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- Express Credit - Line of Credit
Express Credit - Line of Credit
- Owner Occupied
- Variable
- 10% min deposit
- Interest Only
Interest rate p.a.
8.64%
Comparison rate* p.a.
Express Credit - Line of Credit
- Owner Occupied
- Variable
- 10% min deposit
- Interest Only
Interest rate p.a.
8.64%
Comparison rate* p.a.
The Mutual Bank Variable Rate Home Loan overview
For Express Credit Facility
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
90%
Total repayments
Interest rate type
Variable
Borrowing range
$10k - $100m
Suitable for
Line of Credit, Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Interest only
Applicable states
ACT, NSW, QLD, VIC
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit The Mutual Bank to view Target Market Determination.
Features
Extra repayments
Unlimited
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
$450
Application fee
$300
Legal fee
$0
Valuation fee
$0
Settlement fee
$150
Other upfront fee
$0
Ongoing fee
$10
Discharge fee
$200
Pros and Cons
For Express Credit - Line of Credit
Benefits
- 100% full offset account
Drawbacks
- No redraw facility
- Higher than average interest rate
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
