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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 | 2.99% p.a. | 3.44% p.a. | 3.84% p.a. | 3.94% p.a. | 4.34% p.a. | 3.69% p.a. | 2.39% p.a. | 3.94% p.a. |
Comparison rate | 3.37% p.a. | 3.61% p.a. | 4.00% p.a. | 4.07% p.a. | N/A | 3.86% p.a. | 3.42% p.a. | 4.16% p.a. |
Loan amounts and repayment terms |
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Minimum loan amount | $200,000 | $50,000 | $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 | No minimum | No minimum | No minimum | No minimum | N/A | No minimum | No minimum | No minimum |
Offset account available | No | Yes | No | Yes | N/A | Yes | Yes | Yes |
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 |
*Fees may apply, if over a 12 month period, $30,000 or more is repaid over and above scheduled repayment amounts.