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- Your Way Fixed Home Loan (Principal and Interest) 1 Year
Your Way Fixed Home Loan
- Owner Occupied
- Fixed 1 year
- 10% min deposit
- P&I
Interest rate p.a.
6.54%
Comparison rate* p.a.
6.33%
Your Way Fixed Home Loan
- Owner Occupied
- Fixed 1 year
- 10% min deposit
- P&I
Interest rate p.a.
6.54%
Comparison rate* p.a.
6.33%
Calculate your repayments for this loan
$
Your estimated repayment
$3,174
based on 500000 loan amount for 25 years at 6.54%
Monthly Repayment
$3,174
Total interest
$734,569
Total payments
$1,234,569
Start date
05-2024
End date
05-2049
$1,234,569
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For Your Way Fixed Home Loan
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Parents can sign as guarantor
- Split account option
Drawbacks
- No extra repayments
- No redraw and no offset
- Loan reverts to higher rate after fixed period
- Higher than average upfront fee
- Discharge fee at end of loan
Teachers Mutual Bank Fixed - 1 year Rate Home Loan overview
For Your Way Fixed Home Loan (Principal and Interest) 1 Year
Details
Maximum LVR
90%
Total repayments
$1,234,569
Interest rate type
Fixed - 1 year
Borrowing range
$150k - $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 Teachers Mutual Bank Limited to view Target Market Determination.
Features
Extra repayments
Not Allowed
Redraw facility
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$1.1k
Application fee
$600
Legal fee
$0
Valuation fee
$0
Settlement fee
$250
Other upfront fee
$250
Ongoing fee
$0
Discharge fee
$210
Other Restrictions
LVR >95% Only Available for First Home Loan Deposit Scheme
