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Reduce Home Loans

Fixed Rate Wealth Maximizer

Awards

Winner of Best 3 Year Investor Fixed Pi, RateCity Gold Awards 2021

Advertised Rate

2.34

% p.a

Fixed - 3 years

Comparison Rate*

2.53

% p.a

Maximum LVR
80%
Real Time Rating™

3.58

/ 5
Monthly Repayment

$1,542

based on $350,000 loan amount for 25 years at 2.34%

Advertised Rate

2.34

% p.a

Fixed - 3 years

Comparison Rate*

2.53

% p.a

Maximum LVR
80%
Real Time Rating™

3.58

/ 5
Monthly Repayment

$1,542

based on $350,000 loan amount for 25 years at 2.34%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,542

based on $350,000 loan amount for 25 years at 2.34%

Quick home loan review

For Wealth Maximizer Fixed (Principal and Interest) 3 Years (LVR < 80%)

These are the benefits of this home loan.

  • Interest rates ranked in the best 20%
  • No ongoing fees
  • Split account option
  • Features on 2021 RateCity Awards

These are the drawbacks of this home loan.

  • No redraw and no offset
  • Loan reverts to higher rate after fixed period
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Wealth Maximizer Fixed (Principal and Interest) 3 Years (LVR < 80%)

Details

Maximum LVR

80%

Total Repayments

Interest rate type

Fixed - 3 years

Borrowing range

Suitable for

Investors

Loan term range

1 - 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

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

697

Application fee

0

Valuation fee

At Cost

Settlement fee

0

Other upfront fee

697

Ongoing fee

$0

Discharge fee

500

Application method

Online

Phone

Broker

In branch

Other Benefits

100% offset account available at $10/month.

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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 80 percent, which means it requires a minimum deposit of 20 percent

What's the maximum length for this loan?

Reduce Home Loans allows you to have this loan for a range of 1 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 $697 worth of upfront fees.

Does this loan come with a redraw facility?

No, this loan doesn't come with a redraw facility.

Where can you apply for this loan?

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