Essential Investment Loan Fixed (Principal and Interest) 1 Year
- Last updated on 12 Aug 2020
Discounted Variable Rate (OO P&I)
Make the move to UBank's award winning home loan
2.49%
Variable
2.49%
Discounted Variable Rate (Owner Occupied Principal & Interest)
2.57%
Fixed - 1 year
3.48%
$1,196
based on $300,000 loan amount for 25 years
Pros
- No ongoing fees
- Extra repayments + redraw services
- Free redraw facility
- Repayments will not change during fixed period
Cons
- Limited extra repayments
- Discharge fee at end of loan
- Repayments won't decrease if RBA cuts rates
Maximum LVR 90% | Interest rate structure Fixed - 1 year |
Borrowing range $5k - $100m | Total Repayments $430,560 |
Principal & interest | Interest only |
Loan term range 0 - 30 years | Offset account No |
Extra repayments Allowed with restrictions | Redraw facility Redraw fee: $0 |
Allows split interest | Suitable For Investors |
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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FAQs
RateCity wants to prove that it pays to check your home loan rate, and provide some extra motivation for doing so. We want to encourage people to take an active interest in their home loans, and gain a thorough understanding of what they’re paying and how much they could save.
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No. While we will do our best to show a list of loans that may suit your needs, if you choose to apply to refinance, it is up to the lender to approve or disapprove your loan based on your individual circumstances, after you have submitted all your paperwork.
This can sometimes take up to 30 days, so it is important to find out exactly what the criteria is for the loan, and what you need in terms of paperwork. RateCity does not make any suggestions taking into account your personal and individual needs.
If we can’t beat your current home loan rate, you can claim your $100 gift card by confirming your home loan details with us.*
To do this, on your results page you’ll need to securely upload a home loan document or statement from your lender that can be used to confirm the home loan details you provided. This should outline the following information:
- Loan term
- Loan type (fixed / variable)
- Payment type (principal and interest / interest only)
- Loan purpose (owner / investor)
- Property value
- Date of loan commencement
- Any special conditions
We’ll keep your information private and confidential and only use your document to confirm your entry.
Your repayments should appear on your bank statements or your internet banking. If you make weekly or fortnightly repayments, make sure you convert them to monthly calculations.