Wealth Maximizer Fixed (Principal and Interest) 2 Years (LVR 70%-75%)
Great Rate 1 year fixed Home Loan
special
Borrow up to 110% of the property value by asking your family to guarantee the home loan by using their property as security on your mortgage
Advertised Rate
2.79%
Fixed - 1 year
Comparison Rate*
3.82%
Great Rate
No upfront or ongoing feesSuitable for low deposits
View NowAdvertised Rate
3.19%
Fixed - 2 years
Comparison Rate*
3.16%
Maximum LVR
75%
Monthly Repayment
$1,080
Pros and Cons
Pros
- No upfront or ongoing fees
- 100% full offset account
- Repayments will not change during fixed period
Cons
- Discharge fee at end of loan
- Repayments won't decrease if RBA cuts rates
Reduce Home Loans Fees and Features
Maximum LVR 75% | Interest rate structure Fixed - 2 years |
Borrowing range $50k - $4m | Total Repayments $388,800 |
Principal & interest | Interest only |
Loan term range 1 - 30 years | Offset account 100% offset account |
Extra repayments Unlimited extra repayments | Redraw facility |
Allows split interest | Suitable For Investors |
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA | |
Estimated upfront fees $0 | Application fee $0 |
Settlement fee $0 | Valuation fee $0 |
Legal fee At Cost | Ongoing fee $0 |
Discharge fee $500 | Property Type |
SMSF Trustee | Minimum SMSF Amount |
Aggregator |
Other Benefits
100% offset account available at $10/month.
Compare and review home loans with similar features
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.
