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- Home Loans
- Regional Australia Bank
- Mortgage Secured 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.
Calculate your repayments for this loan
$
Your estimated repayment
$3,571
based on 500000 loan amount for 25 years at 8.57%
Monthly Repayment
$3,571
Total interest
$1,285,500
Total payments
$1,285,500
Start date
05-2024
End date
05-2049
$1,285,500
025 years
Principal owed
Total repayments owed
Interest owed
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
Regional Australia Bank Variable Rate Home Loan overview
For Mortgage Secured Overdraft
Details
Maximum LVR
95%
Total repayments
$1,285,500
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
