Choose the version of this loan that suits you best
Availability | Loan type | LVR | Min loan amount | Max loan amount | |
---|---|---|---|---|---|
|
Owner Occupier | Principal & Interest | < 90% | $50,000 | $2,000,000 |
|
Owner Occupier | Interest Only | < 80% | $50,000 | $2,000,000 |
|
Investor | Principal & Interest | < 90% | $50,000 | $2,000,000 |
|
Investor | Interest Only | < 90% | $50,000 | $2,000,000 |
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 0.95% discount for 5 years, giving you an interest rate of 6.09% p.a. (6.76% p.a. comparison rate*).
The Firstmac Green Basic Variable home loan offers a discounted interest rate of 6.09% p.a. (6.76% 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.
This product could be a good pick for those after a streamlined home loan which rewards homeowners for having an environmentally-friendly home.
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 $221 valuation fee, $200 legal fee, and $300 settlement fee.
7.14% p.a. |
|
6.09% p.a. |
|
60 Months |
|
Variable |
|
6.73% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$200.00 |
|
$220.00 |
|
$300.00 |
|
n/a |
|
$0.00 |
|
$550.00 |
$50,000 |
|
$2,000,000 |
|
none |
|
90.00% |
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.
7.14% p.a. |
|
6.59% p.a. |
|
60 Months |
|
Variable |
|
6.95% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$200.00 |
|
$220.00 |
|
$300.00 |
|
n/a |
|
$0.00 |
|
$550.00 |
$50,000 |
|
$2,000,000 |
|
none |
|
80.00% |
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.
7.14% p.a. |
|
6.49% p.a. |
|
60 Months |
|
Variable |
|
6.91% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$200.00 |
|
$220.00 |
|
$300.00 |
|
n/a |
|
$0.00 |
|
$550.00 |
$50,000 |
|
$2,000,000 |
|
none |
|
90.00% |
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.
7.14% p.a. |
|
6.59% p.a. |
|
60 Months |
|
Variable |
|
6.95% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$200.00 |
|
$220.00 |
|
$300.00 |
|
n/a |
|
$0.00 |
|
$550.00 |
$50,000 |
|
$2,000,000 |
|
none |
|
90.00% |
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.
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.
Mortgage Simplifier
6.14% p.a. variable
6.17% p.a.
Flex Home Loan
6.24% p.a. variable
6.48% p.a.
Elevate
6.09% p.a. variable
6.20% p.a.
SMSF Home Loan (Variable)
6.99% p.a. variable
7.00% p.a.
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
Elevate
6.09% p.a.
6.20% p.a.
Mortgage Simplifier
6.14% p.a.
6.17% p.a.
Flex Home Loan Fixed
5.99% p.a.
fixed 3 years
6.41% p.a.
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
Flex Home Loan Fixed
5.99% p.a.
fixed 3 years
6.41% p.a.
First Home Buyer Loan
5.90% p.a.
5.93% p.a.
$0.00
Basic Variable Home Loan
5.94% p.a.
5.99% p.a.
$0.00
First Home Buyer Advantage Plus Home Loan
5.99% p.a.
6.76% 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.