Summerland Credit Union Fixed Rate Investment Loan (New Customer) 2 Years (LVR < 60%) | Review & Compare Home Loans

Fixed rate

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Interest Rate

4.34

% p.a

Fixed - 2 years

Comparison Rate*

4.39

% p.a

Maximum LVR

60%

Real Time Rating™

Monthly Repayment

$1,640

based on $300,000 loan amount for 25 years at 4.34%

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Summary
Features & fees
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Interest Rate

4.34

% p.a

Fixed - 2 years

Comparison Rate*

4.39

% p.a

Maximum LVR

60%

Real Time Rating™

Monthly Repayment

$1,640

based on $300,000 loan amount for 25 years at 4.34%

Calculate your repayments for this loan

Your estimated repayment

$1,640

based on $300,000 loan amount for 25 years at 4.34%

Based on your details, you can compare and save on the following home loans

TMD

Monthly Repayment

$1,367

based on $300,000 loan amount for 25 years at 2.64%

Interest Rate

2.64

% p.a

Variable

Comparison Rate*

2.56

% p.a

special

Receive an extra 0.01% p.a. discount every year, up to a maximum discount of 0.30% p.a.

Real Time Rating™

More Features

Monthly Repayment

$1,423

based on $300,000 loan amount for 25 years at 3%

Interest Rate

2.60

% p.a

Intro 24 months

Comparison Rate*

2.96

% p.a

Interest rates ranked in the best 20%
No ongoing fees
Extra repayments and redraw facility
Free redraw facility

Real Time Rating™

More Features

Monthly Repayment

$1,367

based on $300,000 loan amount for 25 years at 2.64%

Interest Rate

2.64

% p.a

Variable

Comparison Rate*

2.66

% p.a

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

Real Time Rating™

More Features

Quick home loan review

For Fixed Rate Investment Loan (New Customer) 2 Years (LVR < 60%)

These are the benefits of this home loan.

Interest rates ranked in the best 20%

These are the drawbacks of this home loan.

Limited extra repayments
No redraw and no offset
Loan reverts to higher rate after fixed period
Ongoing fee
Higher than average upfront fee
Discharge fee at end of loan
Maximum loan amount is limited to 60% of the property's value
No repayment holidays

Home loan overview

For Fixed Rate Investment Loan (New Customer) 2 Years (LVR < 60%)

TMD

Details
Features
Fees
Application method

Details

Maximum LVR 60%	Total Repayments $492,000 View repayment schedule »
Next LVR 4.64% for max LVR 80%	Interest rate type Fixed - 2 years
Borrowing range $30k - $100m Calculate how much you can borrow	Suitable for Investors
Loan term range 1 - 30 years	Principal & interest
Interest only	Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make repayments Fortnightly, Monthly, Weekly

Features

Extra repayments Yes - limited to $10000	Offset account No
Redraw facility	Split interest facility
Loan portable	Repayment holiday available
Allow guarantors	Available for first home buyers

Fees

Total estimated upfront fees 800	Application fee 800
Legal fee $0	Valuation fee $0
Settlement fee 0	Other upfront fee 0
Ongoing fee $8 monthly	Discharge fee 250

Application method

Online Compare	Phone
Broker	In branch

Available

Not available

Data not captured

Target Market Determination

Visit Summerland Credit Union to view Target Market Determination.

Other Benefits

Negotiation of rate for LVR > 90%

Checkout more home loans

Interest Rate

5.09

% p.a

Fixed - 2 years

Comparison Rate*

4.83

% p.a

Cashback

Refinance and get up to $3,000 cashback. $2,000 cashback on loans ≥$250K; bonus $1,000 cashback on loans ≥$500K. LVR ≤90%. Limited time offers extended. T&Cs apply. ~ Ends in 3 months

Real Time Rating™

Interest Rate

5.19

% p.a

Fixed - 2 years

Comparison Rate*

5.08

% p.a

Cashback

Refinance and get up to $3,000 cashback. $2,000 cashback on loans ≥$250K; bonus $1,000 cashback on loans ≥$500K. LVR ≤90%. Limited time offers extended. T&Cs apply. ~ Ends in 3 months

Real Time Rating™

Interest Rate

5.74

% p.a

Fixed - 2 years

Comparison Rate*

4.77

% p.a

Rewards

Earn 300,000 Qantas Points for eligible home loans over $300k ~ Ends in about 2 months

Real Time Rating™

Interest Rate

4.64

% p.a

Fixed - 2 years

Comparison Rate*

3.27

% p.a

Interest rates ranked in the best 20%
No ongoing fees
Split account option

Real Time Rating™

Product data updated on 1 Jul 2022

FAQs

The range you can borrow from this loan is $30k to $99,999,999.

This loan option comes with a maximum loan-to-value ratio of 60 percent, which means it requires a minimum deposit of 40 percent

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

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

While it could change based on your circumstances, RateCity estimates that this loan option comes with $800 worth of upfront fees.

No, this loan doesn't come with a redraw facility.

To apply for this loan, please contact Summerland Credit Union.

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