If you borrow up to 80% of the property's value for a loan between $150,000-$2,000,000, you'll be eligible for Beyond Bank's super low 3.73% variable interest rate (3.73% 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 no application, legal, valuation or settlement fees. Just make sure you budget for the $295 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 3.73% with no upfront or ongoing fees, free online redraw, free offset account and unlimited additional repayments.
Keep in mind, the special rate of 3.73% is only available for owner occupied principal and interest loans up to 80% LVR.