Reduce Home Loans Home Owners Dream Fixed 5 Year (LVR < 80%) | Review & Compare Home Loans

Home Owners Dream Fixed

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Advertised Rate

2.99

% p.a

Fixed - 5 years

Comparison Rate*

2.54

% p.a

Maximum LVR

80%

Real Time Rating™

Monthly Repayment

$1,421

based on $300,000 loan amount for 25 years at 2.99%

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Summary
Features & fees
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Advertised Rate

2.99

% p.a

Fixed - 5 years

Comparison Rate*

2.54

% p.a

Maximum LVR

80%

Real Time Rating™

Monthly Repayment

$1,421

based on $300,000 loan amount for 25 years at 2.99%

Calculate your repayments for this loan

Your estimated repayment

$1,421

based on $300,000 loan amount for 25 years at 2.99%

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

Monthly Repayment

$1,199

based on $300,000 loan amount for 25 years at 2.09%

Advertised Rate

2.09

% p.a

Intro 24 months

Comparison Rate*

2.52

% p.a

Cashback

Refinance and get $3,000 cashback for new Owner Occupier and Investment Loans. Terms and Conditions apply.*~ Ends in 12 days

Real Time Rating™

More Features

Monthly Repayment

$1,147

based on $300,000 loan amount for 25 years at 1.85%

Advertised Rate

1.85

% p.a

Intro 24 months

Comparison Rate*

2.21

% 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

$1,107

based on $300,000 loan amount for 25 years at 1.99%

Advertised Rate

1.99

% p.a

Variable

Comparison Rate*

2.02

% p.a

special

Yard’s low-rate variable special home loan~ Ends in about 1 month

Real Time Rating™

More Features

Quick home loan review

For Home Owners Dream Fixed 5 Year (LVR < 80%)

These are the benefits of this home loan.

No ongoing fees
Parents can sign as guarantor
Split account option

These are the drawbacks of this home loan.

Limited extra repayments
No redraw and no offset
Higher than average interest rate
Loan reverts to higher rate after fixed period
Higher than average upfront fee
Discharge fee at end of loan
No repayment holidays

Home loan overview

For Home Owners Dream Fixed 5 Year (LVR < 80%)

Details
Features
Fees
Application method

Details

Maximum LVR 80%	Total Repayments $426,300 View repayment schedule »
Next LVR 3.09% for max LVR 90%	Interest rate type Fixed - 5 years
Borrowing range $50k - $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	Split interest facility
Loan portable	Repayment holiday available
Allow guarantors	Available for first home buyers

Fees

Total estimated upfront fees $1170	Application fee $440
Legal fee At Cost	Valuation fee At Cost
Settlement fee $0	Other upfront fee $730
Ongoing fee $0	Discharge fee $500

Application method

Online	Phone
Broker	In branch

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.

Compare and review home loans with similar features

Advertised Rate

2.89

% p.a

Fixed - 5 years

Comparison Rate*

2.49

% p.a

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

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2.60

% p.a

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Comparison Rate*

2.70

% p.a

special

Apply for a 3 or 6 month break repayments reduction for environmental upgrades

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2.84

% p.a

Fixed - 5 years

Comparison Rate*

3.84

% p.a

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Advertised Rate

2.94

% p.a

Fixed - 5 years

Comparison Rate*

2.54

% p.a

Lower than average interest rate
No ongoing fees
Split account option

Real Time Rating™

FAQs

The range you can borrow from this loan is $50k 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 $1,170 worth of upfront fees.

No, this loan doesn't come with a redraw facility.

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

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