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 60%
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 60%
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 | < 60% | $50,000 | |
| | Investor | Principal & Interest, Interest Only | < 60% | $50,000 | |
| | Owner Occupier | Principal & Interest, Interest Only | < 95% | $50,000 | |
| | Investor | Principal & Interest, Interest Only | < 95% | $50,000 |
Owner Occupier (Principal & Interest, Interest Only)
LVR < 60%
Loan: $50,000
Investor (Principal & Interest, Interest Only)
LVR < 60%
Loan: $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 1.95% p.a. (3.44% p.a. comparison rate*) for owner-occupiers with a deposit of 40%, 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. The maximum LVR for the advertised rates is 60%, meaning you'll need to have 40% of a property's value saved up for a deposit, but higher rates are available on loans with an LVR of 95%.
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 on loans with an LVR of 60%:
Owner-Occupier loans:
Investor loans:
You’ll also have the choice of making either weekly, fortnightly or monthly repayments, so you can set up your regular repayments to suit your budget and lifestyle. The loan also comes with a few more flexible features, like a handy split account option which allows you 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.
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
1.95% (3.44%*)
1.95% (3.31%*)
2.00% (3.20%*)
2.50% (3.24%*)
2.55% (3.19%*)
n/a
n/a
3.54% p.a.
$600.00
$0.00
$0.00
$0.00
n/a
$0.00
$250.00
$50,000
none
none
60.00%
Weekly, Fortnightly, Monthly
no
no
no
none
yes
no
none
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
n/a
n/a
n/a
n/a
2.35% (3.93%*)
2.35% (3.78%*)
2.40% (3.66%*)
2.75% (3.66%*)
2.85% (3.61%*)
n/a
n/a
4.04% p.a.
$600.00
$0.00
$0.00
$0.00
n/a
$0.00
$250.00
$50,000
none
none
60.00%
Weekly, Fortnightly, Monthly
no
no
no
none
yes
no
none
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
n/a
n/a
n/a
n/a
2.28% (3.47%*)
2.28% (3.36%*)
2.30% (3.27%*)
2.80% (3.34%*)
2.80% (3.29%*)
n/a
n/a
3.54% 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
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
n/a
n/a
n/a
n/a
2.70% (3.96%*)
2.70% (3.85%*)
2.70% (3.74%*)
3.00% (3.74%*)
3.10% (3.71%*)
n/a
n/a
4.04% 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
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
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.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
Bank of Queensland
Fixed Rate
2.09% p.a.
fixed 3 years
3.01% p.a.
People's Choice Credit Union
Fixed Rate Home Loan (Package)
1.99% p.a.
fixed 3 years
3.64% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
Bank of Queensland
Economy
2.59% p.a.
2.76% p.a.
Bank of Queensland
Fixed Rate
2.09% p.a.
fixed 3 years
3.01% p.a.
People's Choice Credit Union
Fixed Rate Home Loan (Package)
1.99% p.a.
fixed 3 years
3.64% p.a.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
