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Welcome to the new Horizon Bank website
Below is where you can compare our home loan rates and view our range of owner occupied home loans. If you're interested in our range of loans for investment purposes click here.
| Home Sweet Home Loan | Value Plus Home Loan | Platinum Home Loan | Basic Home Loan | Handyloan Secured Line of Credit | KickStart First Home Buyer Loan | Fixed Home Loans | Mortgage Breaker 100% Offset | |
| Description |
A home loan with a 24 month discounted rate |
A special home loan with the flexibility to repay and redraw.*** |
A home loan for loans over $150,000 and features a Platinum Loan bundle that includes a discounted rate, fee-free transaction banking and more!** |
A straight forward home loan that is flexible to your needs. |
Use the equity in your home for a line of credit that you can conveniently use to meet your financial needs |
A fully-featured home loan at a great rate that is designed especially for first home buyers. |
Provides you with the peace of mind that comes from knowing that your rates and payments remain the same for a fixed period of time. Note the example below is for 1 year fixed loan. 2, 3 and 5 year fixed loans are also available. |
The Mortgage Breaker allows you to have a savings account of which 100% of the balance is offset against your home loan saving your money. |
|
Interest rates |
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| Interest rate | 3.29% p.a. | 3.69% p.a. | 4.09% p.a. | 4.19% p.a. | 4.59% p.a. | 3.94% p.a. | 3.49% p.a. | 4.19% p.a. |
| Comparison rate | 3.37% p.a. | 3.86% p.a. | 4.25% p.a. | 4.32% p.a. | N/A | 4.11% p.a. | 3.74% p.a. | 4.41% p.a. |
|
Loan amounts and repayment terms |
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| Minimum loan amount | $200,000 | $150,000 | $150,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 |
| Maximum loan amount | 80% of property value. | 80% of property value. 95% of property value with mortgage insurance | 80% of property value. 95% of property value with mortgage insurance | 80% of property value. 95% of property value with mortgage insurance | 80% of property value. | 80% of property value. 95% of property value with mortgage insurance | 80% of property value. 95% of property value with mortgage insurance | 80% of property value. 95% of property value with mortgage insurance |
| Loan period | Up to 30 years | Up to 30 years | Up to 30 years | Up to 30 years | Ongoing | Up to 30 years | Up to 30 years | Up to 30 years |
|
Repayments and redraw options |
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| Repayment frequency | Weekly, fortnightly or monthly | Weekly, fortnightly or monthly | Weekly, fortnightly or monthly | Weekly, fortnightly or monthly | Weekly, fortnightly or monthly | Weekly, fortnightly or monthly | Weekly, fortnightly or monthly | Weekly, fortnightly or monthly |
| Interest only available | No | No | No | No | No | No | No | No |
| Additional repayments accepted | Yes | Yes | Yes | Yes | Yes | Yes | Yes* | Yes |
| Redraw available | Yes | Yes | Yes | Yes | No | Yes | Yes | Yes |
| Minimum redraw amount | $500 | $500 | $500 | $500 | N/A | $500 | $500 | $500 |
|
Fees |
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| Establishment fee | $0 | $350 | $0 | $350 | $250 | $350 | $350 | $250 |
| Monthly fee | $0 | $8 | $0 | $5 | $5 | $8 | $0 | $0 |
| Annual fee | $0 | $0 | $150 | $0 | $0 | $0 | $0 | $150 |
| Redraw fee | $0 | $0 | $0 | $0 | N/A | $0 | $0 | $0 |
| Early break fee | No | No | No | No | No | No | Yes | No |
We're ready to help you
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Important information
*Fees may apply, if over a 12 month period, $30,000 or more is repaid over and above scheduled repayment amounts.
