The New-Loan Advantage Rate Loan is a variable rate loan with a very competitive rate of 6.69% CR 6.69%.
Unlike other lenders offering discounted interest rates, the Advantage Rate Loan is fully featured and includes unlimited free redraws, low fees, salary crediting and flexible repayment options.
The Advantage Rate Loan could be the perfect home loan if you are:
• A first home buyer
• A person who wants to renovate their existing home
• Looking for a better home loan deal or consolidating debt
• An investor looking for a competitive variable rate loan
Checkout the detail – rates and fees
| Loan Amounts |
$50,000 to $2,000,000 Minimum of $30,000 in combination or split. |
| Interest Rate Type | Variable rate only |
| Term | 10 - 30 years |
| Repayment Type | Principal and Interest (amortising) or Interest only up to 5 years |
| Combinations and Splits | Up to 4 |
| Repayment Options | Direct Debit either monthly or fortnightly Salary crediting Internet or telephone transfers from pre-nominated account for additional repayments |
| Additional Repayments | Allowable with no limit on variable rate loans |
| Redraw Facility | No minimum redraws via Internet or telephone banking to pre-nominated account |
| Withdrawals | Cash withdrawals not available other than electronic transfers as above |
| Salary Crediting? | Yes |
| Ability to Switch | Can switch all or part of loan limit to another product |
| Statement Issued | P&I Quarterly, I/O Monthly |
| Other Fees | See rates and fees page |
| Substitution | Can substitute security within loan limit |
