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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
Home loans

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