Mortgage Breaker Investment Interest Only

Our Mortgage Breaker Investor interest only variable home loan gives you the flexibility to make unlimited additional repayments.
Category: Home Loans  Last Updated December 4, 2024  Effective January 10, 2025

 General Lending Rates

Rates listed below are for a VARIABLE INVESTMENT Interest Only product. Additional Information
Interest Rate
6.29% PA
Comparison Rate
6.33%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 >60% to ≤70% discount
Minimum: 60.01 PERCENT Maximum: 70 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 6.39%, Comparison Rate 6.43%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  • Lending Rate Type: Variable
  • Interest Rate: 9.04%, Comparison Rate 9.09%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR >70% to ≤80% discount
Minimum: 70.01 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 6.44%, Comparison Rate 6.48%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR ≤60% discount
Minimum: 0.01 PERCENT Maximum: 60 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 6.29%, Comparison Rate 6.33%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR >80% to ≤90% discount
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 6.59%, Comparison Rate 6.63%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment

 Product Features

  • Npp Enabled
  • Digital Banking

 Product Eligibility

  • Min Age - 18.
  • Natural Person
  • Residency Status - Must Be An Australian Resident.

 Bank Fees and Charges

  • Loan Document Fee - Top Up (Event), Amount: 350.00. Additional Information: Payable for further advance. Valuation fees are payable at cost.
  • Substitution Of Mortgage Security (single Property) Fee - For New Loans (Event), Amount: 350.00. Additional Information: Payable for substitution of a mortgage security
  • Valuation Fee (Variable), Amount: Not Listed.. Additional Information: The cost of the first valuation for a new security is covered by RACQ Bank. Any additional valuation required on an existing security will be payable by the member at cost.
  • Company / Trust - Borrower / Guarantor Party Fee Company Search And Review Fee (Event), Amount: 150.00. Additional Information: Payable for each company or trust borrower / guarantor party on the loan.
  • Discharge Fee (Exit), Amount: 165.00. Additional Information: Payable for standard partial or full discharges.
  • Default Enforcement Expenses (Variable), Amount: Not Listed.. Additional Information: May apply if enforcement services are required as part of default administration
  • Substitution Of Mortgage Security (single Property) Fee - For Variations (Event), Amount: 200.00. Additional Information: Payable for substitution of a mortgage security
  • Document Preparation And Settlement Fee (Upfront), Amount: 550.00. Additional Information: Document Preparation and Settlement Fee includes the cost of title search, document preparation and settlement fees - document generation, distribution of documents, verification of returned documents, verification of search requirements, settlement booking, settlement attendance (PEXA or paper) and lodgement of title documents

 Limitations & Restrictions (Constraints)

  • Min Limit of 20000.00