RateCity.com.au
powering smart financial decisions
RateCity.com.au
RAMS

Fixed Rate Classic Home Loan

Interest Rate

6.54

% p.a

Fixed - 10 years

Comparison Rate*

5.75

% p.a

Maximum LVR
Less than 80%
Real Time Rating™

1.74

/ 5
Monthly Repayment

$1,635

based on $300,000 loan amount for 25 years at 6.54%

Interest Rate

6.54

% p.a

Fixed - 10 years

Comparison Rate*

5.75

% p.a

Maximum LVR
Less than 80%
Real Time Rating™

1.74

/ 5
Monthly Repayment

$1,635

based on $300,000 loan amount for 25 years at 6.54%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,635

based on $300,000 loan amount for 25 years at 6.54%

RAMS home loans are available through brokers who can help find the right loan and manage your application at no charge.

Jingxia (Suzanne) Wang

5.0
103 Reviews

Get expert advice from a home loans specialist.

With double master degrees of Professional Accounting and Commerce and over 3 years working experiences in the mortgage broking industry, Suzanne has been developing a wider sense of what her clients need and how to achieve their dreams of buying or building their own homes as well as increasing their investment property portfolio to build wealth. Suzanne loves meeting new clients and catching up with existing clients, she has a passion for delivering professional skills and experience to customise a solution for her clients to secure their financial future. On weekends she enjoys spending time with her family, reading books with her child, and going for long walks in the park. Suzanne Wang is a credit representative 534100 of BLSSA Pty Ltd ACN 117 651 760 (Australia Credit License 391237). Mobile: 0424 761 688 Email: [email protected]

VIC3128

CRN: 484532

Lee HAO

5.0
326 Reviews

Get expert advice from a home loans specialist.

Lee is a graduate of Monash University with a Bachelor of Commerce and Arts. Lee is strongly passionate about the real estate market and banks since he was a student. Driven by this passion, together with experience in consulting companies and banks, Lee hopes to educate and guide her clients throughout their real estate ownership journey. Lee believes in placing the clients at the centre of every relationship and building trust through honesty and reliability. 'I want to empower my clients' every property dream and hope to service them until they retire with rent.' 'I will not try to sell you a deal that I will not sell it to my mom.' That's his principle. We are here to fight for the best possible deal for every customer. We have a great relationship with more than 30 lenders. Not that they happen to be on our panel but we actually settled with them and know their policies and procedure inside out. We do not recommend any lenders or products without a personalized and on time research for you. So our process ensure the deals we present are in your best interest hot and fresh. Our standard operation procedure is: 1) Free consultation by phone or zoom to understand your needs. Answer your burning questions. 2) Collect information, facts and document to conduct research for you. Give us a chance and allow us to make a positive impact on your personal finance; Research will usually take 2-3 business days. For more complicate cases may take longer on notice case by case. 3) Present solutions via zoom or in person. 30-60 mins. Also including a property purchase or investment strategy session. 4) Once you made the decision it takes 2-10 business days to proceed and obtain a pre-approval or refinance formal approval. Other days and procedure will be designed and notice according to your situation. 5) Free after settlement review every year too. Service Satisfaction guarantee!!** Call me and let's chat.

VIC3128

CRN: 484532

Quick home loan review

For Fixed Rate Classic Investment Loan (Interest Only) 10 Years

These are the benefits of this home loan.

  • Redraw facility available
  • Parents can sign as guarantor
  • Extra repayments and redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • Limited extra repayments
  • No offset account
  • Higher than average interest rate
  • Loan reverts to higher rate after fixed period
  • Ongoing fee
  • Higher than average upfront fee
  • Discharge fee at end of loan

Home loan overview

For Fixed Rate Classic Investment Loan (Interest Only) 10 Years

TMD

Details

Maximum LVR

Less than 80%

Total Repayments

Next LVR

Interest rate type

Fixed - 10 years

Borrowing range

Suitable for

Investors

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Monthly

Features

Extra repayments

Yes - limited to $30000

Redraw facility

Redraw fee: $10

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

880

Application fee

595

Valuation fee

$0

Settlement fee

285

Other upfront fee

0

Ongoing fee

$10 monthly

Discharge fee

295

Application method

Online

Phone

In branch

Available
Not available
Data not captured

Target Market Determination

Visit RAMS to view Target Market Determination.

Embed

RAMS is available through brokers

Lee HAO
5.0
326 Reviews
Lee is a graduate of Monash University with a Bachelor of Commerce and Arts. Lee is strongly passionate about the real estate market and banks since he was a student. Driven by this passion, together with experience in consulting companies and banks, Lee hopes to educate and guide her clients throughout their real estate ownership journey. Lee believes in placing the clients at the centre of every relationship and building trust through honesty and reliability. 'I want to empower my clients' every property dream and hope to service them until they retire with rent.' 'I will not try to sell you a deal that I will not sell it to my mom.' That's his principle. We are here to fight for the best possible deal for every customer. We have a great relationship with more than 30 lenders. Not that they happen to be on our panel but we actually settled with them and know their policies and procedure inside out. We do not recommend any lenders or products without a personalized and on time research for you. So our process ensure the deals we present are in your best interest hot and fresh. Our standard operation procedure is: 1) Free consultation by phone or zoom to understand your needs. Answer your burning questions. 2) Collect information, facts and document to conduct research for you. Give us a chance and allow us to make a positive impact on your personal finance; Research will usually take 2-3 business days. For more complicate cases may take longer on notice case by case. 3) Present solutions via zoom or in person. 30-60 mins. Also including a property purchase or investment strategy session. 4) Once you made the decision it takes 2-10 business days to proceed and obtain a pre-approval or refinance formal approval. Other days and procedure will be designed and notice according to your situation. 5) Free after settlement review every year too. Service Satisfaction guarantee!!** Call me and let's chat.
VIC3128
CRN: 484532

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $15k 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 79.99 percent, which means it requires a minimum deposit of 20.01 percent

What's the maximum length for this loan?

RAMS allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

RAMS allows you to make repayments to this loan option through one of the following repayment schedules: monthly.

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 $880 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $10 if you need to use it.

How do you apply for this loan?

To apply for this loan, please contact RAMS.

Can a broker help me with this loan?

Yes, this RAMS loan is available through a broker. Find a broker to help you with your needs.