.
  • Proof of income, assets and earnings.
  • Details of current debts, loans and liabilities.
  • Personal insurance documents.

Learn more about Horizon Bank

Mortgage Calculator, Loan Purpose

This is what you will use the loan for – i.e. investment. 

How long does NAB home loan approval take?

The time required to get your home loan from NAB approved can vary based on a number of factors involved in the application process. 

Once you have applied for a home loan, a NAB specialist will contact you within 24 hours over the phone to take down relevant information, including your total income, debts (existing loans, credit cards, etc.), assets (car, shares, etc.), and your monthly expenses (food, utility bills, etc.). Your lender might also ask for information related to the property you want to purchase, including the type of dwelling and preferred postcode.

NAB will then verify all your information and check your credit score, and if the details stack up, you should be given a conditional approval certificate. This certificate stipulates how much money NAB is willing to lend you and is typically valid for 90 days. 

Once you have your conditional approval, you can start browsing for properties that you like and that fit within the budget that NAB has provided. After you find a suitable property, you’ll need to give a copy of the signed deed to NAB, following which you should get full approval and access to the funds. This process can take up to 4-6 weeks. 

Mortgage Balance

The amount you currently owe your mortgage lender. If you are not sure, enter your best estimate.

Why is it important to get the most up-to-date information?

The mortgage market changes constantly. Every week, new products get launched and existing products get tweaked. Yet many ratings and awards systems rank products annually or biannually.

We update our product data as soon as possible when lenders make changes, so if a bank hikes its interest rates or changes its product, the system will quickly re-evaluate it.

Nobody wants to read a weather forecast that is six months old, and the same is true for home loan comparisons.

Monthly Repayment

Your current monthly home loan repayment. To accurately calculate how much you could save, an accurate payment figure is required. If you are not certain, check your bank statement.

Do other comparison sites offer the same service?

Real Time RatingsTM is the only online system that ranks the home loan market based on your personal borrowing preferences. Until now, home loans have been rated based on outdated data. Our system is unique because it reacts to changes as soon as we update our database.

Mortgage Calculator, Deposit

The proportion you have already saved to go towards your home. 

Mortgage Calculator, Loan Amount

How much you intend to borrow. 

What is the ratings scale?

The ratings are between 0 and 5, shown to one decimal point, with 5.0 as the best. The ratings should be used as an easy guide rather than the only thing you consider. For example, a product with a rating of 4.7 may or may not be better suited to your needs than one with a rating of 4.5, but both are probably much better than one with a rating of 1.2.

How does a redraw facility work?

A redraw facility attached to your loan allows you to borrow back any additional repayments that you have already paid on your loan. This can be a beneficial feature because, by paying down the principal with additional repayments, you will be charged less interest. However you will still be able to access the extra money when needed.

What is breach of contract?

A failure to follow all or part of a contract or breaking the conditions of a contract without any legal excuse. A breach of contract can be material, minor, actual or anticipatory, depending on the severity of the breaches and their material impact.

How much information is required to get a rating?

You don’t need to input any information to see the default ratings. But the more you tell us, the more relevant the ratings will become to you. We take your personal privacy seriously. If you are concerned about inputting your information, please read our privacy policy.

How much deposit do I need for a home loan from NAB?

The right deposit size to get a home loan with an Australian lender will depend on the lender’s eligibility criteria and the value of your property.

Generally, lenders look favourably on applicants who save up a 20 per cent deposit for their property This also means applicants do not have to pay Lenders Mortgage Insurance (LMI). However, you may still be able to obtain a mortgage with a 10 - 15 per cent deposit.  

Keep in mind that NAB is one of the participating lenders for the First Home Loan Deposit Scheme, which allows eligible borrowers to buy a property with as low as a 5 per cent deposit without paying the LMI. The Federal Government guarantees up to 15 per cent of the deposit to help first-timers to become homeowners.

What is appraised value?

An estimation of a property’s value before beginning the mortgage approval process. An appraiser (or valuer) is an expert who estimates the value of a property. The lender generally selects the appraiser or valuer before sanctioning the loan.

Mortgage Calculator, Repayment Frequency

How often you wish to pay back your lender.