Important disclosure
Interest Only Variable Home Loan
Interest Rate
7.69%
p.a
Comparison Rate*
7.78%
p.a
7.69%
p.a
7.78%
p.a
$0
based on $500,000 loan amount for 25 years at 7.69%
Interest Only Variable Home Loan
Find your ideal home loan from one of the 1 home loans from Transport Mutual Credit Union
Principal and 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 | |
|---|---|---|---|---|
Variable | Up to 95% | 7.69% p.a. | 7.78% p.a. | Product Info |
Transport Mutual Credit Union Variable Rate Home loan overview
For Interest Only Variable Investment Loan
Details
Maximum LVR 95% | Total Repayments |
Interest rate type Variable | Borrowing range
$100k
-
$5m
|
Suitable for Investors | Loan term range 1 - 30 years |
Repayment type Interest only | Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA |
Target Market Determination Visit Transport Mutual Credit Union Limited 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 |
Fees
Total estimated upfront fees $755 | Application fee $395 |
Legal fee $360 | Valuation fee $0 |
Settlement fee $0 | Other upfront fee $0 |
Ongoing fee $0 | Discharge fee $0 |
Pros and cons
For Interest Only Variable Investment Loan
Benefits
- No ongoing fees
- Suitable for low deposits
- Extra repayments and redraw facility
- Free redraw facility
Drawbacks
- Higher than average interest rate
- Higher than average upfront fee
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Australian Credit Licence 443249Fees & charges apply
FAQs
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