Woolworths Team Bank Flexible Variable Investment Loan (Interest Only) (LVR < 70%) | Review & Compare Home Loans

Flexible Variable Home Loan

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Interest Rate

3.65

% p.a

Variable

Comparison Rate*

4.03

% p.a

Maximum LVR

70%

Real Time Rating™

Monthly Repayment

$913

based on $300,000 loan amount for 25 years at 3.65%

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Summary
Features & fees
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Interest Rate

3.65

% p.a

Variable

Comparison Rate*

4.03

% p.a

Maximum LVR

70%

Real Time Rating™

Monthly Repayment

$913

based on $300,000 loan amount for 25 years at 3.65%

Calculate your repayments for this loan

Your estimated repayment

$913

based on $300,000 loan amount for 25 years at 3.65%

Based on your details, you can compare and save on the following home loans

TMD

Monthly Repayment

$1,415

based on $300,000 loan amount for 25 years at 2.95%

Interest Rate

2.95

% p.a

Variable

Comparison Rate*

2.96

% p.a

Cashback

Receive up to $4,000 cash when you take out an eligible Suncorp Bank home loan. Receive either $3K by taking out a Suncorp Bank home loan of $750K+ or $4K by taking out a Suncorp Bank home loan of $1m+ with LVR ≤90%. Apply by 30 November 2022, settle by 28 February 2023. Unless withdrawn prior. T&Cs & eligibility criteria apply. ~ Ends in 5 months

Real Time Rating™

More Features

Monthly Repayment

$1,337

based on $300,000 loan amount for 25 years at 2.44%

Interest Rate

2.44

% p.a

Variable

Comparison Rate*

2.49

% p.a

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

Real Time Rating™

More Features

Monthly Repayment

$1,366

based on $300,000 loan amount for 25 years at 2.63%

Interest Rate

2.63

% p.a

Variable

Comparison Rate*

3.05

% p.a

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

Real Time Rating™

More Features

Quick home loan review

For Flexible Variable Investment Loan (Interest Only) (LVR < 70%)

These are the benefits of this home loan.

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

These are the drawbacks of this home loan.

No offset account
Not available for first home buyers
Ongoing fee
Higher than average upfront fee
Discharge fee at end of loan
Maximum loan amount is limited to 70% of the property's value
No repayment holidays

Home loan overview

For Flexible Variable Investment Loan (Interest Only) (LVR < 70%)

TMD

Details
Features
Fees
Application method

Details

Maximum LVR 70%	Total Repayments $273,900 View repayment schedule »
Next LVR 4.39% for max LVR 90%	Interest rate type Variable
Borrowing range $100k - $5m 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 No
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 275	Application fee 0
Legal fee $0	Valuation fee $0
Settlement fee 275	Other upfront fee 0
Ongoing fee $299 annually	Discharge fee 550

Application method

Online Compare	Phone
Broker	In branch

Available

Not available

Data not captured

Target Market Determination

Visit Woolworths Team Bank to view Target Market Determination.

Checkout more home loans

Interest Rate

3.19

% p.a

Variable

Comparison Rate*

2.99

% 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™

Interest Rate

4.59

% p.a

Variable

Comparison Rate*

4.80

% p.a

Interest rates ranked in the best 20%
No ongoing fees
100% full offset account
Parents can sign as guarantor

Real Time Rating™

Interest Rate

4.59

% p.a

Variable

Comparison Rate*

4.44

% p.a

Rewards

Earn 300,000 Qantas Points for eligible home loans over $300k ~ Ends in about 2 months

Real Time Rating™

Interest Rate

3.09

% p.a

Variable

Comparison Rate*

2.89

% 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™

Product data updated on 30 Jun 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 70 percent, which means it requires a minimum deposit of 30 percent

Woolworths Team Bank allows you to have this loan for a range of 1 to 30 years.

Woolworths Team Bank 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 $275 worth of upfront fees.

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

Woolworths Team Bank makes it possible to apply for this product online. Apply here.

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