Our competitive variable rate loan for first home buyers
This is what you can expect from Horizon
Own your home sooner with our helpful home loan tips:
Horizon is run only to benefit our customers. Our mission is to help you achieve your financial and lifestyle goals. We can guide you along your first home buyer experience and beyond.
The future is brighter with Horizon!
Owner occupier, variable, principal & interest, LVR 70% or less.
Click Interest Rates below for LVR >70% loans.
| Features | LVR <=70% | LVR > 70% |
| Repayment Arrangement | Principal & Interest | Principal & Interest |
| Minimum amount | $250,000 | $250,000 |
| Maximum amount | 70% of property value | 80% 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 |
| Interest only available | Yes - click here for more info | Yes - click here for more info |
| 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 |
| First Home Buyer Loan | LVR | Interest rate p.a. | Comparison rate p.a. |
| Principal & Interest | <=70% | 5.24% p.a. | 5.24% p.a. |
| Principal & Interest | >70% | 5.39% p.a. | 5.39% p.a. |
| Interest Only | <=70% | 5.44% p.a. | 5.44% p.a. |
| Interest Only | >70% | 5.59% p.a. | 5.59% p.a. |
You will need to adjust the interest rate below to provide an indication of results.
