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- Ultra Low Rate (Variable) - <95% LVR - No LMI (New Purchases)
Ultra Low Rate (Variable) - <98% LVR - No LMI (New Purchases)
- 2024 Award Winner
- Special
- Owner Occupied
- Variable
- 2% min deposit
- P&I
No LMI for up to 95% LVR Owner Occupier Purchases in Metro Capital Cities!
Interest rate p.a.
6.30%
Comparison rate* p.a.
6.63%
Ultra Low Rate (Variable) - <98% LVR - No LMI (New Purchases)
- 2024 Award Winner
- Special
- Owner Occupied
- Variable
- 2% min deposit
- P&I
Interest rate p.a.
6.30%
Comparison rate* p.a.
6.63%
Sucasa Variable Rate Home Loan overview
For Ultra Low Rate (Variable) - <98% LVR - No LMI (New Purchases)
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
98%
Total repayments
Interest rate type
Variable
Borrowing range
$50k - $2.5m
Suitable for
Owner Occupiers
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 Sucasa 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
$791
Application fee
$0
Legal fee
$0
Valuation fee
$396
Settlement fee
$395
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$795
Other Restrictions
For purchases up to $2.1m with a Sucasa Primary and Ultra Low-Rate Accelerator Variable Home Loan
RateCity says
"Eligible borrowers who have struggled to save a deposit may be able to enjoy a competitive interest rate without needing LMI or a guarantor."
Pros and Cons
For Ultra Low Rate (Variable) - <98% LVR - No LMI (New Purchases)
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Suitable for low deposits
- Extra repayments and redraw facility
- Free redraw facility
- Winner of Best New Lender Home Loan, RateCity Gold Awards 2024
Drawbacks
- No offset account
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
How to apply
If you'd like to apply for this product or just get more information, follow the application process on Sucasa.More details