Important disclosure

6.84
% p.a
Fixed - 5 years
5.87
% p.a
$2,090
based on $300,000 loan amount for 25 years at 6.84%
Calculate your repayments for this loan
Your estimated repayment
$2,090
based on $300,000 loan amount for 25 years at 6.84%
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Quick home loan review
For Fixed Rate Investment Loan 5 Years
These are the benefits of this home loan.
These are the drawbacks of this home loan.
- Limited extra repayments
- No redraw and no offset
- Higher than average interest rate
- Loan reverts to higher rate after fixed period
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
Home loan overview
For Fixed Rate Investment Loan 5 Years
- Details
- Features
- Fees
- Application method
Details
Maximum LVR 90% | Total Repayments $627,000 |
Interest rate type Fixed - 5 years | |
Borrowing range
$30k
-
$100m
| Suitable for Investors |
Loan term range 1 - 30 years | Principal & interest |
Interest only | Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA |
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 | Phone |
Broker | In branch |
- Cashback Refinance cashback offer of up to $3,000; min loan amount $250k; max LVR 80%; T&Cs apply.Eligible borrowers will receive: $2,000 for loans between $250,000 & $499,999 OR $3,000 for loans $500,000+ A new loan application for Basic Variable, Premium or Fixed Rate home loan must be submitted between 1 July 2022 and 30 September 2022 & settled before 30 November 2022 Minimum new loan amount is $250,000 and maximum LVR of 80%, including any capitalised fees & charges Greater than 50% of the new loan amount must be used to refinance the balance of a mortgage secured residential home or investment loan from another financial institution The new loan must be for residential owner-occupied or investment purposes only
Target Market Determination
Visit Summerland Credit Union to view Target Market Determination.
Other Benefits
Negotiation of rate for LVR > 90%
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