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- Home Loans
- The Capricornian
- No Frills Home Loan > $150000
No Frills Owner Occupied Home Loan
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
6.79%
Comparison rate* p.a.
6.84%
No Frills Owner Occupied Home Loan
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
6.79%
Comparison rate* p.a.
6.84%
Calculate your repayments for this loan
$
Your estimated repayment
$3,256
based on 500000 loan amount for 25 years at 6.79%
Monthly Repayment
$3,256
Total interest
$672,267
Total payments
$1,172,267
Start date
05-2024
End date
05-2049
$1,172,267
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For No Frills Owner Occupied Home Loan
Benefits
- No ongoing fees
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- No offset account
- Higher than average interest rate
- Higher than average upfront fee
- Discharge fee at end of loan
The Capricornian Variable Rate Home Loan overview
For No Frills Home Loan > $150000
Details
Maximum LVR
90%
Total repayments
$1,172,267
Interest rate type
Variable
Borrowing range
$150k - $100m
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 The Capricornian to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Reduced Application fee ($500) for loans with LVR < 80% instead of $600
Fees
Total estimated upfront fees
$500
Application fee
$500
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$150
