Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
|
|
Investor | Principal & Interest | < 70% | $20,000 | $1,500,000 |
|
|
Investor | Principal & Interest | 70%-90% | $20,000 | $1,500,000 |
|
|
Investor | Interest Only | < 80% | $20,000 | $1,500,000 |
Looking to add a house or apartment to your investment portfolio? With variable rates from 6.29% p.a. (6.30% p.a. comparison rate*), the Basic Investment Home Loan may be the loan to help you do just that. It also has flexible repayment options and is available for loans up to $1.5 million.
The Basic Investment Home Loan has a number of great features, but the first thing you may want to look at is the interest rate. If you decide on the principal and interest option, the interest rate is 6.29% p.a. (6.30% p.a. comparison rate*) for loan-to-value ratios (LVRs) up to 70%, while the interest only option has an interest rate of 6.69% p.a. (6.48% p.a. comparison rate*) for LVRs up to 80%.
Paying off your loan early can be an excellent way to save interest, but sometimes extra fees can make doing so a little less appealing. But this isn’t a problem with the bcu Basic Investment Home Loan, as you can make as many extra repayments as you want, for free! Plus, if you need redraw some of these early repayments you can also do so for free, although you’ll need to redraw at least $1,000 at a time.
And while finding the right repayment schedule to pay off a home loan and still manage all your other commitments can sometimes be a bit of a pain the Basic Investment Home Loan allows you to choose between weekly, fortnightly or monthly repayments.
Investors looking for a loan of up to $1.5 million, with the chance to make additional repayments free of charge might want to take a look at the bcu Basic Investment Home Loan.
While there are no upfront or ongoing fees, when you budget for your home loan, keep in mind the $395 discharge fee.
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6.29% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.32% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$300.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$395.00 |
|
$20,000 |
|
|
$1,500,000 |
|
|
none |
|
|
70.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
none |
|
|
yes - free |
|
|
$0.00 |
|
|
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.
|
6.39% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.42% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$300.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$395.00 |
|
$20,000 |
|
|
$1,500,000 |
|
|
70.00% |
|
|
90.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
none |
|
|
yes - free |
|
|
$0.00 |
|
|
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.
|
6.69% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.72% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$300.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$395.00 |
|
$20,000 |
|
|
$1,500,000 |
|
|
none |
|
|
80.00% |
|
Investor |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
none |
|
|
yes - free |
|
|
$0.00 |
|
|
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.
Home Value Loan
6.09% p.a. variable
6.09% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
Elevate
6.09% p.a. variable
6.20% p.a.
Elevate
6.09% p.a.
6.20% p.a.
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
Basic Home Loan (Fixed)
6.09% p.a.
fixed 3 years
6.19% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
Home Value Loan
6.09% p.a.
6.09% p.a.
$0.00
Elevate
6.09% p.a.
6.20% p.a.
$0.00
First Home Buyer Loan
5.90% p.a.
5.93% p.a.
$0.00
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.
