Interest Saver Home Loan (Interest Only)
- Last updated on 02 Jun 2020
based on $300,000 loan amount for 25 years
- No ongoing fees
- Extra repayments + redraw services
- Repayments may decrease if RBA cuts rates
- Discharge fee at end of loan
- Repayments may increase if RBA raises rates
Interest rate structure
$50k - $100m
Principal & interest
Loan term range
1 - 30 years
Unlimited extra repayments
Redraw fee: $25
Allows split interest
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Estimated upfront fees
Minimum SMSF Amount
Compare and review home loans with similar features
Since 1955, Hume Bank has been helping the Albury-Wodonga communities reach their financial goals. As a non-traditional lender, Hume Bank is owned by its customers meaning that all profits are distributed back into the bank and passed on to its members by way of low loan rates and no monthly account fees.
Hume Bank has won numerous awards, including Money magazine’s Bank of the Year and the CUNA Mutual QBE Financial Institution of the Year Award.
Hume Bank Home Loan Calculator
Interested in a Hume Bank home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Hume Bank compares to its competitors. Simply plug in your borrowing amount below.
Here we are asking you to estimate only. It’s often hard to get an accurate estimate of your property value.
Some real estate websites such as Domain, Realestate.com.au and Onthehouse will give you an estimate. However, be aware that a bank valuer might assume a lower estimate, so it can be a good idea to make your estimate slightly lower.
If you do apply to refinance, the lender might send a valuer out to your home, so it is worth being prudent.
Mortgage brokers are finance professionals who help borrowers organise home loans with lenders. As such, they act as middlemen between borrowers and lenders.
While bank staff recommend home loan products only from their own employer, brokers are independent, so they can recommend products from a range of institutions.
Brokers need to be accredited with a particular lender to be able to work with that lender. A typical broker will be accredited with anywhere from 10 to 30 lenders – the big four banks, as well as a range of smaller banks, credit unions and non-bank lenders.
As a general rule, brokers don’t charge consumers for their services; instead, they receive commissions from lenders whenever they place a borrower with that institution.