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

Summary
Features & fees
Similar
About

Advertised Rate

3.74%

Fixed - 1 year

Comparison Rate*

3.99%

Maximum LVR

95%

Real Time Rating™

2.76 / 5

Monthly Repayment

$1,156

Pros and Cons

Pros

No ongoing fees
Suitable for low deposits
Extra repayments + redraw services
Repayments will not change during fixed period

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 $416,160 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
Estimated upfront fees $350	Application fee $350
Settlement fee $0	Valuation fee $0
Legal fee $0	Ongoing fee $0
Discharge fee $250	Property Type
SMSF Trustee	Minimum SMSF Amount
Aggregator

Compare and review home loans with similar features

Lower Rate

Variable Investment Loan (Principal and Interest) (Refinance)

Real Time Rating™

3.86 / 5

Advertised Rate

Comparison Rate*

3.24%

Variable

3.20%

No upfront or ongoing fees
Extra repayments + redraw services
Free redraw facility
Repayments may decrease if RBA cuts rates

View Now

More Flexibility

UHomeLoan Fixed OO (Principal and Interest) 1 Year

Real Time Rating™

3.30 / 5

Advertised Rate

Comparison Rate*

2.74%

Fixed - 1 year

3.38%

No upfront or ongoing fees
Repayments will not change during fixed period

View Now

Major Banks

Breakfree Package Fixed Rate Investment Loan (Principal and Interest) (Low Doc) 1 Year

Real Time Rating™

1.62 / 5

Advertised Rate

Comparison Rate*

3.69%

Fixed - 1 year

5.16%

special

Conveyancing fee rebate up to $1,000 for first home buyers

Generic

Variable Investment Loan (Principal and Interest) (Purchase)

Real Time Rating™

3.86 / 5

Advertised Rate

Comparison Rate*

3.24%

Variable

3.20%

No upfront or ongoing fees
Extra repayments + redraw services
Free redraw facility
Repayments may decrease if RBA cuts rates

View Now

Horizon Bank is an Australian customer-owned Bank and was founded in 1964 as the Illawarra County Council Staff Credit Union. It was renamed the Horizon Credit Union in 1995 following the takeover of the Shoalhaven City Employees’ Credit Union.

Horizon is based in Wollongong, with branches throughout the Illawarra and Shoalhaven regions of NSW. It offers financial products such as home and personal loans, credit cards, insurance, foreign money services and financial planning services and share trading.

The bank has won a number of awards, including Money magazine’s Personal Lender of the Year in 2012 and 2013.

Horizon Bank Home Loan Calculator
Interested in a Horizon home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Horizon compares to its competitors. Simply plug in your borrowing amount below.

View All >