Economizer Variable 80

Owner Occupied Home Loan

6.29% p.a. Variable

6.35% p.a. Comparison*

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
    Rate6.29% p.a. Variable
    6.35%* p.a. Comparison

    ^Loans over $1,000,000:
    6.31%* 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 0.20% 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$440
    Loans >$1M $0
    Establishment Fee$0
    Third Party Valuation FeeAt cost
    Estimate $250

    Loans >$1M $0 up to $1,000
    Third Party Legal & Funder Fees$0 professional legal fee.
    disbursements payable

    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 settlement fee & PEXA Fee
    Annual Fee$0
    Monthly Fee$0
    Optional offset account is $10/month
    Settlement Fee$480 Settlement fee includes up to $330 professional legal fee.
    disbursements payable
    Loans >$1M $0 covering up to $330 professional legal fee.
    disbursements payable
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