Member Package Flexible Investment Loan Fixed (Principal and Interest) 5 Years (LVR < 80%)
- Last updated on 09 Aug 2020
Discounted Variable Rate (OO P&I)
Make the move to UBank's award winning home loan
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
3.28%
Fixed - 5 years
Comparison Rate*
3.72%
Maximum LVR
80%
Monthly Repayment
$1,311
based on $300,000 loan amount for 25 years
Pros and Cons
Pros
- Repayments will not change during fixed period
Cons
- Limited extra repayments
- No redraw and no offset
- Annual fee charged
- Discharge fee at end of loan
ME Bank Fees and Features
Maximum LVR 80% | Interest rate structure Fixed - 5 years |
Borrowing range $150k - $400k | Total Repayments $471,960 |
Principal & interest | Interest only |
Loan term range 5 - 30 years | Offset account No |
Extra repayments Allowed with restrictions | Redraw facility |
Allows split interest | Suitable For Investors |
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA | |
Total estimated upfront fees $200 | Application fee $0 |
Settlement fee $0 | Valuation fee $0 |
Legal fee $200 | Other upfront fee $0 |
Ongoing fee $395 annually | Discharge fee $350 |
Property Type | SMSF Trustee |
Minimum SMSF Amount |
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