Transport Mutual Credit Union 2 Year Fixed Home Loan (Interest Only) | Review & Compare Home Loans

Fixed Home Loan

Interest Rate

6.04

% p.a

Fixed - 2 years

Comparison Rate*

6.28

% p.a

Maximum LVR

95%

Real Time Rating™

Monthly Repayment

$1,510

based on $300,000 loan amount for 25 years at 6.04%

Interest Rate

6.04

% p.a

Fixed - 2 years

Comparison Rate*

6.28

% p.a

Maximum LVR

95%

Real Time Rating™

Monthly Repayment

$1,510

based on $300,000 loan amount for 25 years at 6.04%

Calculate your repayments for this loan

Your estimated repayment

$1,510

based on $300,000 loan amount for 25 years at 6.04%

Here are some similar home loans that you may be interested in

Monthly Repayment

$1,438

based on $300,000 loan amount for 25 years at 3.1%

Interest Rate

3.10

% p.a

Variable

Comparison Rate*

3.12

% p.a

Interest rates ranked in the best 20%
No ongoing fees
Extra repayments and redraw facility
Free redraw facility

Real Time Rating™

More Features

Monthly Repayment

$1,437

based on $300,000 loan amount for 25 years at 3.09%

Interest Rate

3.09

% p.a

Variable

Comparison Rate*

3.00

% p.a

Cashback

$5,000 cashback + up to $2,500 bonus payment for refinance application submitted between 1 May 2022 and 31 August 2022 and settle on or before 31 October 2022 ~ Ends in 17 days

Real Time Rating™

More Features

Monthly Repayment

$1,524

based on $300,000 loan amount for 25 years at 3.64%

Interest Rate

3.64

% p.a

Variable

Comparison Rate*

3.66

% p.a

Interest rates ranked in the best 20%
Extra repayments and redraw facility
Free redraw facility

Real Time Rating™

More Features

Quick home loan review

For 2 Year Fixed Home Loan (Interest Only)

These are the benefits of this home loan.

No ongoing fees
Suitable for low deposits
Extra repayments and redraw facility
Free redraw facility

These are the drawbacks of this home loan.

Higher than average interest rate
Loan reverts to higher rate after fixed period
Higher than average upfront fee
No repayment holidays

Home loan overview

For 2 Year Fixed Home Loan (Interest Only)

Details
Features
Fees
Application method

Details

Maximum LVR 95%	Total Repayments $453,000 View repayment schedule »
Next LVR	Interest rate type Fixed - 2 years
Borrowing range $100k - $5m Calculate how much you can borrow	Suitable for Owner Occupiers
Loan term range 1 - 30 years	Principal & interest
Interest only	Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make repayments Fortnightly, Monthly, Weekly

Features

Extra repayments Unlimited extra repayments	Offset account Partial offset account
Redraw facility Redraw fee: $0	Split interest facility
Loan portable	Repayment holiday available
Allow guarantors	Available for first home buyers

Fees

Total estimated upfront fees 375	Application fee 375
Legal fee At Cost	Valuation fee At Cost
Settlement fee 0	Other upfront fee 0
Ongoing fee $0	Discharge fee 0

Application method

Online Compare	Phone
Broker	In branch

Available

Not available

Data not captured

Target Market Determination

Visit Transport Mutual Credit Union to view Target Market Determination.

Checkout more home loans

Interest Rate

5.69

% p.a

Fixed - 2 years

Comparison Rate*

3.71

% p.a

No ongoing fees
100% full offset account
Suitable for low deposits
Parents can sign as guarantor

Real Time Rating™

Interest Rate

4.89

% p.a

Fixed - 2 years

Comparison Rate*

4.98

% p.a

Interest rates ranked in the best 20%
No ongoing fees
Suitable for low deposits

Real Time Rating™

Interest Rate

6.59

% p.a

Fixed - 2 years

Comparison Rate*

6.50

% p.a

Parents can sign as guarantor
Split account option

Real Time Rating™

Interest Rate

6.34

% p.a

Fixed - 2 years

Comparison Rate*

4.19

% p.a

No ongoing fees
100% full offset account
Suitable for low deposits
Redraw facility available

Real Time Rating™

Product data updated on 14 Aug 2022

FAQs

The range you can borrow from this loan is $100k to $5,000,000.

This loan option comes with a maximum loan-to-value ratio of 95 percent, which means it requires a minimum deposit of 5 percent

Transport Mutual Credit Union allows you to have this loan for a range of 1 to 30 years.

Transport Mutual Credit Union allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

While it could change based on your circumstances, RateCity estimates that this loan option comes with $375 worth of upfront fees.

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

Transport Mutual Credit Union makes it possible to apply for this product online. Apply here.

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