- Home
- Home Loans
- QBANK
- Line of Credit - Mortgage Secured Overdraft
Line of Credit - Mortgage Secured Overdraft
- Investor
- Variable
- 20.01% min deposit
- Interest Only
Interest rate p.a.
8.64%
Comparison rate* p.a.
Line of Credit - Mortgage Secured Overdraft
- Investor
- Variable
- 20.01% min deposit
- Interest Only
Interest rate p.a.
8.64%
Comparison rate* p.a.
QBANK Variable Rate Home Loan overview
For Mortgage Secured Overdraft Investment
No owner occupier products available
Details
Maximum LVR
79.99%
Total repayments
Interest rate type
Variable
Borrowing range
$30k - $2m
Suitable for
Investors, Line of Credit
Loan term range
1 - 30 years
Repayment type
Interest only
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit QPCU Limited 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
$895
Application fee
$700
Legal fee
$0
Valuation fee
$0
Settlement fee
$195
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$530
Pros and Cons
For Line of Credit - Mortgage Secured Overdraft
Benefits
- No ongoing fees
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- No offset account
- Higher than average interest rate
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
