Investment Loan Plus Fixed (Principal and Interest) 1 Year
- Last updated on 02 Jun 2020
Home Value Home Loan
specialGet a low variable interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online.
Home Value Loan
Fixed - 1 year
based on $300,000 loan amount for 25 years
- 100% full offset account
- Extra repayments + redraw services
- Repayments will not change during fixed period
- Discharge fee at end of loan
- Repayments won't decrease if RBA cuts rates
Interest rate structure
Fixed - 1 year
$10k - $3.5m
Principal & interest
Loan term range
1 - 30 years
100% offset account
Unlimited extra repayments
Redraw fee: $20
Allows split interest
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Estimated upfront fees
Minimum SMSF Amount
Compare and review home loans with similar features
Auswide Bank (formerly Wide Bay Australia) was created in 1966 as Queensland-based building society, later becoming a bank. It was started with the aim of challenging the big four banks by providing low-deposit home loans.
In recent years Auswide Bank has gone on to offer an extensive range of personal finance and banking products to help everyday Australians achieve their goals and build their wealth.
As the name would suggest, Auswide Bank is widely accessible with branches and ATMs across the country. Before its relaunch, Auswide Bank was named by the People’s Choice Awards as “Best Building Society” in 2014.
Auswide home loan calculator
Interested in an Auswide home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Auswide compares to its competitors. Simply plug in your borrowing amount below.
A loan-to-value ratio (otherwise known as a Loan to Valuation Ratio or LVR), is a calculation lenders make to work out the value of your loan versus the value of your property, expressed as a percentage. Lenders use this calculation to help assess your suitability for a home loan, and whether you need to pay lender’s mortgage insurance (LMI). As a general rule, most banks will require you to pay LMI if your loan-to-value ratio is 80 per cent or more. LVR is worked out by dividing the loan amount by the value of the property. If you are looking for a quick ball-park estimate of LVR, the size of your deposit is a good indicator as it is directly proportionate to your LVR. For instance, a loan with an LVR of 80 per cent requires a deposit of 20 per cent, while a 90 per cent LVR requires 10 per cent down payment.
LOAN AMOUNT / PROPERTY VALUE = LVR%
While this all sounds simple enough, it is worth doing a more accurate calculation of LVR before you commit to buying a place as there are some traps to be aware of. Firstly, the ‘loan amount’ is the price you paid for the property plus additional costs such as stamp duty and legal fees, minus your deposit amount. Secondly, the ‘property value’ is determined by your lender’s valuation of the property, not the price you paid for it, and sometimes these can differ so where possible, try and get your bank to evaluate the property before you put in an offer.