Reduce Home Loans Investor Rate Cutter (Principal and Interest) (LVR < 80%) | Review & Compare Home Loans

Investor Rate Cutter

RateCity Says: A competitive home loan offer with added features and few fees from one of Australia's leading low-rate lenders.

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Interest Rate

2.09

% p.a

Variable

Comparison Rate*

2.18

% p.a

Maximum LVR

80%

Real Time Rating™

Monthly Repayment

$1,285

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

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Summary
Features & fees
Similar Products
Latest News

Interest Rate

2.09

% p.a

Variable

Comparison Rate*

2.18

% p.a

Maximum LVR

80%

Real Time Rating™

Monthly Repayment

$1,285

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

Calculate your repayments for this loan

Your estimated repayment

$1,285

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

Here are some similar home loans that you may be interested in

TMD

Monthly Repayment

$1,250

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

Interest Rate

1.85

% p.a

Variable

Comparison Rate*

1.88

% 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

$1,292

based on $300,000 loan amount for 25 years at 2.14%

Interest Rate

2.14

% p.a

Variable

Comparison Rate*

2.14

% p.a

Interest rates ranked in the best 20%
No upfront or ongoing fees
100% full offset account
Extra repayments and redraw facility

Real Time Rating™

More Features

Monthly Repayment

$1,241

based on $300,000 loan amount for 25 years at 1.79%

Interest Rate

1.79

% p.a

Variable

Comparison Rate*

1.84

% p.a

Interest rates ranked in the best 20%
No ongoing fees
100% full offset account
Extra repayments and redraw facility

Real Time Rating™

More Features

Quick home loan review

For Investor Rate Cutter (Principal and Interest) (LVR < 80%)

These are the benefits of this home loan.

Interest rates ranked in the best 20%
No ongoing fees
Extra repayments and redraw facility
Free redraw facility
Split account option
Features on 2021 RateCity Awards

These are the drawbacks of this home loan.

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

Home loan overview

For Investor Rate Cutter (Principal and Interest) (LVR < 80%)

TMD

Details
Features
Fees
Application method

Details

Maximum LVR 80%	Total Repayments $385,500 View repayment schedule »
Next LVR 2.49% for max LVR 90%	Interest rate type Variable
Borrowing range $50k - $1m Calculate how much you can borrow	Suitable for Investors
Loan term range 15 - 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 1,170	Application fee 440
Legal fee At Cost	Valuation fee At Cost
Settlement fee 150	Other upfront fee 580
Ongoing fee $0	Discharge fee 500

Application method

Online Compare	Phone
Broker	In branch

Available

Not available

Data not captured

Specials

Other Online Instant Approval

Target Market Determination

Visit Reduce Home Loans to view Target Market Determination.

Other Benefits

Optional Offset for $395 p.a.

Checkout more home loans

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

2.24

% p.a

Intro 12 months

Comparison Rate*

2.96

% 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

2.84

% p.a

Variable

Comparison Rate*

2.84

% 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

1.85

% p.a

Variable

Comparison Rate*

1.88

% p.a

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

Real Time Rating™

Product data updated on 18 May 2022

FAQs

The range you can borrow from this loan is $50k to $1,000,000.

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 15 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.

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.

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