Investment RateSaver Home Loan

The Investment RateSaver Home Loan is our simple vanilla loan with a super-low rate, unlimited additional repayments as well as the ability to redraw.
Category: Home Loans  Last Updated April 30, 2024  Effective November 1, 2024

 General Lending Rates

Rates listed below are for a VARIABLE INVESTMENT P&I product. Additional Information
Interest Rate
6.68% PA
Comparison Rate
6.72%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
  LVR 81% <= 90% (inc LMI)
Minimum: 81 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 6.93%, Comparison Rate 6.97%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment

 Product Features

  • Redraw

 Product Eligibility

  • Min Age - 18.
  • Residency Status - Individuals Must Be Citizens Or Permanent Residents Of Australia..
  • Natural Person
  • Employment Status - Applicants Must Be Currently Employed Or Receiving A Regular Income. Self Employed Clients Should Contact The Bank Prior To Applying.

 Bank Fees and Charges

  • Default Notice Fee (Event), Amount: 30.00. Additional Information: Payable when a notice is issued regarding a default under the contract
  • Audit Certificate Fee (Event), Amount: 50.00. Additional Information: Per audit certificate requested
  • Copies Of Statements (up To 12 Months) At Branch (Event), Amount: 2.50.
  • Copies Of Statements (up To 12 Months) Posted (Event), Amount: 1.00. Additional Information: per page
  • Arrears Notice Fee (Event), Amount: 20.00. Additional Information: 2nd and subsequent reminders by letter or phone
  • Property Valuation Fee (Variable), Amount: 250.00. Additional Information: At cost. Minimum is $250.00
  • Consent Fee (Event), Amount: 250.00. Additional Information: For 2nd or subsequent mortgages or lease registration
  • Ratesaver Processing Fee (Upfront), Amount: 450.00. Additional Information: When borrowing in excess of 80% LVR
  • Documentation Re-issue Fee (Event), Amount: 100.00. Additional Information: + 3rd party costs
  • Archive Retrieval Fee (Variable), Amount: 50.00. Additional Information: A $50 hourly fee applies plus any expenses incurred
  • Ratesaver Switch Fee (Event), Amount: 100.00. Additional Information: + 3rd party costs-To switch to a RateSaver Loan
  • Paper Statement Fee (per Statement) (Periodic), Amount: 2.00.
  • Mortgage Discharge Fee (Event), Amount: 120.00. Additional Information: + 3rd party costs
  • Redraw Fee (per Redraw) (Transaction), Amount: 10.00.
  • Copies Of Statements (over 12 Months) At Branch Or Posted (Event), Amount: 5.00. Additional Information: per page
  • Switch/variation Fee - Home & Investment Loans (Event), Amount: 100.00. Additional Information: + 3rd party costs-To switch or vary home loans (other than switching to RateSaver)

 Limitations & Restrictions (Constraints)

  • Min Limit of 150000.00
  • Max Limit of 5000000.00