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- Essentials Low Rate Home Loan (LVR < 60%)
Advantage Home Loan (Essential)
- Owner Occupied
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
6.19%
Comparison rate* p.a.
6.23%
Advantage Home Loan (Essential)
- Owner Occupied
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
6.19%
Comparison rate* p.a.
6.23%
RateCity says
"Nab a competitive interest rate and generous features, like a 100% full offset account, with this home loan offer."
Calculate your repayments for this loan
$
Your estimated repayment
$3,059
based on 500000 loan amount for 25 years at 6.19%
Monthly Repayment
$3,059
Total interest
$601,276
Total payments
$1,101,276
Start date
05-2024
End date
05-2049
$1,101,276
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For Advantage Home Loan (Essential)
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- 100% full offset account
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Higher than average upfront fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 60% of the property's value
- No repayment holidays
Mortgage House Variable Rate Home Loan overview
For Essentials Low Rate Home Loan (LVR < 60%)
Details
Maximum LVR
60%
Total repayments
$1,101,276
Interest rate type
Variable
Borrowing range
$150k - $5m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Mortgage House to view Target Market Determination.
Features
Extra repayments
Unlimited
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
$445
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$445
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$500
