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Illawarra Credit Union

The Works Package Investor Fixed (Interest Only)

Interest rate

3.24

% p.a

Fixed - 5 years

Comparison Rate*

3.77

% p.a

Maximum LVR
80%
Real Time Rating™

0.74

/ 5
Monthly Repayment

$1,460

based on $300,000 loan amount for 25 years at 3.24%

Interest rate

3.24

% p.a

Fixed - 5 years

Comparison Rate*

3.77

% p.a

Maximum LVR
80%
Real Time Rating™

0.74

/ 5
Monthly Repayment

$1,460

based on $300,000 loan amount for 25 years at 3.24%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,460

based on $300,000 loan amount for 25 years at 3.24%

Quick home loan review

For The Works 5 year Investor fixed (Interest Only)

These are the benefits of this home loan.

    These are the drawbacks of this home loan.

    • No extra repayments
    • No redraw and no offset
    • Higher than average interest rate
    • Loan reverts to higher rate after fixed period
    • Ongoing fee
    • Higher than average upfront fee
    • Discharge fee at end of loan
    • No repayment holidays

    Home loan overview

    For The Works 5 year Investor fixed (Interest Only)

    TMD

    Details

    Maximum LVR

    80%

    Total Repayments

    Next LVR

    Interest rate type

    Fixed - 5 years

    Borrowing range

    Suitable for

    Investors

    Loan term range

    5 - 30 years

    Principal & interest

    Interest only

    Applicable states

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

    Make repayments

    Monthly

    Features

    Extra repayments

    Not Allowed

    Redraw facility

    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

    $395 annually

    Discharge fee

    350

    Application method

    Online

    Phone

    Broker

    In branch

    Target Market Determination

    Visit Illawarra Credit Union to view Target Market Determination.

    Other Benefits

    20% QBE Home and Contents Insurance rebate offer No bull low rate Credit card fee waived while the Works Package is active

    Embed

    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 80 percent, which means it requires a minimum deposit of 20 percent

    What's the maximum length for this loan?

    Illawarra Credit Union allows you to have this loan for a range of 5 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?

    No, this loan doesn't come with a redraw facility.

    Where can you apply for this loan?

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