Variable ALT Home Loan F595 90% 95% Variable ALT Home Loan - F595 - 90% - 95% (Principal & Interest) (Owner Occupied)

  • 7.69%
    p.a Standard Variable
  • 7.79%
    p.a Comparison**
  • $1,793
    Upfront fees
  • $180
    Annual fees
  • 95%
    Max LVR
  • $2,645
    Per Month*

About Better Choice Home Loans

Better Choice is a mortgage manager that offers a large scope of home loan and commercial loan alternatives. Through our Accredited Introducer system and a constantly developing database of existing clients, we connect brokers and purchasers across the nation to understand their common objectives.

Standard Variable

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*
rate per annum

Loan to Value Ratio

Borrow up to the maxium of 95% of the value of the property.

Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.

However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.

Capitalise LMI


For Construction, Equity, Investment, Owner Occupied, and Vacant Land in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.

10 - 40 years


The level of financial documentaion and credit history required to apply for the loan.

Full Doc
Credit History
Genuine Saving
Not Required

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility
Min Redraw
Redraw fee

Banking Features

Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.

Some features you may wish to consider include:

  • an offset account;
  • ability to make extra repayments;
  • a redraw facility; and
  • linked credit card and savings accounts;
  • ability to split your loan between fixed and variable interest rates
Offset Account
Redraw Available
Internet Banking
Telephone Banking
Credit Card
BPay Option
Portability of Loan
Professional Pack
Check Account
Direct Salary Credit
Free Transactions
Minimum Redraw
Redraw Fee


You can make your repayments Fortnightly, Monthly, and Weekly.

Interest Only Option
Max Interest Only
0 years

Upfront Fees

Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.


Ongoing Fees

Monthly and annual fees and charges during the loan period.

Ongoing Monthly

Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


Max 95% LVR for purchase of owner occupied or investment properties. Max 90% LVR for Refinances inclusive of Risk Fee. Available with 100% offset account with optional Visa debit card. Monthly fee applies (see fees sheet). Business - Purchase, Refinance and Consolidation. NRAS included to max LVR. Unlimited cash out to 90% LVR. Loans up to 40 years. Non Genuine Savings. Minor defaults up to $1,000 accepted, Unlimited defaults and judgments > $1,000, registered > 24 months (paid or unpaid), Discharged from bankruptcy (1 day accepted). Income Documentation (PAYG) Last 2 pay slips plus one of the following: Letter of employment or Tax assessment notice or Latest group certificate or 3 months bank statements. Income Documentation (Self-Employed) Last 2 years tax returns & Last 2 years tax assessment notices. Construction valuation fee of $950 PLUS up to 5 progress inspection fees are required (with a minimum of 4 required)

LVR Notes

Max 95% includes Purchase O/O & Investment.


Not required

Fee Notes

$400 title insurance fee is waived for new applications received by 26th January, 2018. Note this is not the case for construction. Note: Please see lender's Risk Fee document for applicable fees.

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided