Mortgage Secured Overdraft
- Last updated on 08 Jul 2020
Smart Home Loan
special
Get one of the lowest variable interest rates on the market and pay no application or ongoing feesGet one of the lowest variable interest rates on the market
2.57%
Variable
2.59%
Smart Home Loan
4.88%
Variable
4.91%
$1,589
based on $300,000 loan amount for 25 years
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
Maximum LVR 95% | Interest rate structure Variable |
Borrowing range $5k - $5m | Total Repayments $439,200 |
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 | |
Total estimated upfront fees $400 | Application fee $0 |
Settlement fee $0 | Valuation fee $150 |
Legal fee $250 | Other upfront fee $0 |
Ongoing fee $0 | Discharge fee $250 |
Property Type | SMSF Trustee |
Minimum SMSF Amount |
Compare and review home loans with similar features
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.
