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- Home Loans
- Warwick Credit Union
- Classic Fixed Home Loan (Principal and Interest) 2 year
Classic Loan
- Owner Occupied
- Fixed 2 years
- 20% min deposit
- P&I
Interest rate p.a.
7.44%
Comparison rate* p.a.
8.05%
Classic Loan
- Owner Occupied
- Fixed 2 years
- 20% min deposit
- P&I
Interest rate p.a.
7.44%
Comparison rate* p.a.
8.05%
Calculate your repayments for this loan
$
Your estimated repayment
$3,476
based on 500000 loan amount for 25 years at 7.44%
Monthly Repayment
$3,476
Total interest
$821,837
Total payments
$1,321,837
Start date
05-2024
End date
05-2049
$1,321,837
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For Classic Loan
Benefits
- No ongoing fees
Drawbacks
- Limited extra repayments
- No redraw and no offset
- Higher than average interest rate
- Loan reverts to higher rate after fixed period
- Higher than average upfront fee
- No repayment holidays
Warwick Credit Union Fixed - 2 years Rate Home Loan overview
For Classic Fixed Home Loan (Principal and Interest) 2 year
Details
Maximum LVR
80%
Total repayments
$1,321,837
Interest rate type
Fixed - 2 years
Borrowing range
$150k - $100m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Warwick Credit Union to view Target Market Determination.
Features
Extra repayments
Allowed with restrictions
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
$600
Application fee
$600
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$0
