The details shown below are for an owner occupier taking out a principal & interest, interest only loan of at least $50,000 with an LVR below 95%
The details shown below are for an investor taking out a principal & interest, interest only loan of at least $50,000 with an LVR below 95%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest, Interest Only | < 95% | $50,000 | |
| | Investor | Principal & Interest, Interest Only | < 95% | $50,000 |
Owner Occupier (Principal & Interest, Interest Only)
LVR < 95%
Loan: $50,000
Investor (Principal & Interest, Interest Only)
LVR < 95%
Loan: $50,000
If you’re looking for the right home loan to lock in your dream house then you’ve come to the right place! With 1-5 year fixed loan term options and competitive fixed rates starting from 2.85% p.a. (4.68% p.a. comparison rate*) for owner-occupiers, a low 5% minimum deposit requirement, and a split account option to top it all off, the 2020 Mozo Experts Choice Award winning Abal Banking Fixed Rate Home Loan just might do the trick!
The Abal Banking Fixed Rate Home Loan kicks things off with flexible 1-5 year fixed term options on loan amounts of $50,000 or more, with a 95% maximum LVR, which means you’ll be able to borrow with a deposit as low as 5%.
The loan offers competitive fixed interest rates for both owner-occupiers and investors, but keep in mind that the interest rate you get will depend on the loan term you choose. Here are the interest rates that are up for grabs according to the different rate tiers:
Owner-Occupier loans:
Investor loans:
With the Abal Banking Fixed Rate Home Loan, you’ll have the choice of either weekly, fortnightly or monthly repayments, so you can set up your regular repayments to suit your budget and lifestyle.
To add to this, the loan also comes with a few other flexible features, like a handy split account option which means you’ll be able to split your rate between fixed and variable rates.
From its competitive fixed rates on a wide range of loan term options and flexible features, there’s a lot to love about the Abal Banking Fixed Rate Home Loan.
Not to mention, with a low 5% minimum deposit requirement, this could be a great home loan option for Aussie borrowers who only have a small deposit saved up.
If you’re thinking of going with the Abal Banking Fixed Rate Home Loan, be aware that you’ll need to budget for the $600 application fee and $250 discharge fee.
n/a
n/a
n/a
n/a
2.28% (4.82%*)
2.28% (4.58%*)
2.30% (4.36%*)
2.80% (4.33%*)
2.80% (4.17%*)
n/a
n/a
5.04% p.a.
$600.00
$0.00
$0.00
$0.00
n/a
$0.00
$250.00
$50,000
none
none
95.00%
Weekly, Fortnightly, Monthly
no
no
no
none
yes
no
none
none
none
n/a
n/a
n/a
n/a
2.70% (4.86%*)
2.70% (4.65%*)
2.70% (4.47%*)
3.00% (4.39%*)
3.10% (4.29%*)
n/a
n/a
5.04% p.a.
$600.00
$0.00
$0.00
$0.00
n/a
$0.00
$250.00
$50,000
none
none
95.00%
Weekly, Fortnightly, Monthly
no
no
no
none
yes
no
none
none
none
Arab Bank of Australia is a wholly owned subsidiary of Arab Bank plc which has been operating in Australia since 1986. With branches in the Sydney Metropolitan district and in Melbourne, the Bank&'s mission is "to be a relationship bank delivering superior service and excellence in selected products". Check out their competitive home loans and transaction and savings accounts, which will give you unlimited number of free ATM transactions at over 3,100 rediATMs across the country, as well as their term deposits and personal loans.
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