Investment property loan Interest Only Fixed 2 years
A flexible loan to assist in the purchase of an investment property with the rate fixed for 2 years. Includes a 100% offset account.
Category: Home Loans Last Updated November 30, 2023 Effective May 3, 2024
General Lending Rates
Rates listed below are for a VARIABLE INVESTMENT Interest Only product. Additional Information Interest only period up to five years
Interest Rate 7.74% PA
Comparison Rate 7.73%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Features
Offset
Product Eligibility
Min Age - 18.
Bank Fees and Charges
Account Keeping Fee (Periodic), Amount: 12.00.
Application Fee (Upfront), Amount: 200.00.
Arrears Fee (Periodic), Amount: 25.00. Additional Information: For loans in arrears two month or more
Discharge Preparation Fee (Event), Amount: 60.00. Additional Information: When the balance is repaid in full and a Form 3 is prepared
Discharge Settlement Fee (Event), Amount: 100.00. Additional Information: When required to attend at settlement
Inward Dishonour Fee (Event), Amount: 20.00. Additional Information: If a cheque received by the Credit Provider is dishonoured this fee will be debited to your account. After that debit is made, this fee is payable as part of the balance
Refixing Fee (Event), Amount: 300.00. Additional Information: Payable when changing from one fixed rate to another
Subsequent Dealing Fee (Event), Amount: 200.00. Additional Information: When you apply for consent to a subsequent dealing with the mortgaged property
Variation Of Loan Contract Fee (Event), Amount: 200.00. Additional Information: Payable when you apply to vary a loan contract
