Reduce Home Loans Home Owners Dream Fixed 2 Years (LVR 80%-90%) | Review & Compare Home Loans

Home Owners Dream Fixed Cash Back

RateCity Says: Keep the payments steady on your home loan for two years with a fixed rate, and pay no ongoing fees. Plus, you can apply with help from a guarantor.

Interest Rate

5.69

% p.a

Fixed - 2 years

Comparison Rate*

3.36

% p.a

Maximum LVR

80%

Real Time Rating™

Monthly Repayment

$1,876

based on $300,000 loan amount for 25 years at 5.69%

Interest Rate

5.69

% p.a

Fixed - 2 years

Comparison Rate*

3.36

% p.a

Maximum LVR

80%

Real Time Rating™

Monthly Repayment

$1,876

based on $300,000 loan amount for 25 years at 5.69%

Calculate your repayments for this loan

Your estimated repayment

$1,876

based on $300,000 loan amount for 25 years at 5.69%

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

Monthly Repayment

$1,445

based on $300,000 loan amount for 25 years at 3.14%

Interest Rate

3.14

% p.a

Variable

Comparison Rate*

3.16

% p.a

Interest rates ranked in the best 20%
Extra repayments and redraw facility
Free redraw facility

Real Time Rating™

More Features

Monthly Repayment

$1,445

based on $300,000 loan amount for 25 years at 3.14%

Interest Rate

3.14

% p.a

Variable

Comparison Rate*

3.06

% p.a

special

Receive an extra 0.01% p.a. discount every year, up to a maximum discount of 0.30% p.a.

Real Time Rating™

More Features

Monthly Repayment

$1,438

based on $300,000 loan amount for 25 years at 3.1%

Interest Rate

3.10

% p.a

Variable

Comparison Rate*

3.12

% 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

Quick home loan review

For Home Owners Dream Fixed Cashback 2 Years (LVR < 80%)

These are the benefits of this home loan.

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.

Limited extra repayments
No offset account
Higher than average interest rate
Loan reverts to higher rate after fixed period
Higher than average upfront fee
No repayment holidays

Home loan overview

For Home Owners Dream Fixed Cashback 2 Years (LVR < 80%)

Details
Features
Fees
Application method

Details

Maximum LVR 80%	Total Repayments $562,800 View repayment schedule »
Next LVR	Interest rate type Fixed - 2 years
Borrowing range $250k - $3.5m Calculate how much you can borrow	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 Yes - limited to $20000	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 440	Application fee 440
Legal fee At Cost	Valuation fee At Cost
Settlement fee 0	Other upfront fee 0
Ongoing fee $0	Discharge fee 0

Application method

Online Compare	Phone
Broker	In branch

Available

Not available

Data not captured

Target Market Determination

Visit Reduce Home Loans to view Target Market Determination.

Other Benefits

100% offset account available at $10/month. You may be eligible for a 0.10% discount after 5 years of good payment conduct; speak to your credit representative for more information. Add 0.10% to waive upfront fees ($697) on loans over $150k.

Checkout more home loans

Interest Rate

5.64

% p.a

Fixed - 2 years

Comparison Rate*

3.13

% p.a

100% full offset account
Extra repayments and redraw facility
Free redraw facility
Split account option

Real Time Rating™

Interest Rate

5.44

% p.a

Fixed - 2 years

Comparison Rate*

4.33

% p.a

No upfront or ongoing fees

Real Time Rating™

Interest Rate

5.89

% p.a

Fixed - 2 years

Comparison Rate*

4.54

% p.a

Rewards

Earn 300,000 Qantas Points for eligible home loans over $300k ~ Ends in 11 days

Real Time Rating™

Interest Rate

5.39

% p.a

Fixed - 2 years

Comparison Rate*

3.23

% p.a

Lower than average interest rate
No ongoing fees
100% full offset account
Extra repayments and redraw facility

Real Time Rating™

Product data updated on 8 Aug 2022

FAQs

The range you can borrow from this loan is $250k to $3,500,000.

This loan option comes with a maximum loan-to-value ratio of 80 percent, which means it requires a minimum deposit of 20 percent

Reduce Home Loans allows you to have this loan for a range of 1 to 30 years.

Reduce Home Loans 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 $440 worth of upfront fees.

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

Reduce Home Loans makes it possible to apply for this product online. Apply here.

powering smart financial decisions

Loan Types

Calculators

Guides and Help

Popular Lenders

Loan Types

Calculators

Guides and Help

Popular Lenders

Loan Types

Calculators

Guides and Help

Popular Lenders

Card Types

Calculators

Guides and Help

Popular Lenders

Banking

Loan Types

Guides and Help

Popular Lenders