The Honeymoon home loan offers a low capped rate for one year before returning to our basic variable interest rate. This saves you money on interest for the first year of your loan while you settle in to paying off your new home, and gives you the financial security of knowing what your repayments will be for a whole year.
Benefits of a honeymoon home loan:
• Saves you money on interest for the first year of your loan while you settle in to paying off your new home
• Use the savings you make in the first year to put towards your new house or pay extra off your loan to get ahead
• Gives you the financial security of knowing what your repayments will be for a whole year
Home loan features:
• Get a low fixed rate for 12 months which reverts back to our low basic variable rate
• No monthly or ongoing fees
• 100% Offset account attached
• Free redraw facility available with no minimum redraw amount
• Weekly, fortnightly or monthly repayment options
• $500 application fee (to cover valuation and legal fees)**
• Ability to make additional repayments fee free
• Borrow up to 95% of the purchase price with Lenders Mortgage Insurance (LMI), or up to 80% without LMI
• Minimum loan amount $100,000
• Available for those who are buying, refinancing, investing or renovating
* Terms and conditions, fees and charges apply - details available on application. All loans subject to lending guidelines.
**Government charges are still applicable.