Economizer Variable

Owner Occupied Home Loan

1.99% p.a. Variable

2.04% p.a. Comparison*

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    Awarded home loans - Reduce Home Loans

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    For a limited time, borrow over $1,000,000 on the economizer and pay $0 upfront fees!

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      THE BASICS
      Rate1.99% p.a. Variable
      2.04%* p.a. Comparison

      ^Loans over $1,000,000:
      2.01%* p.a. Comparison
      PurposeOwner Occupied
      EligibilityPersonal
      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
      LVR80%
      Loan TermUp to 30 years
      Rate OptionsVariable
      Available for ConstructionYes
      Add 0.10% to rate
      Refer to your Finance Manager for construction fees
      FEATURES
      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
      REPAYMENTS
      TypePrincipal & Interest
      FrequencyVia Direct Debit - Weekly, Fortnightly or Monthly
      MethodsDirect Debit
      Salary Credit
      Additional RepaymentsVariable Rate – Extra repayments may be made at any time without penalty
      FEES
      Application Fee$0
      Establishment Fee$0
      Third Party Valuation FeeAt cost
      Estimate $250

      ^Loans over $1,000,000: $0, covers one valuation up to $1,000
      Third Party Legal & Funder FeesAt Cost
      Estimate $297
      Does not cover government charges, disbursements, funder's contract processing fee & PEXA Fee

      ^Loans over $1,000,000: $0, covers up to $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
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