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- Mortgage Breaker Investment Loan (QLD only) (Principal and Interest)
Mortgage Breaker Variable Home Loan - Investor (QLD only)
- Investor
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
9.04%
Comparison rate* p.a.
9.12%
Mortgage Breaker Variable Home Loan - Investor (QLD only)
- Investor
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
9.04%
Comparison rate* p.a.
9.12%
Calculate your repayments for this loan
$
Your estimated repayment
$4,038
based on 500000 loan amount for 25 years at 9.04%
Monthly Repayment
$4,038
Total interest
$953,504
Total payments
$1,453,504
Start date
05-2024
End date
05-2049
$1,453,504
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For Mortgage Breaker Variable Home Loan - Investor (QLD only)
Benefits
- No ongoing fees
- 100% full offset account
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Higher than average interest rate
- Higher than average upfront fee
- Discharge fee at end of loan
RACQ Bank Variable Rate Home Loan overview
For Mortgage Breaker Investment Loan (QLD only) (Principal and Interest)
Details
Maximum LVR
90%
Total repayments
$1,453,504
Interest rate type
Variable
Borrowing range
$20k - $100m
Suitable for
Investors
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
QLD
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit RACQ Bank 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
$900
Application fee
$900
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$165
