Beyond Bank Low Rate Special Variable Home Loan

Mozo snapshot:

Beyond Bank goes beyond the norm with its Special Rate Variable Home Loan that offers enticing variable rates from 3.47% (3.47% comparison rate*). There are no upfront or ongoing fees and plenty of flexible features like their free extra repayments and redraw facility that can help you pay off your loan earlier. However, ending the loan either by refinancing or paying it off will come with a $350 discharge fee.

Key features:

The Beyond Bank Low Rate Special Variable Home Loan has principal and interest options for both owner occupiers and investors. On top of this, investors will also be able to get an interest only home loan.

If you borrow up to 80% of the property's value for a loan between $150,000-$2,000,000, you may be eligible for Beyond Bank's super low 3.47% variable interest rate (3.47% comparison rate*) on its Special Rate Variable Home Loan. The special rate is available to first home buyers and owner occupiers that make principal and interest repayments. 

With the Special Rate Variable Home Loan you'll receive a great range of features, including a 100% offset account, extra repayments and a redraw facility (min $500 redraw). 

And what makes the Special Rate Variable Home Loan a true winner is the lack of fees, as there's ongoing fees, no upfront fees and no valuation fee. Just make sure you budget for the $350 discharge fee that you'll have to pay at the end of the home loan period.

Tech-savvy? Then apply online and Beyond Bank promises a quick response within 2 hours (between 7am to 10pm weekdays and 9am to 10pm on weekends).

Who it's good for:

Owner occupiers looking for a special low variable rate of 3.47% (3.47% comparison rate*) with no upfront or ongoing fees, free online redraw, free offset account and unlimited additional repayments.