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- Sustainable Home Loan (Interest Only)
Sustainable Home Loan
- Owner Occupied
- Variable
- 5% min deposit
- Interest Only
Interest rate p.a.
6.89%
Comparison rate* p.a.
6.69%
Sustainable Home Loan
- Owner Occupied
- Variable
- 5% min deposit
- Interest Only
Interest rate p.a.
6.89%
Comparison rate* p.a.
6.69%
Calculate your repayments for this loan
$
Your estimated repayment
$2,871
based on 500000 loan amount for 25 years at 6.89%
Monthly Repayment
$2,871
Total interest
$1,033,500
Total payments
$1,033,500
Start date
04-2024
End date
04-2049
$1,033,500
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For Sustainable Home Loan
Benefits
- No ongoing fees
- 100% full offset account
- Suitable for low deposits
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Green home loan
- Split account option
Drawbacks
- Higher than average interest rate
- Higher than average upfront fee
- Discharge fee at end of loan
Regional Australia Bank Variable Rate Home Loan overview
For Sustainable Home Loan (Interest Only)
Details
Maximum LVR
95%
Total repayments
$1,033,500
Interest rate type
Variable
Borrowing range
$500 - $5m
Suitable for
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
Redraw fee: $0
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
Other Restrictions
Property must include types of sustainable measures ( e.g. solar panels, window glazing, etc.) from lists defined by Regional Australia Bank
