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firstmac Green Basic Variable Home Loan

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan between $50,000 and $2,000,000 with an LVR below 90%

The details shown below are for an owner occupier taking out a interest only loan between $50,000 and $2,000,000 with an LVR below 90%

The details shown below are for an investor taking out a principal & interest loan between $50,000 and $2,000,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan between $50,000 and $2,000,000 with an LVR below 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 90%

    Loan: $50,000 $2,000,000

  • Owner Occupier (Interest Only)

    LVR < 90%

    Loan: $50,000 $2,000,000

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $50,000 $2,000,000

  • Investor (Interest Only)

    LVR < 90%

    Loan: $50,000 $2,000,000

Rate
2.19% p.a.variable for 60 months and then 2.59% p.a.
Comparison Rate
2.48% p.a.
Service fee
$0.00
Upfront fee
$720
Rate
2.49% p.a.variable for 60 months and then 2.89% p.a.
Comparison Rate
2.78% p.a.
Service fee
$0.00
Upfront fee
$720
Rate
2.44% p.a.variable for 60 months and then 2.84% p.a.
Comparison Rate
2.73% p.a.
Service fee
$0.00
Upfront fee
$720
Rate
2.64% p.a.variable for 60 months and then 3.04% p.a.
Comparison Rate
2.93% p.a.
Service fee
$0.00
Upfront fee
$720

Mozo editorial review firstmac Green Basic Variable Home Loan - last updated: 20 May 2021

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What's hot
  • 5 year intro rate of 2.19% p.a. (2.48% p.a. comparison rate*) for homes with a 7.0 Star NatHERS rating
  • No ongoing fees
  • Free extra repayments and redraw facility
What's not
  • $220 valuation fee
  • $300 discharge fee
Mozo snapshot

The Green Basic Variable from Firstmac rewards the eco conscious by offering discounted rates for green homes. So long as you have a certificate indicating your home has a minimum 7.0 Star NatHERS rating, you’ll be eligible to receive a 0.40% discount for 5 years, giving you an interest rate of 2.19% p.a. (2.48% p.a. comparison rate*).

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Key features

The Firstmac Green Basic Variable home loan offers a discounted interest rate of 2.19% p.a. (2.48% p.a. comparison rate*), available for 5 years, if your home is deemed energy efficient. To qualify, the property must have been built within the last 12 months, and have a minimum 7.0 Star rating from the Nationwide House Energy Rating Scheme (NatHERS).

You’ll be able to make additional repayments without facing penalty, allowing you to potentially pay off your loan sooner than expected. And if you decide you’d like some of those extra funds back in your pocket, the redraw facility will allow you to retrieve them. 

There’s also the option to split your loan, meaning you can elect a portion of your loan to be variable rate and the rest fixed. Unfortunately, the Green Basic Variable doesn’t come with an offset account. If this is among your must-haves, the Green Offset Variable from Firstmac might be worth a look.

snapshot
Who is it good for

This product could be a good pick for those after a streamlined home loan which rewards homeowners for having an environmentally-friendly home.

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Any catches

While there aren’t any ongoing fees you’ll have to worry about, the Green Basic Variable does come with several one off fees, and they can be quite hefty. These include the $220 valuation fee, $200 legal fee, and $300 settlement fee.

Details

Rates and fees information correct as at 21 October 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.59% p.a.

2.19% p.a.

60 Months

Variable

2.48% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$200.00

$220.00

$300.00

n/a

$0.00

$550.00

Other financial bits

$50,000

$2,000,000

none

90.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$0.00

yes

no

Available for new properties built within the last 12 months with a 7.0 Star minimum NatHERS rating.

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.

Details

Rates and fees information correct as at 21 October 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.89% p.a.

2.49% p.a.

60 Months

Variable

2.78% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$200.00

$220.00

$300.00

n/a

$0.00

$550.00

Other financial bits

$50,000

$2,000,000

none

90.00%

Features

Owner Occupier

Interest Only

Monthly

yes - free

no

yes - free

$0.00

yes

no

Available for new properties built within the last 12 months with a 7.0 Star minimum NatHERS rating.

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.

Details

Rates and fees information correct as at 21 October 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.84% p.a.

2.44% p.a.

60 Months

Variable

2.73% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$200.00

$220.00

$300.00

n/a

$0.00

$550.00

Other financial bits

$50,000

$2,000,000

none

90.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$0.00

yes

no

Available for new properties built within the last 12 months with a 7.0 Star minimum NatHERS rating.

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.

Details

Rates and fees information correct as at 21 October 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

3.04% p.a.

2.64% p.a.

60 Months

Variable

2.93% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$200.00

$220.00

$300.00

n/a

$0.00

$550.00

Other financial bits

$50,000

$2,000,000

none

90.00%

Features

Investor

Interest Only

Monthly

yes - free

no

yes - free

$0.00

yes

no

Available for new properties built within the last 12 months with a 7.0 Star minimum NatHERS rating.

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.

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About firstmac

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.