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Essentials Home Loan (Purchase) (Interest Only)

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Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros and Cons

Pros:
  • No ongoing fees
  • Low interest rate
  • Extra repayments + redraw services
  • Free redraw facility
Cons:
  • Repayments may increase if RBA raises rates

Fees and Features

Maximum LVR
Maximum LVR
80%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$50k - $2m
Total repayments
Total repayments
$429,120
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
15 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$520.00
Application fee
Application fee
$0
Settlement fee
Settlement fee
$300
Valuation fee
Valuation fee
$220
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee
$0
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount
Maximum LVR
Maximum LVR
80%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$50k - $2m
Total repayments
Total repayments
$429,120
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
15 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$520.00
Application fee
Application fee
$0
Settlement fee
Settlement fee
$300
Valuation fee
Valuation fee
$220
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee
$0
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount

Compare and review home loans with similar features

Loan Profile
Advertised rate
Advertised rate
4.39%
Variable
Advertised rate
4.09%
Fixed - 5 years
Advertised rate
4.34%
Fixed - 5 years
Advertised rate
4.66%
Variable
Comparison rate*
Comparison rate*
4.38%
Comparison rate*
4.10%
Comparison rate*
5.33%
Comparison rate*
4.59%
Monthly repayment
Monthly repayment
$1,250
Monthly repayment
$1,207
Monthly repayment
$1,243
Monthly repayment
$1,291
Total repayments
Total repayments
$450,000
Total repayments
$434,520
Total repayments
$447,480
Total repayments
$464,760
Minimum deposit %
Minimum deposit %
20%
Minimum deposit %
20%
Minimum deposit %
10%
Minimum deposit %
20%
Loan term
Loan term
1 - 30 years
Loan term
29 - 30 years
Loan term
8 - 30 years
Loan term
1 - 30 years
Investors loans
Investors loans
Investors loans
Investors loans
Investors loans
Owner occupied
Owner occupied
Owner occupied
Owner occupied
Owner occupied
Loan Fees
Estimated upfront fees
Estimated upfront fees
$150.00
Estimated upfront fees
$0
Estimated upfront fees
$600.00
Estimated upfront fees
$0
Settlement fee
Settlement fee
$150
Settlement fee
$0
Settlement fee
$0
Settlement fee
$0
Discharge fee
Discharge fee
$320
Discharge fee
$0
Discharge fee
$350
Discharge fee
$0
Application fee
Application fee
$0
Application fee
$0
Application fee
$600
Application fee
$0
Ongoing fee
Ongoing fee
$10 monthly
Ongoing fee
$0
Ongoing fee
$10 monthly
Ongoing fee
$0
Repayments Redraws
Offset account
Offset account
100% offset account
Offset account
Offset account
Offset account
Redraw facility
Redraw facility
Redraw fee: $0
Redraw facility
Redraw facility
Redraw facility
Redraw fee: $0
Extra repayments
Extra repayments
Unlimited extra repayments
Extra repayments
Not Allowed
Extra repayments
Allowed with restrictions
Extra repayments
Unlimited extra repayments
Interest Rate Options
Interest rate structure
Interest rate structure
Variable
Interest rate structure
Fixed - 5 years
Interest rate structure
Fixed - 5 years
Interest rate structure
Variable
Allows split interest
Allows split interest
Allows split interest
Allows split interest
Allows split interest
Principal & interest
Principal & interest
Principal & interest
Principal & interest
Principal & interest
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Loans.com.au is an Australian-owned, innovative online only lender that has been providing Australian customers with a range of low rate, flexible home and investment loans and car loans. Being 100 per cent online means that loans.com.au has fewer overheads and the lender is able to deliver lower rates and fees.

Loans.com.au has won numerous awards including the Smart Investor Blue Ribbon Award for Best Property Investment Loan, Money magazine’s Cheapest Home Loan – non bank and the Cheapest Flexible Home Loan – non bank.

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