3 Year Basic Saver Home Loan
Economy 3 Year Basic Saver Loan
The Economy 3 Year Basic Saver will suit anyone looking for an introductory variable rate loan with flexible features.
This loan will suit:
- Borrowers looking to minimise repayments in the first 3 years of their loan
- Investors and owner-occupiers looking to purchase, refinance and/or consolidate debt
Enjoy these benefits:
- Low rate
- No ongoing fees
Key Home Loan Features
Who is this home loan for?
Owner-occupied and investment property purchases, re-financing existing loans.
How much can you borrow with this loan?
From $50,000 to $1,000,000 per security property
What is the maximum amount I can borrow against the value of my property?
90% (conditions apply)* Where the borrowing is for a new loan, the LMI premium can be capitalised to bring the LVR above 90% to a maximum of 95%.
Are there ongoing fees?
No
Is Lenders Mortgage Insurance payable?
Lenders Mortgage Insurance is payable if the amount borrowed is greater than $600K and/or the LVR is greater than 80% of the value of the property (conditions apply)*
The maximum loan term?
30 Years
Can I make interest only repayments?
Yes, up to 10 years
Repayment frequency
Weekly, fortnightly or monthly by electronic direct debit or direct salary credit.
Can I split the loan?
Yes, up to 6 separate splits per facility.
Is there a re-draw facility?
Yes, unlimited re-draw at no cost. $100 minimum re-draw amount.
Internet Banking
Yes, both Internet banking and telephone banking available