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Horizon Bank App Upgrade News: If your phone is set up to auto update you will see the new app, if not, try installing the new app from your app store. Contact your local branch if you need help.
Get the peace of mind that comes from knowing that your rate and payment remain the same for a fixed period of time
Interest Only Home Loans |
|
|---|---|
| Repayment Arrangement : | Interest Only |
| Minimum loan amount : | $50,000 |
| Maximum loan amount : | 80% of property value. 95% of property value with mortgage insurance. |
| Loan period : | Up to 30 years |
| Repayment frequency : | Weekly, fortnightly or monthly |
| Interest only available : | Yes |
| Additional repayments accepted : | Yes |
| Redraw available : | Yes |
| Redraw fee : | $0 |
| Minimum redraw amount : | No minimum |
| Offset account available : | Yes |
| Offset account fee : | $150p.a. |
| Establishment fee : | $350 |
| Monthly fee : | $0 |
| Fixed Residential Investment Loan -Interest Only | LVR | Interest rate p.a. | Comparison rate p.a. |
| 1 Year | <=70% | 5.39% p.a. | 6.19% p.a. |
| 2 Years | <=70% | 5.29% p.a. | 6.10% p.a. |
| 3 Years | <=70% | 5.29% p.a. | 6.15% p.a. |
| 5 Years | <=70% | 5.89% p.a. | 6.28% p.a. |
| 1 Year | >70% | 5.54% p.a. | 6.34% p.a. |
| 2 Years | >70% | 5.44% p.a. | 6.25% p.a. |
| 3 Years | >70% | 5.44% p.a. | 6.30% p.a. |
| 5 Years | >70% | 6.04% p.a. | 6.42% p.a. |
You will need to adjust the interest rate below to provide an indication of results.
