Important disclosure

Northern Inland Credit Union

Smart Home Loan

  • Investor
  • Variable
  • 5.01% min deposit
  • P&I
Interest Rate

7.44%

p.a

Comparison Rate*

7.57%

p.a

Real Time Rating™
Tags
  • Investor
  • Variable
  • 5.01% min deposit
  • P&I
Interest Rate

7.44%

p.a

Comparison Rate*

7.57%

p.a

ly Repayment

$0

based on $250,000 loan amount for 25 years at 7.44%

Smart Home Loan

Find your ideal home loan from one of the 2 home loans from Northern Inland

Principal and Interest (P&I)

Loan typeLoan to value ratio
Interest rate
Comparison rate
Variable
Up to 94.99%

7.44% p.a.

7.57% p.a.

Product Info

Interest only

Loan typeLoan to value ratio
Interest rate
Comparison rate
Variable
Up to 94.99%

7.94% p.a.

8.07% p.a.

Product Info

Northern Inland Variable Rate Home loan overview

For Smart Investment Loan

Details

Maximum LVR

Less than 95%

Total Repayments

Interest rate type

Variable

Borrowing range

Suitable for

Investors

Loan term range

0 - 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 Northern Inland Credit Union to view Target Market Determination.

Features

Extra repayments

Unlimited

Redraw facility

Redraw fee: $0

Split interest facility

Loan portability

Repayment holiday available

Allow guarantors

Available for first home buyers

Other benefits

Fees

Total estimated upfront fees

$600

Application fee

$600

Valuation fee

$0

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$8

Discharge fee

$200

Pros and cons

For Smart Investment Loan

Benefits

  • 100% full offset account
  • Suitable for low deposits
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

Drawbacks

  • Higher than average interest rate
  • Ongoing fee
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays
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Comparison Rate*

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Comparison Rate*

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $20k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 94.99 percent, which means it requires a minimum deposit of 5.01 percent

What's the maximum length for this loan?

Northern Inland Credit Union allows you to have this loan for a range of 0 to 30 years.

How often can you make repayments?

Northern Inland Credit Union allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $600 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

How do you apply for this loan?

To apply for this loan, please contact Northern Inland Credit Union.

Can a broker help me with this loan?

Yes, this Northern Inland Credit Union loan is available through a broker. Find a broker to help you with your needs.