You will most likely be given a choice to choose a repayment cycle by your lender from weekly, fortnightly and monthly. If your loan is interest only, some lenders will only allow you to have monthly loan repayment.
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Property investing can be extremely rewarding if you get it right, but it certainly doesn’t come without pitfalls. It’s very important to arm yourself with...
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If you are looking to renovate an investment property, you will want to consider getting a scrapping report to immediately deduct assets you plan on...
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What is ‘Genuine Savings’? This is where the lender requires you, the borrower, to demonstrate that you have saved gradually by yourself typically 5% of...
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Any calculations or estimated savings do not constitute an offer of credit or a credit quote and are only an estimate of what you may be able to achieve based on the accuracy of the information provided. It doesn’t take into account any product features or any applicable fees.
*2.89% Interest rate based on an Owners Occupied, Principal and Interest, 3 years fixed period, minimum loan size of $250,000, maximum LVR of 80%, over a 30 year term. Eligibility subject to servicing requirements, contact one of our specialised mortgage brokers for more information.
^3.77% Comparison rate based on a loan of $250,000 over a 30 year term. WARNING: The comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan.