Horizon Credit Union Fixed Rate Investment Loan 1 Year | Review & Compare Home Loans

Summary
Features & fees
Similar

Advertised Rate

3.24%

Fixed - 1 year

Comparison Rate*

3.72%

Maximum LVR

95%

Real Time Rating™

Monthly Repayment

$1,304

based on $300,000 loan amount for 25 years

Pros and Cons

Pros

No ongoing fees
Suitable for low deposits
Extra repayments + redraw services
Free redraw facility

Cons

Limited extra repayments
Discharge fee at end of loan
Repayments won't decrease if RBA cuts rates

Horizon Bank Fees and Features

Maximum LVR 95%	Interest rate structure Fixed - 1 year
Borrowing range $50k - $100m Calculate how much you can borrow	Total Repayments $469,440 View repayment schedule »
Principal & interest	Interest only
Loan term range 1 - 30 years	Offset account No
Extra repayments Allowed with restrictions	Redraw facility Redraw fee: $0
Allows split interest	Suitable For Investors
Applicable States NSW	Make Repayments Fortnightly, Monthly, Weekly
Total estimated upfront fees $350	Application fee $350
Settlement fee $0	Valuation fee $0
Legal fee $0	Other upfront fee $0
Ongoing fee $0	Discharge fee $250
Property Type	SMSF Trustee
Minimum SMSF Amount

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Horizon Bank was initially formed in 1964 from Illawarra Country Council Staff Credit Union Ltd. Five other credit unions have joined during the course of Horizon’s history.

Horizon Bank continues to maintain its dedication to enhance their members’ lifestyles by offering exceptional products and services and by delivering financial advices in a friendly and efficient manner. In September 2019, Horizon Credit Union commenced trading under the name 'Horizon Bank'

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