Discount Saver Home Loan
The Discount Saver home loan is a
"no-frills" home loan with a low ongoing variable interest rate for the life
of the loan. This home loan is to assist with the purchase of owner-occupied
residential property or investment residential property. It is designed for
customers who do not want to pay for features they do not require but still
require a flexible home loan. Repayments can be tailored to suit individual
needs.
- 9.02% p.a. variable interest rate (comparison rate 9.37% p.a.* )
- Free unlimited extra repayments and 100% offset
- Interest only option
This type of loan is ideal for customers who are seeking a basic home or investment
home loan with a reduced rate and whose primary objective is to repay their loan
as soon as possible or to lower their interest cost.
Discount Saver Home Loan
| Purpose |
Purchase or Refinance residential property.
Includes the non-structural renovation of new and existing properties. |
| Loan Type |
Owner Occupied, First Home purchase, Investment property. |
| Minimum Loan |
$50,000 |
| Maximum Loan |
$500,000. |
| Maximum LVR |
95% on standard residential property |
| Ongoing Account Keeping fee |
$350 per year or $30 per month. |
| Term |
Minimum 12 months.
Maximum 30 years. |
| Redraw Facility |
Redraw available with a $50 Redraw fee charged for each withdrawal including those from ATM, DD and Phone Banking. |
| Lump Sums |
Available at any time. |
| Interest Only Option |
1 to 10 years. |
| Fixed Rate Option |
Not Applicable. |
| Split Loan Option |
Not Applicable. |
| Repayments |
- Principal & Interest can be made monthly, fortnightly or weekly
- Interest only is paid monthly on anniversary day of drawdown
|
| Features |
- Direct Salary Crediting
- Debit Card
- Phone Banking
- Portability provides for the loan to be transferred from one property to another
|
* Comparison rate is based on a $150,000 loan over 25 years.
Online Application - with our secure form it takes only 5 minutes to get an obligation free pre-approval.
