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  4. Eco Home Loan Variable < 60%

Eco Home Loan Variable

  • Owner Occupied
  • Variable
  • 40% min deposit
  • P&I

Interest rate p.a.

5.84%

Comparison rate* p.a.

5.89%

Eco Home Loan Variable

  • Owner Occupied
  • Variable
  • 40% min deposit
  • P&I

Interest rate p.a.

5.84%

Comparison rate* p.a.

5.89%

Calculate your repayments for this loan

$

Your estimated repayment

$2,947

based on 500000 loan amount for 25 years at 5.84%

Monthly Repayment

$2,947

Total interest

$560,745

Total payments

$1,060,745

Start date

05-2024

End date

05-2049

$1,060,745
025 years
Principal owed
Total repayments owed
Interest owed

Pros and Cons

For Eco Home Loan Variable

Benefits

  • Interest rates ranked in the best 20%
  • No upfront or ongoing fees
  • Extra repayments and redraw facility
  • Free redraw facility
  • Green home loan

Drawbacks

  • No offset account
  • Maximum loan amount is limited to 60% of the property's value
  • No repayment holidays

Reduce Home Loans Variable Rate Home Loan overview

For Eco Home Loan Variable < 60%

Details

Maximum LVR

60%

Total repayments
Interest rate type

Variable

Borrowing range

$150k - $1b

Suitable for

Owner Occupiers

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

Fees

Total estimated upfront fees

$0

Application fee

$0

Legal fee

$0

Valuation fee

$0

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$0

Discharge fee

$0

Home loans

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