Basic Investment Loan Fixed (Interest Only) (LVR 70%-80%) 4 Years
- Last updated on 09 Aug 2020
Smart Booster Home Loan Discounted Variable
special
1.99% variable rate for 12 months then 2.57% variable rateGet one of the lowest variable interest rates on the market
1.99%
Intro 12 months
2.55%
Smart Booster Home Loan Discounted Variable - 1yr
3.54%
Fixed - 4 years
3.41%
$1,354
based on $300,000 loan amount for 25 years
Pros
- No ongoing fees
- Repayments will not change during fixed period
Cons
- No extra repayments
- No redraw and no offset
- Discharge fee at end of loan
- Repayments won't decrease if RBA cuts rates
Maximum LVR 80% | Interest rate structure Fixed - 4 years |
Borrowing range $150k - $2m | Total Repayments $318,600 |
Principal & interest | Interest only |
Loan term range 0 - 30 years | Offset account No |
Extra repayments Not Allowed | Redraw facility |
Allows split interest | Suitable For Investors |
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA | |
Total estimated upfront fees $363 | Application fee $0 |
Settlement fee $0 | Valuation fee At Cost |
Legal fee $363 | Other upfront fee $0 |
Ongoing fee $0 | Discharge fee $400 |
Property Type | SMSF Trustee |
Minimum SMSF Amount |
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Macquarie Group Limited (commonly known as Macquarie Bank) employs more than 14,000 staff in over 70 office locations across 28 countries. It is headquartered in Sydney.
Macquarie Bank provides a wide range of home loans, including mortgages for first homebuyers, investors, upgraders and renovators.
Customer service is available through the online service portal, mobile app, or via phone.
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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.
To work out how much you could save, we run the home loan details you’ve provided through our database, and search for similar home loan options that we think would be suitable for you.
We then calculate the costs of these loan options over 15 years (to keep our calculations consistent) and compare them to the cost calculations for your current home loan.
Your $100 gift card works just like a digital VISA debit card and can be used anywhere that these cards are accepted until its balance runs out.
When you check your home loan rate, you’ll supply some basic information about your current loan, including the amount owing on your mortgage and your current interest rate.
We’ll compare this information to the home loan options in the RateCity database and show you which home loan products you may be eligible to apply for.
We use your current mortgage details to calculate the potential savings if you were to change lenders, and also to help us point you to loans that may meet your needs.
For example – if you live in the house you own, we’ll make sure we show you the owner-occupier rates, which are typically cheaper than investor rates. Or if you have less than 20% equity in your property, then we won’t show you the deals that require a greater amount of equity.
This competition is only available to Australian residents who are over 18 and check their home loan interest rate at RateCity. However, you are not required to refinance your home loan or apply for any financial products.
You can still enter if you don’t have a home loan yet – enter how much you plan to borrow and the details of the property you’re considering, and we’ll compare mortgage offers that may suit your needs and estimate how much you could save compared to a loan with an average interest rate.
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You can only enter the draw for the chance to win $1 million once. However, you can get additional entries by inviting your friends to check their own home loan rates.
When you complete your initial entry, you’ll receive a unique URL that you can send to your friends. For each friend that checks their home loan rates using this URL, you’ll receive one additional entry into the draw.