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- Home Sweet Home Loan
Home Sweet Home Loan
- Owner Occupied
- Variable
- 30% min deposit
- P&I
Interest rate p.a.
6.24%
Comparison rate* p.a.
6.63%
Home Sweet Home Loan
- Owner Occupied
- Variable
- 30% min deposit
- P&I
Interest rate p.a.
6.24%
Comparison rate* p.a.
6.63%
Horizon Bank Intro 24 months Rate Home Loan overview
For Home Sweet Home Loan (LVR ≤ 70%)
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
70%
Total repayments
Interest rate type
Intro 24 months
Borrowing range
$50k - $100m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
NSW
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Horizon Bank 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
Offset account available for $150 p.a
Fees
Total estimated upfront fees
$350
Application fee
$350
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$150
Discharge fee
$250
Pros and Cons
For Home Sweet Home Loan
Benefits
- Interest rates ranked in the best 20%
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- No offset account
- Loan reverts to higher rate after introductory period
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 70% of the property's value
- No repayment holidays
