Interest Only Variable Home Loan
- Last updated on 05 Jul 2020
Smart Home Loan
specialGet one of the lowest variable interest rates on the market and pay no application or ongoing fees
Get one of the lowest variable interest rates on the market
Smart Home Loan
based on $300,000 loan amount for 25 years
- No ongoing fees
- Suitable for low deposits
- Extra repayments + redraw services
- Free redraw facility
- Repayments may increase if RBA raises rates
Interest rate structure
$100k - $5m
Principal & interest
Loan term range
1 - 30 years
Unlimited extra repayments
Redraw fee: $0
Allows split interest
Investors, Owner Occupiers
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Total estimated upfront fees
Other upfront fee
Minimum SMSF Amount
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It is based in Sydney and provides financial products and services including home and personal loans, savings accounts and term deposits, superannuation and insurance. It also offers financial services ranging from investment and general advice to financial planning services.
Transport Mutual Credit Union Home Loan Calculator
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Home loans spanning 40 years are offered by select lenders, though the loan period is much longer than a standard 30-year home loan. You're more likely to find a maximum of 35 years, such as is the case with Teacher’s Mutual Bank.
Even though these lengthier loans 35 to 40 year loans do exist on the market, they are not overwhelmingly popular, as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.