BIDeloan SMARTeloan

3.39% p.a.

3.76% p.a.

$345.00 yearly

3.59% p.a.

3.95% p.a.

$345.00 yearly

3.69% p.a.

3.88% p.a.

$345.00 yearly

3.79% p.a.

4.15% p.a.

$345.00 yearly

3.99% p.a.

4.35% p.a.

$345.00 yearly

4.09% p.a.

4.23% p.a.

$345.00 yearly

4.29% p.a.

4.47% p.a.

$345.00 yearly

BIDeloan SMARTeloan Review

Rates and fees information correct as at 21 April 2018.

Review published: 23 March 2018

What's hot:

  • 3.39% interest rate for owner occupiers

  • Free extra repayments and redraw

  • Offset account

What's not:

  • $1,499 application fee

  • $345 annual service fee

Mozo snapshot:

Getting the most out of your home loan requires a good interest rate. This is exactly what the BIDeloan SMARTeloan is bringing to the table, with a variable rate as low as 3.39% for owner occupiers. As far as fees are concerned, the mains ones are a $1,499 application fee and $345 annual fee, although these can be justified by numerous features like the split rate option and offset account, as well as the free extra repayments and redraw facility.

Key features:

The most important aspect of any home loan is arguably the interest rate, so you want to make sure you have a good one. At BIDeloan they've replaced commissions with fixed fees, which means you can access low, wholesale rates. 

Rates start as low as 3.39% (3.76% comparison rate) but keep in mind this may change depending on your LVR, the kind of repayments you're making and whether you're an investor or not.

With this loan you’re able to borrow between $150,000 and $1,500,000, with a maximum LVR of 80%. BIDeloan also lets you choose between paying off your loan weekly, fortnightly or monthly.

Find yourself wanting to pay make some extra repayments, but worried about the fees? Well, don’t be, as you can make as many extra repayments as you want for free. You can redraw that money for no extra cost too.

If you’re looking to have part of your loan be a fixed rate and part of your loan be a variable rate, then you’ll be happy to find out this loan offers a split rate option. It also comes with an offset account if you want access to money, while lowering your interest amount.

Who it's good for:

The loan is good for investors and homeowners who want to utilise the range of features this loan offers to offset all the fees that it comes with. There's also the option to bundle your investment and owner-occupier loans together.

Any catches?

The BIDeloan SMARTeloan comes with a number of fees, which need to be considered before agreeing to this loan, including a $345 annual fee and a $1,499 application fee.

The Mozo community has not yet rated BIDeloan for this home loan.

Currently showing

Rates

  • 3.39% p.a.

  • n/a

  • 0 Months

  • none

  • 3.76% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $1,499.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $345.00 yearly

  • $300.00

Other financial bits

  • $150,000

  • $1,500,000

  • none

  • 80.00%

Features

  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $200.00

  • yes

  • yes

  • none

  • none

Rates

  • 3.59% p.a.

  • n/a

  • 0 Months

  • none

  • 3.95% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $1,499.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $345.00 yearly

  • $300.00

Other financial bits

  • $150,000

  • $1,500,000

  • 80.00%

  • 90.00%

Features

  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $200.00

  • yes

  • yes

  • none

  • none

Rates

  • 3.69% p.a.

  • n/a

  • 0 Months

  • none

  • 3.88% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $1,499.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $345.00 yearly

  • $300.00

Other financial bits

  • $150,000

  • $1,500,000

  • none

  • 80.00%

Features

  • Owner Occupier

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $200.00

  • yes

  • yes

  • Maximum interest only period 5 years.

  • none

Rates

  • 3.79% p.a.

  • n/a

  • 0 Months

  • none

  • 4.15% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $1,499.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $345.00 yearly

  • $300.00

Other financial bits

  • $150,000

  • $1,500,000

  • none

  • 80.00%

Features

  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $200.00

  • yes

  • yes

  • none

  • none

Rates

  • 3.99% p.a.

  • n/a

  • 0 Months

  • none

  • 4.35% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $1,499.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $345.00 yearly

  • $300.00

Other financial bits

  • $150,000

  • $1,500,000

  • 80.00%

  • 90.00%

Features

  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $200.00

  • yes

  • yes

  • none

  • none

Rates

  • 4.09% p.a.

  • n/a

  • 0 Months

  • none

  • 4.23% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $1,499.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $345.00 yearly

  • $300.00

Other financial bits

  • $150,000

  • $1,500,000

  • none

  • 80.00%

Features

  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $200.00

  • yes

  • yes

  • Maximum interest only period 10 years.

  • none

Rates

  • 4.29% p.a.

  • n/a

  • 0 Months

  • none

  • 4.47% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $1,499.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $345.00 yearly

  • $300.00

Other financial bits

  • $150,000

  • $1,500,000

  • 80.00%

  • 90.00%

Features

  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $200.00

  • yes

  • yes

  • Maximum interest only period 10 years.

  • 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.

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