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Self Managed Super Fund (Metro) (LVR < 65%)

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Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros and Cons

Pros:
  • Extra repayments + redraw services
  • Free redraw facility
  • Repayments may decrease if RBA cuts rates
Cons:
  • Not available for first home buyer
  • Annual fee charged
  • Discharge fee at end of loan
  • Repayments may increase if RBA raises rates
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Fees and Features

Maximum LVR
Maximum LVR
65%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$50k - $750k
Total repayments
Total repayments
$429,300
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
0 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForInvestors, Self-Managed Super Funds
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$3850.00
Application fee
Application fee
$1,665
Settlement fee
Settlement fee
$450
Valuation fee
Valuation fee
$250
Legal fee
Legal fee
$1485
Ongoing fee
Ongoing fee
$395 annually
Discharge fee
Discharge fee
$895
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount
Maximum LVR
Maximum LVR
65%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$50k - $750k
Total repayments
Total repayments
$429,300
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
0 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForInvestors, Self-Managed Super Funds
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$3850.00
Application fee
Application fee
$1,665
Settlement fee
Settlement fee
$450
Valuation fee
Valuation fee
$250
Legal fee
Legal fee
$1485
Ongoing fee
Ongoing fee
$395 annually
Discharge fee
Discharge fee
$895
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount

Reduce Home Loans is 100 per cent dedicated to home loans, offering no other financial services. It’s also primarily online, and this simple business model helps Reduce Home Loans keep running costs down and deliver low interest rates.

This Australian owned and operated lender only opened in 2010, so it’s a relative newcomer. However, Reduce Home Loans has won many business awards since, including Money Magazine’s cheapest non-bank home loan in 2016, 2017 and 2018.

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