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- Investor Rate Slasher Special
Investor Rate Slasher Special
- Investor
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
6.59%
Comparison rate* p.a.
6.65%
Investor Rate Slasher Special
- Investor
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
6.59%
Comparison rate* p.a.
6.65%
Reduce Home Loans Variable Rate Home Loan overview
For Rate Slasher Investment Loan Special (Principal & Interest) (LVR < 80%)
No owner occupier products available
Details
Maximum LVR
80%
Total repayments
Interest rate type
Variable
Borrowing range
$50k - $3.5m
Suitable for
Investors
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Reduce Home Loans Pty Ltd to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Optional 100% offset account available at $10/month. Available for Construction- add 0.30% to rate.
Fees
Total estimated upfront fees
$1.7k
Application fee
$440
Legal fee
$0
Valuation fee
$250
Settlement fee
$480
Other upfront fee
$500
Ongoing fee
$0
Discharge fee
$0
Pros and Cons
For Investor Rate Slasher Special
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- No offset account
- Higher than average upfront fee
- No repayment holidays