RAMS Essential Investment Loan (Principal and Interest) (LVR < 70%) | Review & Compare Home Loans

Essential Home Loan

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Interest rate

2.44

% p.a

Variable

Comparison Rate*

2.50

% p.a

Maximum LVR

Less than 70%

Real Time Rating™

Monthly Repayment

$1,337

based on $300,000 loan amount for 25 years at 2.44%

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Summary
Features & fees
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Interest rate

2.44

% p.a

Variable

Comparison Rate*

2.50

% p.a

Maximum LVR

Less than 70%

Real Time Rating™

Monthly Repayment

$1,337

based on $300,000 loan amount for 25 years at 2.44%

Calculate your repayments for this loan

Your estimated repayment

$1,337

based on $300,000 loan amount for 25 years at 2.44%

Based on your details, you can compare and save on the following home loans

TMD

Monthly Repayment

$1,161

based on $300,000 loan amount for 25 years at 2.34%

Interest rate

2.34

% p.a

Variable

Comparison Rate*

2.34

% p.a

Interest rates ranked in the best 20%
No upfront or ongoing fees
Extra repayments and redraw facility
Free redraw facility

Real Time Rating™

More Features

Monthly Repayment

$1,135

based on $300,000 loan amount for 25 years at 2.17%

Interest rate

2.17

% p.a

Variable

Comparison Rate*

2.20

% p.a

Interest rates ranked in the best 20%
No ongoing fees
Extra repayments and redraw facility
Free redraw facility

Real Time Rating™

More Features

Monthly Repayment

$1,168

based on $300,000 loan amount for 25 years at 2.39%

Interest rate

2.39

% p.a

Variable

Comparison Rate*

2.39

% p.a

Interest rates ranked in the best 20%
No upfront or ongoing fees
Extra repayments and redraw facility
Free redraw facility

Real Time Rating™

More Features

Quick home loan review

For Essential Investment Loan (Principal and Interest) (LVR < 70%)

These are the benefits of this home loan.

Interest rates ranked in the best 20%
No ongoing fees
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
Maximum loan amount is limited to 69.99% of the property's value

Home loan overview

For Essential Investment Loan (Principal and Interest) (LVR < 70%)

TMD

Details
Features
Fees
Application method

Details

Maximum LVR Less than 70%	Total Repayments $401,100 View repayment schedule »
Next LVR 2.74% for max LVR 79.99%	Interest rate type Variable
Borrowing range $15k - $100m Calculate how much you can borrow	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 Fortnightly, Monthly, Weekly

Features

Extra repayments Unlimited extra repayments	Offset account No
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
Legal fee $0	Valuation fee $0
Settlement fee 285	Other upfront fee 0
Ongoing fee $0	Discharge fee 295

Application method

Online	Phone
Broker Talk to an expert	In branch

Target Market Determination

Visit RAMS to view Target Market Determination.

Compare and review home loans with similar features

TMD

Interest rate

2.17

% p.a

Variable

Comparison Rate*

2.20

% p.a

Interest rates ranked in the best 20%
No ongoing fees
Extra repayments and redraw facility
Free redraw facility

Real Time Rating™

Interest rate

2.34

% p.a

Variable

Comparison Rate*

2.34

% p.a

Interest rates ranked in the best 20%
No upfront or ongoing fees
Extra repayments and redraw facility
Free redraw facility

Real Time Rating™

Interest rate

2.98

% p.a

Variable

Comparison Rate*

3.02

% p.a

Lower than average interest rate
No ongoing fees
Extra repayments and redraw facility
Free redraw facility

Real Time Rating™

Interest rate

2.39

% p.a

Variable

Comparison Rate*

2.39

% p.a

Interest rates ranked in the best 20%
No upfront or ongoing fees
Extra repayments and redraw facility
Free redraw facility

Real Time Rating™

FAQs

The range you can borrow from this loan is $15k to $99,999,999.

This loan option comes with a maximum loan-to-value ratio of 69.99 percent, which means it requires a minimum deposit of 30.01 percent

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

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

While it could change based on your circumstances, RateCity estimates that this loan option comes with $880 worth of upfront fees.

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

To apply for this loan, please contact RAMS.

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

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