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- Home Loans
- Regional Australia Bank
- Mortgage Overdraft
Mortgage Overdraft
- Owner Occupied
- Variable
- 5% min deposit
- Interest Only
Interest rate p.a.
8.57%
Comparison rate* p.a.
Mortgage Overdraft
- Owner Occupied
- Variable
- 5% min deposit
- Interest Only
Interest rate p.a.
8.57%
Comparison rate* p.a.
Regional Australia Bank Variable Rate Home Loan overview
For Mortgage Secured Overdraft
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
95%
Total repayments
Interest rate type
Variable
Borrowing range
$5k - $5m
Suitable for
Line of Credit, Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Interest only
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Regional Australia Bank to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$250
Application fee
$0
Legal fee
$250
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$250
Pros and Cons
For Mortgage Overdraft
Benefits
- No ongoing fees
- Suitable for low deposits
- Parents can sign as guarantor
Drawbacks
- No redraw and no offset
- Higher than average interest rate
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
