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- Select Fixed Home Loan 1 Year (Principal and Interest) (New Customer) (LVR ≤ 80%)
Select Fixed Home Loan
- Owner Occupied
- Fixed 1 year
- 20% min deposit
- P&I
Interest rate p.a.
6.29%
Comparison rate* p.a.
6.22%
Select Fixed Home Loan
- Owner Occupied
- Fixed 1 year
- 20% min deposit
- P&I
Interest rate p.a.
6.29%
Comparison rate* p.a.
6.22%
Calculate your repayments for this loan
$
Your estimated repayment
$3,092
based on 500000 loan amount for 25 years at 6.29%
Monthly Repayment
$3,092
Total interest
$601,265
Total payments
$1,100,538
Start date
05-2024
End date
05-2049
$1,100,538
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For Select Fixed Home Loan
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Split account option
Drawbacks
- Limited extra repayments
- No redraw and no offset
- Loan reverts to higher rate after fixed period
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
Resi Mortgage Fixed - 1 year Rate Home Loan overview
For Select Fixed Home Loan 1 Year (Principal and Interest) (New Customer) (LVR ≤ 80%)
Details
Maximum LVR
80%
Total repayments
$1,100,538
Interest rate type
Fixed - 1 year
Borrowing range
$20k - $10m
Suitable for
Owner Occupiers
Loan term range
25 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Resi Mortgage to view Target Market Determination.
Features
Extra repayments
Allowed with restrictions
Redraw facility
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Reverts to best rate of the day
Fees
Total estimated upfront fees
$395
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$395
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$295
Other Restrictions
No redraw during fixed term.
