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RAMS

Essential Home Loan

Advertised Rate

2.54

% p.a

Variable

Comparison Rate*

2.60

% p.a

Maximum LVR
Less than 95%
Real Time Rating™

3.73

/ 5
Monthly Repayment

$1,352

based on $300,000 loan amount for 25 years at 2.54%

Advertised Rate

2.54

% p.a

Variable

Comparison Rate*

2.60

% p.a

Maximum LVR
Less than 95%
Real Time Rating™

3.73

/ 5
Monthly Repayment

$1,352

based on $300,000 loan amount for 25 years at 2.54%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,352

based on $300,000 loan amount for 25 years at 2.54%

Quick home loan review

For Essential Home Loan (Principal and Interest) (LVR > 80%)

These are the benefits of this home loan.

  • Lower than average interest rate
  • No ongoing fees
  • Suitable for low deposits
  • Parents can sign as guarantor
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • No offset account
  • Higher than average upfront fee
  • Discharge fee at end of loan

Home loan overview

For Essential Home Loan (Principal and Interest) (LVR > 80%)

Details

Maximum LVR

Less than 95%

Total Repayments

Next LVR

Interest rate type

Variable

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

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

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Unlimited extra repayments

Redraw facility

Redraw fee: $0

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

$0

Discharge fee

295

Application method

Online

Phone

In branch

Specials
  • Cashback $4000 Refinance cashback
    Receive a $4,000 cashback when you refinance your home loan to a new RAMS Home Loan, with a minimum loan size of $250k. $2000 cashback for First Home Buyers

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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 94.99 percent, which means it requires a minimum deposit of 5.01 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: 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 $880 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 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.