First Home Buyer Loan Residential Investment (Interest Only)

A variable residential investment loan ideal for first time investors who have not previously purchased property. Benefit from a variable interest rate and take advantage of flexible repayment options of weekly, fortnightly or monthly. Extra repayments are allowed without penalty.

The rate is reduced if the loan-to-value ratio (LVR) is <= 70% (see rates below). LVR is the amount you are borrowing represented as a percentage of the value of the property you are buying e.g. $400,000 loan divided by $500,000 property value is 80%.

SPECIAL DISCOUNT RATE

5.69 % p.a. Interest rate 5.69 % p.a. Comparison rate

Residential investment, variable, interest only, LVR 70% or less.

Click Interest Rates below for LVR >70% loans.

Features LVR <=70% LVR > 70%
Repayment Arrangement Interest only Interest Only
Minimum amount $250,000 $250,000
Maximum amount 70% of property value. 79% of property value. 95% of property value with mortgage insurance
Loan period Up to 30 years Up to 30 years
Repayment frequency Weekly, fortnightly or monthly Weekly, fortnightly or monthly
Additional repayments accepted Yes Yes
Redraw available Yes Yes
Redraw Fee Nil Nil
Minimum redraw amount No minimum No minimum
Offset account available Yes Yes
Offset fee Nil Nil
Establishment fee Nil Nil
Monthly fee Nil Nil
Annual fee Nil Nil
Early break fee Nil Nil
Investment First Home Buyer Loan LVR Interest rate p.a. Comparison rate p.a.
Interest Only <=70% 5.69% p.a. 5.69% p.a.
Interest Only >70% 5.84% p.a. 5.84% p.a.

How much would my repayments be?

You will need to adjust the interest rate below to provide an indication of results.

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Useful information

Why choose us?

  • 1 Terms and conditions, fees & charges apply and are available on application. Approval conditions apply. The loan is secured and the rate is variable. All borrowers must be first home buyers and must have not previously purchased property in Australia.
  • 2 The comparison rate is calculated on a loan amount of $150,000 over a term of 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.