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- Basic Home Loan Fixed (Principal and Interest) (LVR < 70%) 3 Years
Basic Home Loan
- Owner Occupied
- Fixed 3 years
- 30% min deposit
- P&I
Interest rate p.a.
6.25%
Comparison rate* p.a.
6.20%
Basic Home Loan
- Owner Occupied
- Fixed 3 years
- 30% min deposit
- P&I
Interest rate p.a.
6.25%
Comparison rate* p.a.
6.20%
RateCity says
"Owner occupiers with deposits of 30% or more can lock in a low fixed rate for three years, with no ongoing fees. "
Calculate your repayments for this loan
$
Your estimated repayment
$3,079
based on 500000 loan amount for 25 years at 6.25%
Monthly Repayment
$3,079
Total interest
$598,660
Total payments
$1,096,730
Start date
05-2024
End date
05-2049
$1,096,730
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For Basic Home Loan
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Limited extra repayments
- No offset account
- Loan reverts to higher rate after fixed period
- Higher than average upfront fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 70% of the property's value
- No repayment holidays
Macquarie Bank Fixed - 3 years Rate Home Loan overview
For Basic Home Loan Fixed (Principal and Interest) (LVR < 70%) 3 Years
Details
Maximum LVR
70%
Total repayments
$1,096,730
Interest rate type
Fixed - 3 years
Borrowing range
$150k - $10m
Suitable for
Owner Occupiers
Loan term range
0 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Monthly
Target Market Determination
Visit Macquarie Bank Limited to view Target Market Determination.
Features
Extra repayments
Allowed with restrictions
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$350
Application fee
$0
Legal fee
$350
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$400
