Great investment home loan deals in November 2019

Spring is the time for buying and improving Auction clearance rates indicate most capital city and many regional markets are turning around.

Investors need to be able to act and grab a good property with finance that is fit-for-purpose.

Investors can compare home loans and choose from investment loans that require just interest-only repayments for a period of time or principal and interest repayments, for a generally lower rate. Fixed home loans are also popular with investors because of the certainty they can bring to cash-flow planning.

Some investors also choose to package their loans and seek further advice if they have complex arrangements.

In this review of home loan deals for property investors in November 2019, InfoChoice compares low-rate investor loans. Great variable low-rate and fixed low-rate home loan deals now available on InfoChoice.

Price is king and nothing beats a low-rate for money-conscious borrowers.

These property investment home loan deals could get you in the property market this spring.

The lowest property investor home loan rates in November 2019 on InfoChoice

Reduce Home Loans

The lowest variable home loan comparison rate for property investors, now listed in InfoChoice’s database of more than 1800 home loans from 145 Australian banks, credit unions and other home loan providers is Reduce Home Loans‘ Investor Rate Slasher.

The Rate Slasher has a comparison rate of 3.01 per cent pa with application fee of $440 on LVRs up to 90 per cent. This loan requires principal and interest repayments.

Athena Home Loans

For interest-only loans, Athena Home Loans has interest-only home loans for property investors on LVRS of 80 per cent or less now set at a market -leading variable comparison rate of 3.24 per cent pa.

For borrowers who prefer principal and interest loans, Athena has a 3.20 per cent pa comparison rate loan.

U Bank

In the fixed rate investment home loan market, UBank has a 2.89 per cent pa rate for investors on 1 year fixed loans (3.84 per cent pa comparison rate). There is no application fee on this loan with maximum LVR of 80 per cent. UBank also has competitive rates on two and three-year fixed investor loans.

All these loans are cheaper on price than the big four banks.

Big four banks investor home loan rates compared

The big four banks, ANZ, NAB, Westpac and Commonwealth Bank all have a range of rates and deals for investors. Here are some of the big banks lowest home loan rates now on offer for property investors in Australia, as listed on InfoChoice.

ANZ Bank

ANZ Investment home loan rates, November 2019

ANZ Bank has fixed investor home loan rates starting at 3.44 per cent pa (comparison rates from 5.01 per cent pa).

ANZ Bank has variable investor home loan rates for investors starting at 3.52 per cent pa (comparison rate 3.56 per cent pa).

NAB

NAB Investment home loan rates, November 2019

National Australia Bank’s Base Variable Rate Home Loan – Principal and Interest (Investment) has variable rate for investors of 4.22 per cent pa (comparison rate 4.26 per cent pa).

NAB has fixed rate home loan rates for investors starting at 3.28 per cent pa (comparison rates from 4.67 per cent pa).

Westpac

Westpac Investment home loan rates, November 2019

Westpac has variable rates for investors starting from 3.49 per cent pa (comparison rate 3.50 per cent pa).

Westpac has fixed rate home loan rates starting at 3.28 per cent pa (comparison rates from 4.67 per cent pa).

Commonwealth Bank

Commonwealth Bank Investment home loan rates, November 2019

Commonwealth Bank’s Extra Home Loan – Investment LVR <=70% (P&I) has a variable rates for investors now set at 3.52 per cent pa (comparison rate 3.53 per cent pa).

Commonwealth Bank has fixed rate home loan rates starting at 3.59 per cent pa (comparison rates from 4.86 per cent pa).

Other lenders are also competing hard to grab a slice of the property investment home loan market.

Freedom Lend

“To get a great deal, investors need to be prepared to compare rates and deals and switch lenders to get a good deal,” said Vadim Taube, CEO of InfoChoice, a leading Australian financial comparison site.

FreedomLend is a Melbourne based, 100 per cent Australian non-bank lender competing on price and good service. FreedomLend have a Quick Qualifier function and online application for potential borrowers to check their eligibility and apply.

For investors, FreedomLend have a basic, principal and interest, 80% LVR variable rate home loan now set at 3.09 per cent pa (comparison rate is also 3.09 per cent pa). there is no application fee but there is an offset account available with this account.

Aussie

One lender offering competitive rates and competing on personal service as well is Aussie Home Loans.

Aussie Home Loans is charging investors rates from 3.84 per cent pa (comparison rates from 3.96 per cent pa) on fixed rate, basic loans with no application fee, no offset account and LVRs up to 90 per cent.

Better rates are available for owner occupiers compared to investors. There are eleven home loan products now listed in InfoChoice that have headline interest rates under 3 per cent pa for owner occupiers paying principal and interest.

Lenders with very low rates on variable home loans include Reduce Home Loans, FreedomLend, Athena, Loans.com.au and Mortgage House.

The information contained on this web site is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser. If you or someone you know is in financial stress, contact the National Debt Helpline on 1800 007 007.

Notes:

Rates are headline rates at the time of publishing, not comparison rates, fees not included.

Rates based on owner-occupier, variable rate, principal and interest 25-year, $300,000 loan amount with a package.

Comparison rate is based on a secured loan of $150,000 over the term of 25 years.

WARNING: These comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and costs savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan

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