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Sydney Mutual Bank

Fixed Rate Home Loan

Advertised Rate

2.64

% p.a

Fixed - 5 years

Comparison Rate*

2.70

% p.a

Maximum LVR
95%
Real Time Rating™

2.91

/ 5
Monthly Repayment

$1,367

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

Advertised Rate

2.64

% p.a

Fixed - 5 years

Comparison Rate*

2.70

% p.a

Maximum LVR
95%
Real Time Rating™

2.91

/ 5
Monthly Repayment

$1,367

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

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,367

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

Quick home loan review

For Fixed Rate Home Loan 5 Years

These are the benefits of this home loan.

  • Lower than average interest rate
  • No ongoing fees
  • Suitable for low deposits
  • Extra repayments and redraw facility
  • Free redraw facility

These are the drawbacks of this home loan.

  • Limited extra repayments
  • No offset account
  • Loan reverts to higher rate after fixed period
  • Not available for first home buyers
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Fixed Rate Home Loan 5 Years

TMD

Details

Maximum LVR

95%

Total Repayments

Next LVR

Interest rate type

Fixed - 5 years

Borrowing range

Suitable for

Owner Occupiers

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 $20000

Redraw facility

Redraw fee: $0

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

786

Application fee

250

Valuation fee

$250

Settlement fee

0

Other upfront fee

0

Ongoing fee

$0

Discharge fee

180

Application method

Online

Phone

In branch

Target Market Determination

Visit Sydney Mutual Bank to view Target Market Determination.

Other Benefits

No annual fee on SCU credit card (optional), no approval fees on personal and car loans, free first appointment with financial planner

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $20k to $10,000,000.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 95 percent, which means it requires a minimum deposit of 5 percent

What's the maximum length for this loan?

Sydney Mutual Bank allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Sydney Mutual Bank 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 $786 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?

Sydney Mutual Bank makes it possible to apply for this product online. Apply here.

Can a broker help me with this loan?

Yes, this Sydney Mutual Bank loan is available through a broker. Find a broker to help you with your needs.