Essential Home Loan 100% Offset Fixed (Interest Only) 5 Years
- Last updated on 11 Aug 2020
Discounted Variable Rate (OO P&I)
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Advertised Rate
2.49%
Variable
Comparison Rate*
2.49%
Discounted Variable Rate (Owner Occupied Principal & Interest)
No upfront or ongoing feesExtra repayments + redraw services
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Advertised Rate
3.32%
Fixed - 5 years
Comparison Rate*
3.35%
Maximum LVR
90%
Monthly Repayment
$1,317
based on $300,000 loan amount for 25 years
Pros and Cons
Pros
- No ongoing fees
- 100% full offset account
- Extra repayments + redraw services
- Free redraw facility
Cons
- Limited extra repayments
- Discharge fee at end of loan
- Repayments won't decrease if RBA cuts rates
Kogan Money Fees and Features
Maximum LVR 90% | Interest rate structure Fixed - 5 years |
Borrowing range $5k - $100m | Total Repayments $298,800 |
Principal & interest | Interest only |
Loan term range 0 - 30 years | Offset account 100% offset account |
Extra repayments Allowed with restrictions | Redraw facility Redraw fee: $0 |
Allows split interest | Suitable For Owner Occupiers |
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA | |
Total estimated upfront fees $150 | Application fee $150 |
Settlement fee $0 | Valuation fee $0 |
Legal fee $0 | Other upfront fee $0 |
Ongoing fee $0 | Discharge fee $200 |
Property Type | SMSF Trustee |
Minimum SMSF Amount |
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