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Reduce Home Loans

Rate Cutter Home Loan

Advertised Rate

1.89

% p.a

Variable

Comparison Rate*

1.97

% p.a

Maximum LVR
70%
Real Time Rating™

4.64

/ 5
Monthly Repayment

$1,465

based on $350,000 loan amount for 25 years at 1.89%

Advertised Rate

1.89

% p.a

Variable

Comparison Rate*

1.97

% p.a

Maximum LVR
70%
Real Time Rating™

4.64

/ 5
Monthly Repayment

$1,465

based on $350,000 loan amount for 25 years at 1.89%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,465

based on $350,000 loan amount for 25 years at 1.89%

Quick home loan review

For Rate Cutter Home Loan (LVR < 70%)

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

These are the drawbacks of this home loan.

  • No offset account
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • Maximum loan amount is limited to 70% of the property's value
  • No repayment holidays

Home loan overview

For Rate Cutter Home Loan (LVR < 70%)

Details

Maximum LVR

70%

Total Repayments

Next LVR

Interest rate type

Variable

Borrowing range

Suitable for

Owner Occupiers

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

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

1,020

Application fee

440

Valuation fee

At Cost

Settlement fee

0

Other upfront fee

580

Ongoing fee

$0

Discharge fee

500

Application method

Online

Phone

Broker

In branch

Other Benefits

0.10% discount on rate after 60 months.

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FAQs

What is the minimum amount you can apply for?

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

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 70 percent, which means it requires a minimum deposit of 30 percent

What's the maximum length for this loan?

Reduce Home Loans allows you to have this loan for a range of 15 to 30 years.

How often can you make repayments?

Reduce Home Loans allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $1,020 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

Where can you apply for this loan?

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