Interest Only Variable Home Loan

Ideal for owner occupied and investment purchase, vacant land and renovations.

  • 5.86%pa

    Interest rate - variable

  • 5.91%pa**

    Comparison rate - variable

  • $600

    Establishment Fee

  • $25k

    Minimum Amount

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The smart choice for investment or construction

Interest only variable loans are available to be used for owner occupied and investment purchase, vacant land, renovations, or any acceptable purpose. This loan is suitable for construction purposes.

  • Features and benefits

    • Repayment pause
    • 100% Offset facility giving you the opportunity to pay off your home loan sooner
    • No monthly fees
    • A fee free redraw facility to access additional repayments you’ve made
    • Suitable for construction on interest only. Due to business and prudential requirements, we have placed restrictions on certain interest only home loans. Please contact us for further information.
    • Ability to split loan
    • 24/7 access via internet banking
    • 24/7 access via mobile app
    • 24/7 access via phone banking
    • Portability
    All home loans

  • Rates and fees

    Interest rates
    Interest rate - variable 5.86%pa
    Comparison rate - variable 5.91%pa**
    Interest rates effective date Interest rates effective 1 December 2018
    Interest rates type

    Variable
    Other information
    Establishment Fee $600
    Repayment Type Interest only
    Interest Rate Type Variable
    Interest Applied Monthly
    Interest Calculated Daily
    Minimum Amount $25k
    Maximum Amount Maximum LVR 80% before the capitalisation of the MRI premium.*

    Due to business and prudential requirements, we have placed restrictions on certain interest only home loans. Please contact us for further information.
    Settlement Attendance Fee $150
    Additional Valuation and Administration Fee $250

    For full details of our fees please review the Fees and charges brochure.

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**Comparison rate warning
Comparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. WARNING: This 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.

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