Important disclosure

South West Slopes Credit Union

Optimum Fixed Rate Investment Loan

  • Investor
  • Fixed undefined year
  • 20% min deposit
  • P&I
Interest Rate

5.69%

p.a

Comparison Rate*

6.34%

p.a

Real Time Rating™
Tags
  • Investor
  • Fixed undefined year
  • 20% min deposit
  • P&I
Interest Rate

5.69%

p.a

Comparison Rate*

6.34%

p.a

Monthly Repayment

$3,127

based on $500,000 loan amount for 25 years at 5.69%

Calculate your repayments for this loan

$

Your estimated repayment

$3,127

based on $500,000 loan amount for 25 years at 5.69%

Pros and cons

For Optimum Investor Fixed Rate Loan (Principal and Interest) 3 Years

Benefits

  • Interest rates ranked in the best 20%
  • No upfront or ongoing fees
  • 100% full offset account
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

Drawbacks

  • Limited extra repayments
  • Loan reverts to higher rate after fixed period
  • No repayment holidays

South West Slopes Credit Union Fixed - 3 years Rate Home loan overview

For Optimum Investor Fixed Rate Loan (Principal and Interest) 3 Years

Details

Maximum LVR

80%

Total Repayments

Interest rate type

Fixed - 3 years

Borrowing range

Suitable for

Investors

Loan term range

1 - 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 South West Slopes Credit Union to view Target Market Determination.

Features

Extra repayments

Yes - limited to $20000 per year

Redraw facility

Redraw fee: $0

Split interest facility

Loan portability

Repayment holiday available

Allow guarantors

Available for first home buyers

Other benefits

Fees

Total estimated upfront fees

$0

Application fee

$0

Valuation fee

$0

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$0

Discharge fee

$0

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $50k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 80 percent, which means it requires a minimum deposit of 20 percent

What's the maximum length for this loan?

South West Slopes Credit Union allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

South West Slopes Credit Union allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $0 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

Where can you apply for this loan?

South West Slopes Credit Union makes it possible to apply for this product online. Apply here.