Warwick Credit Union Classic Standard Variable Investment Loan (Interest Only) | Review & Compare Home Loans

Classic Loan

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Advertised Rate

4.50

% p.a

Variable

Comparison Rate*

4.54

% p.a

Maximum LVR

80%

Real Time Rating™

Monthly Repayment

$1,668

based on $300,000 loan amount for 25 years at 4.50%

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Summary
Features & fees
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Advertised Rate

4.50

% p.a

Variable

Comparison Rate*

4.54

% p.a

Maximum LVR

80%

Real Time Rating™

Monthly Repayment

$1,668

based on $300,000 loan amount for 25 years at 4.50%

Calculate your repayments for this loan

Your estimated repayment

$1,668

based on $300,000 loan amount for 25 years at 4.50%

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TMD

Monthly Repayment

$1,147

based on $300,000 loan amount for 25 years at 1.85%

Advertised Rate

1.85

% p.a

Intro 24 months

Comparison Rate*

2.21

% p.a

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

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More Features

Monthly Repayment

$1,092

based on $300,000 loan amount for 25 years at 1.89%

Advertised Rate

1.89

% p.a

Variable

Comparison Rate*

1.89

% p.a

Interest rates ranked in the best 20%
No upfront or ongoing fees
100% full offset account
Extra repayments and redraw facility

Real Time Rating™

More Features

Monthly Repayment

$1,107

based on $300,000 loan amount for 25 years at 1.99%

Advertised Rate

1.99

% p.a

Variable

Comparison Rate*

2.02

% p.a

special

Yard’s low-rate variable special home loan ~ Ends in 2 months

Real Time Rating™

More Features

Quick home loan review

For Classic Standard Variable Investment Loan (Interest Only)

These are the benefits of this home loan.

No ongoing fees
100% full offset account
Redraw facility available
Extra repayments and redraw facility

These are the drawbacks of this home loan.

Higher than average interest rate
Higher than average upfront fee
No repayment holidays

Home loan overview

For Classic Standard Variable Investment Loan (Interest Only)

TMD

Details
Features
Fees
Application method

Details

Maximum LVR 80%	Total Repayments $337,500 View repayment schedule »
Next LVR	Interest rate type Variable
Borrowing range $150k - $100m Calculate how much you can borrow	Suitable for Investors
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 100% offset account
Redraw facility Redraw fee: $20	Split interest facility
Loan portable	Repayment holiday available
Allow guarantors	Available for first home buyers

Fees

Total estimated upfront fees 600	Application fee 600
Legal fee $0	Valuation fee $0
Settlement fee 0	Other upfront fee 0
Ongoing fee $0	Discharge fee 0

Application method

Online	Phone
Broker	In branch

Target Market Determination

Visit Warwick Credit Union to view Target Market Determination.

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2.44

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% p.a

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FAQs

The range you can borrow from this loan is $150k to $99,999,999.

This loan option comes with a maximum loan-to-value ratio of 80 percent, which means it requires a minimum deposit of 20 percent

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

Warwick 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 $600 worth of upfront fees.

Yes, this loan comes with a redraw, charged at $20 if you need to use it.

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

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