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

Mortgage Overdraft

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Interest Rate

4.97

% p.a

Variable

Comparison Rate*

5.00

% p.a

Maximum LVR

95%

Real Time Rating™

Monthly Repayment

$1,243

based on $300,000 loan amount for 25 years at 4.97%

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Summary
Features & fees
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Interest Rate

4.97

% p.a

Variable

Comparison Rate*

5.00

% p.a

Maximum LVR

95%

Real Time Rating™

Monthly Repayment

$1,243

based on $300,000 loan amount for 25 years at 4.97%

Calculate your repayments for this loan

Your estimated repayment

$1,243

based on $300,000 loan amount for 25 years at 4.97%

Here are some similar home loans that you may be interested in

TMD

Monthly Repayment

$1,407

based on $300,000 loan amount for 25 years at 2.9%

Interest Rate

2.90

% p.a

Variable

Comparison Rate*

2.96

% p.a

Interest rates ranked in the best 20%
No ongoing fees
Redraw facility available
Parents can sign as guarantor

Real Time Rating™

More Features

Monthly Repayment

$1,367

based on $300,000 loan amount for 25 years at 2.64%

Interest Rate

2.64

% p.a

Variable

Comparison Rate*

2.56

% p.a

special

Receive an extra 0.01% p.a. discount every year, up to a maximum discount of 0.30% p.a.

Real Time Rating™

More Features

Monthly Repayment

$1,423

based on $300,000 loan amount for 25 years at 3%

Interest Rate

2.60

% p.a

Intro 24 months

Comparison Rate*

2.96

% p.a

Interest rates ranked in the best 20%
No ongoing fees
Extra repayments and redraw facility
Free redraw facility

Real Time Rating™

More Features

Quick home loan review

For Mortgage Secured Overdraft

These are the benefits of this home loan.

No ongoing fees
Suitable for low deposits
Parents can sign as guarantor

These are the drawbacks of this home loan.

No redraw and no offset
Higher than average interest rate
Higher than average upfront fee
Discharge fee at end of loan
No repayment holidays

Home loan overview

For Mortgage Secured Overdraft

TMD

Details
Features
Fees
Application method

Details

Maximum LVR 95%	Total Repayments $372,900 View repayment schedule »
Next LVR	Interest rate type Variable
Borrowing range $5k - $5m Calculate how much you can borrow	Suitable for Line of Credit, Owner Occupiers
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	Offset account No
Redraw facility	Split interest facility
Loan portable	Repayment holiday available
Allow guarantors	Available for first home buyers

Fees

Total estimated upfront fees 400	Application fee 0
Legal fee $250	Valuation fee $150
Settlement fee 0	Other upfront fee 0
Ongoing fee $0	Discharge fee 250

Application method

Online Compare	Phone
Broker	In branch

Available

Not available

Data not captured

Target Market Determination

Visit Regional Australia Bank to view Target Market Determination.

Checkout more home loans

Interest Rate

2.94

% p.a

Variable

Comparison Rate*

2.74

% p.a

Interest rates ranked in the best 20%
No upfront or ongoing fees
100% full offset account
Extra repayments and redraw facility

Real Time Rating™

Interest Rate

3.04

% p.a

Variable

Comparison Rate*

2.84

% p.a

Interest rates ranked in the best 20%
No upfront or ongoing fees
100% full offset account
Extra repayments and redraw facility

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Interest Rate

4.49

% p.a

Variable

Comparison Rate*

4.16

% p.a

Rewards

Earn 300,000 Qantas Points for eligible home loans over $300k ~ Ends in about 1 month

Real Time Rating™

Interest Rate

2.44

% p.a

Variable

Comparison Rate*

2.49

% p.a

Interest rates ranked in the best 20%
No ongoing fees
100% full offset account
Extra repayments and redraw facility

Real Time Rating™

Product data updated on 6 Jul 2022

FAQs

The range you can borrow from this loan is $5k to $5,000,000.

This loan option comes with a maximum loan-to-value ratio of 95 percent, which means it requires a minimum deposit of 5 percent

Regional Australia Bank allows you to have this loan for a range of 1 to 30 years.

Regional Australia Bank allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

While it could change based on your circumstances, RateCity estimates that this loan option comes with $400 worth of upfront fees.

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

Regional Australia Bank makes it possible to apply for this product online. Apply here.

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