New Loan Advantage Rate Loan
-
variable rate
6.69 % -
comparison rate
6.73%
-
ongoing fee
$0.00
-
upfront fee
$395
Rates
- Variable rate
- 6.69%
- Intro rate
- none
- Intro rate term
- none
- Intro rate type
- Variable
- Comparison Rate*
- 6.73%
- Fixed 1 year rate
- none
- Fixed 2 year rate
- none
- Fixed 3 year rate
- none
- Fixed 4 year rate
- none
- Fixed 5 year rate
- none
- Fixed 7 year rate
- none
- Fixed 10 year rate
- none
- Fixed loan revert rate
- none
Fees
- Application fee
- $0.00
- Legal fee
- $0.00
- Valuation fee
- $0.00
- Settlement fee
- $395.00
- Other upfront fee (% of loan)
- none
- Service fee
- $0.00
- Exit fee
- $500
Features
- Repayment Frequency
- Weekly, Fortnightly, Monthly, A
- Extra repayments
- yes
- Repayment holidays
- no
- Redraw facility
- yes
- Minimum redraw amount
- none
- Split account
- yes
- Offset account
- none
- Other restrictions
- none
- Other benefits
- Settlement fee of $150 if loan is more than $500,000
Other financial bits
- Minimum loan amount
- $50,000
- Maximum loan amount
- $2,000,000
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New Loan
New-Loan is a mortgage manager with the Firstfolio Group, an ASX listed financial services company. They manage over $18 Billion in mortgages putting them in the top 5 non-bank mortgage managers in Australia. They source their funds through a variety of wholesale lenders giving them stability and the ability to offer market leading rates. New-Loan understands rate and service are critical when choosing a loan, and with no branches and low operating costs, they can pass on the best deal to you.
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