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    Economizer Construction

    Variable Rate Home Loan

    2.09%p.a. Variable

    2.14% p.a. Comparison*

    • No annual fees

    • Interest Only repayments during construction

    • Optional 100% offset account

    • Unlimited extra repayments

    • Full redraw facility

    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!

    Rate1.99% p.a. Variable
    2.04%* p.a. Comparison
    PurposeOwner Occupied
    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
    Loan TermUp to 30 years
    Rate OptionsVariable
    Available for ConstructionYes
    Refer to your Finance Manager for upfront construction fees and policy
    Multiple AccountsOptional 100% offset account available at $10/month
    Loan splits available
    Redraw FacilityYes. No minimum via electronic transfer
    Account AccessInternet & Phone transfer access to nominated account
    StatementsHalf yearly
    TypePrincipal & Interest
    Interest Only during construction period
    FrequencyVia Direct Debit - Weekly, Fortnightly or Monthly
    MethodsDirect Debit
    Salary Credit
    Additional RepaymentsVariable Rate – Extra repayments may be made at any time without penalty
    Application Fee$0
    Establishment Fee$0
    Third Party Valuation FeeAt cost
    Estimate $250
    Third Party Legal / Funder FeesAt 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 FeesConstruction fees apply
    Speak to your Reduce Personal Finance Manager for construction fees and policy