Bank of Melbourne
Bank of Melbourne Variable Home Loan with Offset principalandinterest 80.01 to 95 PERCENT investment
| Rate | 8.37% |
| APR | 8.69% |
| Currency | AUD |
Our full-featured variable rate loan, with an offset account and redraw.
COMPLEMENTARY_PRODUCT_DISCOUNTS :
EXTRA_REPAYMENTS : The product includes extra repayment features.
FRAUD_PROTECTION : The product includes fraud protection features.
GUARANTOR : Subject to terms and conditions, this product includes guarantor features.
OFFSET : Interest offset benefit : The interest offset benefit accumulates daily and is available for each day on which you have a credit balance in any linked account. We calculate the amount of interest offset benefit in the following manner: for a Partial Offset facility by applying the daily partial offset rate to the sum of the credit balances in each linked account at the end of each day. for a Mortgage Equaliser Offset or a Repayment Offset facility by applying the daily percentage rate to the to the sum of the credit balances in each linked account at the end of each day., Offset account : Full interest offset facility to help you save on interest on your home (fees apply).
REDRAW : Redraw : Redraw funds from any extra payments you have made, when you need it.
RELATIONSHIP_MANAGEMENT : Relationship management is available for eligible customers.
OTHER : Building Loan Feature: A specialised lending option that is available on selected loan products. Allows the customer to progressively draw down what is needed to cover the build of their residential property over the construction period., Cancellation of the package : A package owner may cancel the package at any time by giving us 14 days advance notice in writing., Complete your refinance loan application with FASTRefi. A faster and easier refinancing process compared to the standard way - so you could access your new Bank of Melbourne home loan in days, as opposed to weeks. Eligibility applies., Family Pledge : You could use the equity in a family member's home to guarantee part of your home loan, Flexibility : Make unlimited additional repayments to pay off your loan sooner, with no break costs to pay in the event of early repayment., Option to split your loan : Make part of your loan a fixed interest rate and part a variable interest rate., Package can include the following : 1. Package residential home and investment loans 2. Package Portfolio Loan 3. Package full interest offset facility 4. Package credit card 5. Package Insurance, Statements of account : We will send you a statement of your loan account at least every six months or more frequently if you request, Substituting a security : You may ask us to accept a new mortgage over other land as a substitute for any mortgage which is security for your loan. We may agree to this if you satisfy any reasonable requirements that we have, such as repaying part of the loan amount. We will require the new mortgage to be provided at the same time that the existing mortgage is discharged. We charge a fee for substituting a mortgage or other security., Take a break from repayments : You may be able to pause or reduce your repayments for a set period (keep in mind after the break your repayments may be higher for the rest of your loan term).
Loan Purpose: INVESTMENT
Tier: LVR above 80%
Lending Establishment Fee UPFRONT : 600.00
LVR above 80% PRINCIPAL_AND_INTEREST
VARIABLEDT Modified:2024-06-03
COMPLEMENTARY_PRODUCT_DISCOUNTS :
EXTRA_REPAYMENTS : The product includes extra repayment features.
FRAUD_PROTECTION : The product includes fraud protection features.
GUARANTOR : Subject to terms and conditions, this product includes guarantor features.
OFFSET : Interest offset benefit : The interest offset benefit accumulates daily and is available for each day on which you have a credit balance in any linked account. We calculate the amount of interest offset benefit in the following manner: for a Partial Offset facility by applying the daily partial offset rate to the sum of the credit balances in each linked account at the end of each day. for a Mortgage Equaliser Offset or a Repayment Offset facility by applying the daily percentage rate to the to the sum of the credit balances in each linked account at the end of each day., Offset account : Full interest offset facility to help you save on interest on your home (fees apply).
REDRAW : Redraw : Redraw funds from any extra payments you have made, when you need it.
RELATIONSHIP_MANAGEMENT : Relationship management is available for eligible customers.
OTHER : Building Loan Feature: A specialised lending option that is available on selected loan products. Allows the customer to progressively draw down what is needed to cover the build of their residential property over the construction period., Cancellation of the package : A package owner may cancel the package at any time by giving us 14 days advance notice in writing., Complete your refinance loan application with FASTRefi. A faster and easier refinancing process compared to the standard way - so you could access your new Bank of Melbourne home loan in days, as opposed to weeks. Eligibility applies., Family Pledge : You could use the equity in a family member's home to guarantee part of your home loan, Flexibility : Make unlimited additional repayments to pay off your loan sooner, with no break costs to pay in the event of early repayment., Option to split your loan : Make part of your loan a fixed interest rate and part a variable interest rate., Package can include the following : 1. Package residential home and investment loans 2. Package Portfolio Loan 3. Package full interest offset facility 4. Package credit card 5. Package Insurance, Statements of account : We will send you a statement of your loan account at least every six months or more frequently if you request, Substituting a security : You may ask us to accept a new mortgage over other land as a substitute for any mortgage which is security for your loan. We may agree to this if you satisfy any reasonable requirements that we have, such as repaying part of the loan amount. We will require the new mortgage to be provided at the same time that the existing mortgage is discharged. We charge a fee for substituting a mortgage or other security., Take a break from repayments : You may be able to pause or reduce your repayments for a set period (keep in mind after the break your repayments may be higher for the rest of your loan term).
Loan Purpose: INVESTMENT
Tier: LVR above 80%
Lending Establishment Fee UPFRONT : 600.00
LVR above 80% PRINCIPAL_AND_INTEREST
VARIABLEDT Modified:2024-06-03
The rate of 8.37% is 8.37% higher than the average 0%. Also it is -8.37 % lower than the highest rate Updated Sep, 2024
Our full-featured variable rate loan, with an offset account and redraw.
COMPLEMENTARY_PRODUCT_DISCOUNTS :
EXTRA_REPAYMENTS : The product includes extra repayment features.
FRAUD_PROTECTION : The product includes fraud protection features.
GUARANTOR : Subject to terms and conditions, this product includes guarantor features.
OFFSET : Interest offset benefit : The interest offset benefit accumulates daily and is available for each day on which you have a credit balance in any linked account. We calculate the amount of interest offset benefit in the following manner: for a Partial Offset facility by applying the daily partial offset rate to the sum of the credit balances in each linked account at the end of each day. for a Mortgage Equaliser Offset or a Repayment Offset facility by applying the daily percentage rate to the to the sum of the credit balances in each linked account at the end of each day., Offset account : Full interest offset facility to help you save on interest on your home (fees apply).
REDRAW : Redraw : Redraw funds from any extra payments you have made, when you need it.
RELATIONSHIP_MANAGEMENT : Relationship management is available for eligible customers.
OTHER : Building Loan Feature: A specialised lending option that is available on selected loan products. Allows the customer to progressively draw down what is needed to cover the build of their residential property over the construction period., Cancellation of the package : A package owner may cancel the package at any time by giving us 14 days advance notice in writing., Complete your refinance loan application with FASTRefi. A faster and easier refinancing process compared to the standard way - so you could access your new Bank of Melbourne home loan in days, as opposed to weeks. Eligibility applies., Family Pledge : You could use the equity in a family member's home to guarantee part of your home loan, Flexibility : Make unlimited additional repayments to pay off your loan sooner, with no break costs to pay in the event of early repayment., Option to split your loan : Make part of your loan a fixed interest rate and part a variable interest rate., Package can include the following : 1. Package residential home and investment loans 2. Package Portfolio Loan 3. Package full interest offset facility 4. Package credit card 5. Package Insurance, Statements of account : We will send you a statement of your loan account at least every six months or more frequently if you request, Substituting a security : You may ask us to accept a new mortgage over other land as a substitute for any mortgage which is security for your loan. We may agree to this if you satisfy any reasonable requirements that we have, such as repaying part of the loan amount. We will require the new mortgage to be provided at the same time that the existing mortgage is discharged. We charge a fee for substituting a mortgage or other security., Take a break from repayments : You may be able to pause or reduce your repayments for a set period (keep in mind after the break your repayments may be higher for the rest of your loan term).
Loan Purpose: INVESTMENT
Tier: LVR above 80%
Lending Establishment Fee UPFRONT : 600.00
LVR above 80% PRINCIPAL_AND_INTEREST
VARIABLEDT Modified:2024-06-03
COMPLEMENTARY_PRODUCT_DISCOUNTS :
EXTRA_REPAYMENTS : The product includes extra repayment features.
FRAUD_PROTECTION : The product includes fraud protection features.
GUARANTOR : Subject to terms and conditions, this product includes guarantor features.
OFFSET : Interest offset benefit : The interest offset benefit accumulates daily and is available for each day on which you have a credit balance in any linked account. We calculate the amount of interest offset benefit in the following manner: for a Partial Offset facility by applying the daily partial offset rate to the sum of the credit balances in each linked account at the end of each day. for a Mortgage Equaliser Offset or a Repayment Offset facility by applying the daily percentage rate to the to the sum of the credit balances in each linked account at the end of each day., Offset account : Full interest offset facility to help you save on interest on your home (fees apply).
REDRAW : Redraw : Redraw funds from any extra payments you have made, when you need it.
RELATIONSHIP_MANAGEMENT : Relationship management is available for eligible customers.
OTHER : Building Loan Feature: A specialised lending option that is available on selected loan products. Allows the customer to progressively draw down what is needed to cover the build of their residential property over the construction period., Cancellation of the package : A package owner may cancel the package at any time by giving us 14 days advance notice in writing., Complete your refinance loan application with FASTRefi. A faster and easier refinancing process compared to the standard way - so you could access your new Bank of Melbourne home loan in days, as opposed to weeks. Eligibility applies., Family Pledge : You could use the equity in a family member's home to guarantee part of your home loan, Flexibility : Make unlimited additional repayments to pay off your loan sooner, with no break costs to pay in the event of early repayment., Option to split your loan : Make part of your loan a fixed interest rate and part a variable interest rate., Package can include the following : 1. Package residential home and investment loans 2. Package Portfolio Loan 3. Package full interest offset facility 4. Package credit card 5. Package Insurance, Statements of account : We will send you a statement of your loan account at least every six months or more frequently if you request, Substituting a security : You may ask us to accept a new mortgage over other land as a substitute for any mortgage which is security for your loan. We may agree to this if you satisfy any reasonable requirements that we have, such as repaying part of the loan amount. We will require the new mortgage to be provided at the same time that the existing mortgage is discharged. We charge a fee for substituting a mortgage or other security., Take a break from repayments : You may be able to pause or reduce your repayments for a set period (keep in mind after the break your repayments may be higher for the rest of your loan term).
Loan Purpose: INVESTMENT
Tier: LVR above 80%
Lending Establishment Fee UPFRONT : 600.00
LVR above 80% PRINCIPAL_AND_INTEREST
VARIABLEDT Modified:2024-06-03
The rate of 8.37% is 8.37% higher than the average 0%. Also it is -8.37 % lower than the highest rate Updated Sep, 2024
Rate
8.37%
APR
8.69%
Currency
AUD