Variable Plus Home Loan F485D 80% 85% Variable Plus Home Loan - F485D - 80% - 85% - (Principal & Interest) (Owner Occupied)
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4.01%p.a Standard Variable
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4.17%p.a Comparison**
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$919Upfront fees
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$345Annual fees
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85%Max LVR
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$1,878Per Month*
About Better Choice Home Loans
Standard Variable
Repayments calculated to take into account ongoing monthly and anual fees.
- Monthly repayment*
- $1,878
- rate per annum
- 4.01%
Loan to Value Ratio
Borrow up to the maxium of 85% 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.
- Lvr
- 85%
- Capitalise LMI
- Yes
Availability
For Equity and Owner Occupied in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.
- Term
- 15 - 30 years
- Min
- $150,000
- Max
- $1,100,000
Eligibility
The level of financial documentaion and credit history required to apply for the loan.
- Financials
- Full Doc
- Credit History
- Conforming
- Genuine Saving
- Not Required
Offset Account
Save on interest repayments by holding spare cash in an offset account.
- Offset account
- Offset
- 100%
Redraw Facility
Get quick access to cash by drawing on the loan to pay for renovations or other purchases.
- Redraw Facility
- Min Redraw
- $250.0
- Redraw fee
- $0
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
- Credit Card
- Internet Banking
- Telephone Banking
- BPay Option
- Portability of Loan
- Professional Pack
- Check Account
- Direct Salary Credit
- Free Transactions
- Minimum Redraw
- Redraw Fee
Repayments
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.
- Total
- $919
- Valuation
- $286
- Legal/Solicitor
- $303
- Settlement
- $330
Ongoing Fees
Monthly and annual fees and charges during the loan period.
- Total
- $345
- Ongoing Yearly
- $345
Exit Fees
Fees associated with prematurely ending the loan.
- Total
- $1,198
- Exit
- $938
- Early Repayment
- $0
- Switch To Fixed
- $260
Notes
Standard variable loan available with 100% Offset Account.
LVR Notes
Max 85% includes Purchase & Refinance O/O. Also includes Debt Consolidation and Equity Release. Max 80% LVR for Interest Only loans
Notes
Not required
Fee Notes
NIL Application & Valuation Fee (First valuation is free, all additional valuations are at cost per security)