Regional Australia Bank Mortgage Secured Overdraft | Review & Compare Home Loans

Summary
Features & fees
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About

Advertised Rate

5.24%

Variable

Comparison Rate*

5.27%

Maximum LVR

95%

Real Time Rating™

1.23 / 5

Monthly Repayment

Pros and Cons

Pros

No ongoing fees
Suitable for low deposits
Parents can sign as guarantor
Repayments may decrease if RBA cuts rates

Cons

No redraw and no offset
Discharge fee at end of loan
Repayments may increase if RBA raises rates

Regional Australia Bank Fees and Features

Maximum LVR 95%	Interest rate structure Variable
Borrowing range $5k - $5m Calculate how much you can borrow	Total Repayments $0 View repayment schedule »
Principal & interest	Interest only
Loan term range 1 - 30 years	Offset account No
Extra repayments Unlimited extra repayments	Redraw facility
Allows split interest	Suitable For Line of Credit, Owner Occupiers
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA	Make Repayments Fortnightly, Monthly, Weekly
Estimated upfront fees $400	Application fee $0
Settlement fee $0	Valuation fee $150
Legal fee $250	Ongoing fee $0
Discharge fee $250	Property Type
SMSF Trustee	Minimum SMSF Amount
Aggregator

Compare and review home loans with similar features

Lower Rate

UHomeLoan Fixed OO (Interest Only) 3 Years

Real Time Rating™

3.75 / 5

Advertised Rate

Comparison Rate*

2.84%

Fixed - 3 years

3.22%

No upfront or ongoing fees
Repayments will not change during fixed period

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More Flexibility

UHomeLoan Fixed OO (Interest Only) 5 Years

Real Time Rating™

3.70 / 5

Advertised Rate

Comparison Rate*

3.09%

Fixed - 5 years

3.25%

No upfront or ongoing fees
Repayments will not change during fixed period

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Major Banks

Premier Package Equity Access ($150k+)

Real Time Rating™

0.80 / 5

Advertised Rate

Comparison Rate*

4.92%

Variable

5.31%

No upfront fees
Parents can sign as guarantor
Repayments may decrease if RBA cuts rates

Generic

Standard Variable Home Loan OO with Real Reward Offer (Interest Only)

Real Time Rating™

3.89 / 5

Advertised Rate

Comparison Rate*

3.38%

Variable

3.38%

No upfront or ongoing fees
Extra repayments + redraw services
Free redraw facility
Repayments may decrease if RBA cuts rates

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Regional Australia Bank is the name of three New South Wales credit union brands that combined to form Australia’s largest inland credit union. The Regional Australia Bank, formerly Community Mutual Group, dates back to 1970 and is now responsible for managing assets worth just under $1 billion.

As a credit union, the Regional Australia Bank can reinvest its profits in the business passing benefits that include competitive rates directly to its 700,000 plus membership base. Regional Australia Bank offers a range of every day banking products in addition to insurance, credit cards and home loans.

In 2013 Regional Australia Bank won Money Magazine’s Socially Responsible Mutual of the Year Award.

Regional Australia Bank Home Loan Calculator
Interested in an Regional Australia Bank home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Regional Australia Bank compares to its competitors. Simply plug in your borrowing amount below.

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