Economizer Construction

1.99%p.a. Variable

2.04% p.a. Comparison*

Reduce Home Loans is one of Australia’s most awarded home loan provider

Why stick with the banks when you can access thousands of dollars in savings with one of Australia’s most awarded home loan provider.

We’re hell-bent on offering the lowest interest rates possible to homeowners across Australia – it’s the reason we get up in the mornings!

On average, Reduce saves^ refinancers $3,120 a year in interest repayments.

That’s $15,600 over 5 years!

THE BASICS
Rate	1.99% p.a. Variable 2.04%* p.a. Comparison
Purpose	Owner Occupied
Eligibility	Personal Company Unit Discretionary Trust
Minimum Amount	$50,000
Maximum Amount	≤ 65% LVR $5,000,000 ≤ 70% LVR $4,500,000 ≤ 75% LVR $4,000,000 ≤ 80% LVR $3,500,000 Max loan amount may vary depending on the loan purpose, postcode, and other factors Refer to your Reduce Finance Manager for loan amount policy
LVR	80%
Loan Term	Up to 30 years
Rate Options	Variable
Available for Construction	Yes Refer to your Finance Manager for upfront construction fees and policy
FEATURES
Multiple Accounts	Optional 100% offset account available at $10/month Loan splits available
Redraw Facility	Yes. No minimum via electronic transfer
Account Access	Internet & Phone transfer access to nominated account
Statements	Half yearly
REPAYMENTS
Type	Principal & Interest Interest Only during construction period
Frequency	Via Direct Debit - Weekly, Fortnightly or Monthly
Methods	Direct Debit Salary Credit
Additional Repayments	Variable Rate – Extra repayments may be made at any time without penalty
FEES
Application Fee	$0
Establishment Fee	$0
Third Party Valuation Fee	At cost Estimate $250
Third Party Legal / Funder Fees	At cost Estimate $297 Does not cover government charges, disbursements, funder's contract processing fee & PEXA Fee
Annual Fee	$0
Monthly Fee	$0 Optional offset account is $10/month
Settlement Fee	$0
Other Upfront Fees	Construction fees apply Speak to your Reduce Personal Finance Manager for construction fees and policy