All home loans comparison table
|
Rates p.a.
|
|||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Interest rate
|
Variable rate 7.09% 1 p.a. |
Variable rate 7.09%1 p.a.
|
Variable rate 6.44% p.a. |
Variable rate 6.44% p.a. |
Fixed rate p.a. 1 yr 6.19% 2 yr 6.49% 3 yr 6.19% 4 yr 6.99% 5 yr 6.99% 7 yr 7.99% 10 yr 7.99% |
Fixed rate p.a. 1 yr 6.19% 2 yr 6.49% 3 yr 6.19% 4 yr 6.99% 5 yr 6.99% 6 yr 7.99% 7 yr 7.99% 9 yr 7.99% 10 yr 7.99% 12 yr 8.19%
|
Variable equity rate 7.24% p.a. for borrowings over $25,000 |
||
|
Home loan comparison rate 2
|
7.22% p.a. |
7.22% p.a. |
6.49% p.a. |
6.49% p.a. |
1 yr 7.13%6 2 yr 7.10%6 3 yr 6.96%6 4 yr 7.18%6 5 yr 7.18%6 7 yr 7.75%6 10 yr 7.89%6 |
1 yr 7.13%6 2 yr 7.10%6 3 yr 6.96%6 4 yr 7.18%6 5 yr 7.18%6 6 yr 7.70%6 7 yr 7.75%6 9 yr 7.85%6 10 yr 7.89%6 12 yr 8.12%6 |
N/A |
||
|
Home loan package 3
|
Up to 0.7% p.a. discount
|
Up to 0.7% p.a. discount
|
no | no |
0.2% p.a. discount on loans over $150,000
|
0.2% p.a. discount on loans over $150,000
|
Up to 0.7% p.a. discount |
||
|
Fees4
|
|||||||||
|
Loan establishment fee
|
$600
|
$600
|
$600
|
$600
|
$600
|
$600
|
$600
|
||
|
Combination loan establishment fee
|
$600
|
$600
|
N/A
|
$600 |
$600
|
$600
|
$600
|
||
|
Monthly loan maintenance fee
|
no | no | no | no |
$8
|
$8
|
$10
|
||
|
Features
|
|||||||||
|
Extra repayments5
|
yes | yes | yes | yes |
Up to $30,0006 in fixed rate period
|
Up to $30,0006 in fixed rate period
|
yes | ||
|
Interest only
|
yes | yes | yes | yes | yes | yes | yes | ||
|
Redraw5
|
yes | yes |
$25 each
|
$25 each
|
$30,0006 maximum
|
$30,0006 maximum
|
15 free per month, then $2 each
|
||
|
Increase loan if you need additional funds5
|
$400 each | $400 each |
$350 each
|
$350 each
|
no | no |
$400 each
|
||
|
Parental leave5
|
yes | yes | yes | no | no | no | no | ||
|
Repayment holiday5
|
yes | yes | yes | yes | yes | yes | yes | ||
|
Portability5
|
$300 per move | $300 per move |
$350 per move
|
$350 per move
|
$300 per move
|
$300 per move
|
$300 per move
|
||
|
Progress draws (for construction)
|
$300 covers all
|
$300 covers all
|
$95 per draw
|
$95 per draw
|
$300 covers all
|
$300 covers all
|
no | ||
|
SmartPay
|
yes | yes | no | no | no | no | yes | ||
|
Reduced repayments5
|
yes | yes | yes | no | no | no | no | ||
|
Options
|
|||||||||
|
Low Doc
|
yes | yes | no | no | yes | yes | yes | ||
|
100% offset
|
yes | yes | no | no | no | no | no | ||
|
Fixed rate lock in
|
no | no | no | no |
0.15% of loan amount
|
0.15% of loan amount
|
no | ||
|
Combination loan
|
yes | yes | yes | yes | yes | yes | yes | ||
Things you should know
- 1. A rate of 7.19% p.a. applies to loans originated prior to 19 September 2005. Fees and charges and normal credit criteria apply. Interest rates and discounted margin are subject to change. Terms and Conditions apply and are available on request.
- 2. The comparison rate is based on a secured loan of $150,000 over a term of 25 years. Warning: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
- 3. 0.70% p.a. discount is available for variable rate loan amounts of $250,000 and above (for Low Doc loan, the discount is 0.5% p.a. for variable rate loan amounts between $250,000 and $499,999). For variable rate loan amounts between $150,000 and $249,999, the applicable discount is 0.4% p.a. (for Low Doc loan the discount is 0.3% p.a. for variable rate loan amounts between $150,000 and $249,999). The discount is not applicable to Flexi First Option Home Loan and Flexi First Option Investment Property Loan.
- 4. Other fees and charges apply.
- 5. Subject to Bank's approval.
- 6. Customers can make total prepayments of up to $15,000 (cumulative) for loans fixed prior to 21 March 2009, $25,000 (cumulative) for loans fixed between 21 March 2009 and 16 March 2012 or $30,000 (cumulative) for loans fixed on or after 17 March 2012, without costs or fees applying.
-
