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Illawarra Credit Union

Bare Essentials Investor Fixed (Principal and Interest)

Interest rate

2.65

% p.a

Fixed - 3 years

Comparison Rate*

3.12

% p.a

Maximum LVR
95%
Real Time Rating™

1.84

/ 5
Monthly Repayment

$1,369

based on $300,000 loan amount for 25 years at 2.65%

Interest rate

2.65

% p.a

Fixed - 3 years

Comparison Rate*

3.12

% p.a

Maximum LVR
95%
Real Time Rating™

1.84

/ 5
Monthly Repayment

$1,369

based on $300,000 loan amount for 25 years at 2.65%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,369

based on $300,000 loan amount for 25 years at 2.65%

Quick home loan review

For Bare Essentials Investment Loan Fixed 3 year (Interest Only)

These are the benefits of this home loan.

  • Lower than average interest rate
  • No ongoing fees
  • Suitable for low deposits
  • Parents can sign as guarantor
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • No offset account
  • Loan reverts to higher rate after fixed period
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Bare Essentials Investment Loan Fixed 3 year (Interest Only)

TMD

Details

Maximum LVR

95%

Total Repayments

Next LVR

Interest rate type

Fixed - 3 years

Borrowing range

Suitable for

Investors

Loan term range

10 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Monthly

Features

Extra repayments

Unlimited extra repayments

Redraw facility

Redraw fee: $0

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

1,282

Application fee

600

Valuation fee

$242

Settlement fee

0

Other upfront fee

0

Ongoing fee

$0

Discharge fee

350

Application method

Online

Phone

In branch

Target Market Determination

Visit Illawarra Credit Union to view Target Market Determination.

Other Benefits

$6 monthly account keeping fee on the Everyday account waived while the Bare Essentials home loan is held (other fees and charges may apply).

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $30k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 95 percent, which means it requires a minimum deposit of 5 percent

What's the maximum length for this loan?

Illawarra Credit Union allows you to have this loan for a range of 10 to 30 years.

How often can you make repayments?

Illawarra Credit Union allows you to make repayments to this loan option through one of the following repayment schedules: monthly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $1,282 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

Where can you apply for this loan?

Illawarra Credit Union makes it possible to apply for this product online. Apply here.

Can a broker help me with this loan?

Yes, this Illawarra Credit Union loan is available through a broker. Find a broker to help you with your needs.