Summerland Credit Union Fixed Rate Investment Loan 5 Years | Review & Compare Home Loans

Fixed rate

Interest Rate

6.84

% p.a

Fixed - 5 years

Comparison Rate*

5.87

% p.a

Maximum LVR

90%

Real Time Rating™

Monthly Repayment

$2,090

based on $300,000 loan amount for 25 years at 6.84%

Interest Rate

6.84

% p.a

Fixed - 5 years

Comparison Rate*

5.87

% p.a

Maximum LVR

90%

Real Time Rating™

Monthly Repayment

$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%

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

Monthly Repayment

$1,438

based on $300,000 loan amount for 25 years at 3.1%

Interest Rate

3.10

% p.a

Variable

Comparison Rate*

3.12

% 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

$1,524

based on $300,000 loan amount for 25 years at 3.64%

Interest Rate

3.64

% p.a

Variable

Comparison Rate*

3.66

% p.a

Interest rates ranked in the best 20%
Extra repayments and redraw facility
Free redraw facility

Real Time Rating™

More Features

Monthly Repayment

$1,549

based on $300,000 loan amount for 25 years at 3.79%

Interest Rate

3.79

% p.a

Variable

Comparison Rate*

3.79

% 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 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 View repayment schedule »
Next LVR	Interest rate type Fixed - 5 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

Specials

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%

Checkout more home loans

Interest Rate

6.29

% p.a

Fixed - 5 years

Comparison Rate*

4.69

% p.a

No ongoing fees
Extra repayments and redraw facility
Free redraw facility
Split account option

Real Time Rating™

Interest Rate

5.79

% p.a

Fixed - 5 years

Comparison Rate*

5.00

% p.a

No ongoing fees
Split account option

Real Time Rating™

Interest Rate

6.54

% p.a

Fixed - 5 years

Comparison Rate*

5.97

% p.a

Rewards

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

Real Time Rating™

Interest Rate

5.69

% p.a

Fixed - 5 years

Comparison Rate*

4.90

% p.a

Cashback

Get up to $4,000 cashback when you refinance ~ Ends in about 1 month

Real Time Rating™

Product data updated on 17 Aug 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 90 percent, which means it requires a minimum deposit of 10 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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