Prime Investment Loan - Flex (Principal and Interest) (LVR 80%-90%) ($500k-$2m)
- Last updated on 12 Aug 2020
Discounted Variable Rate (OO P&I)
Make the move to UBank's award winning home loan
2.49%
Variable
2.49%
Discounted Variable Rate (Owner Occupied Principal & Interest)
3.43%
Variable
3.77%
$1,335
based on $300,000 loan amount for 25 years
Pros
- 100% full offset account
- Extra repayments + redraw services
- Free redraw facility
- Repayments may decrease if RBA cuts rates
Cons
- Annual fee charged
- Discharge fee at end of loan
- Repayments may increase if RBA raises rates
Maximum LVR 90% | Interest rate structure Variable |
Borrowing range $500k - $2m | Total Repayments $480,600 |
Principal & interest | Interest only |
Loan term range 15 - 30 years | Offset account 100% offset account |
Extra repayments Unlimited extra repayments | Redraw facility Redraw fee: $0 |
Allows split interest | Suitable For Investors |
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA | |
Total estimated upfront fees $330 | Application fee $0 |
Settlement fee $0 | Valuation fee $330 |
Legal fee $0 | Other upfront fee $0 |
Ongoing fee $299 annually | Discharge fee $300 |
Property Type | SMSF Trustee |
Minimum SMSF Amount |
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Resimac is a non-bank lender that’s been operating since 1985. In 2016, the business merged with specialised Australian mortgage provider, Homeloans.com.au.
Resimac is an ASX-listed lender that focuses on providing a broad range of home loans, an exclusive customer benefits program, and a network of over 12,000 broker partners.
Resimac doesn’t have traditional branches, but has a number of satellite sales offices nationwide. Resimac is also a Carbon Conscious lender and plants a tree for every settled home loan.
