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Select Home Loan
- Owner Occupied
- Variable
- 30% min deposit
- P&I
Interest rate p.a.
6.14%
Comparison rate* p.a.
6.17%
Select Home Loan
- Owner Occupied
- Variable
- 30% min deposit
- P&I
Interest rate p.a.
6.14%
Comparison rate* p.a.
6.17%
Resi Mortgage Variable Rate Home Loan overview
For Select Home Loan (Principal and Interest) (New Customer) (LVR ≤ 70%)
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
70%
Total repayments
Interest rate type
Variable
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
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
$395
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$395
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$295
Pros and Cons
For Select Home Loan
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Limited extra repayments
- No offset account
- Higher than average upfront fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 70% of the property's value
- No repayment holidays
