Do you want to make Principal & Interest repayments or Interest Only repayments?
-
You are paying off the loan
-
Repayments are higher
-
You pay less interest over the long term
-
This is the most common
-
You don't pay off the loan
-
Repayments are lower over the initial Interest Only period only (usually 5-10 years)
-
Interest rate is higher
Interest rates for loans with principal & interest repayments on a property you are buying that you will live in from:
if you have at least 20% deposit
or
2.18% p.a.
Fixed for 3 years
2.81% p.a. comparison rate
2.68% p.a.
Variable offset account
​
2.94% p.a. comparison rate
if you have10%-20% deposit after the cost of LMI
or
2.19% p.a.
fixed for 3 years (no offset account)
​
3.79% p.a. comparison rate
2.64% p.a.
variable (with offset account)
​
2.66% p.a. comparison rate
if you have 5%-10% deposit after the cost of LMI
or
2.19% p.a.
fixed for 3 years (no offset account)
​
3.79% p.a. comparison rate
2.64% p.a.
variable (no offset account)
​
2.66% p.a. comparison rate
if you have 5% deposit and need to borrow more to cover the cost of LMI
4.62% p.a.
variable (with full offset account)
​
5.03% p.a. comparison rate
Interest rates for loans with interest only repayments on a property you are buying that you will live in from:
if you have at least 20% deposit
2.68% p.a.
fixed for 2 years (with no offset account) - No LMI
​
3.79% p.a. comparison rate
or
2.99% p.a.
variable (without offset account) - No LMI
​
2.87% p.a. comparison rate
if you have 10%-20% deposit
3.74% p.a.
fixed for 3 years (no offset account) - LMI required
​
4.10% p.a. comparison rate
or
2.99% p.a.
variable (without offset account) - No LMI
​
2.87% p.a. comparison rate
Do you want to make Principal & Interest repayments or Interest Only repayments?
-
You are paying off the loan
-
Repayments are higher
-
You pay less interest over the long term
-
This is the most common
-
You don't pay off the loan
-
Repayments are lower over the initial Interest Only period only (usually 5-10 years)
-
Interest rate is higher
Interest rates for loans with principal & interest repayments on a property you are refinancing that you will live in from:
if you have at least 20% equity
or
2.18% p.a.
Fixed for 3 years
2.81% p.a. comparison rate
2.68% p.a.
Variable offset account
​
2.94% p.a. comparison rate
Interest rates for loans with interest only repayments on a property you are refinancing that you will live in from:
if you have at least 20% equity
or
2.68% p.a.
fixed for 2 years (with no offset account) - No LMI
​
3.79% p.a. comparison rate
2.99% p.a.
variable (without offset account) - No LMI
​
2.87% p.a. comparison rate
Disclaimer
​
*Interest Rates are correct as at 28 June 2020 and are subject to change at any time. Comparison rate calculated on a $150,000 secured loan over a 25-year term. WARNING: Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
​
Your full financial needs and requirements need to be assessed prior to any offer or acceptance of a loan product.
​
Subject to lender terms and conditions.
​