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firstmac Green Offset 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
3.89% p.a.variable for 60 months and then 4.49% p.a.
Comparison Rate
4.32% p.a.
Service fee
$0.00
Upfront fee
$720
Rate
4.24% p.a.variable for 60 months and then 4.84% p.a.
Comparison Rate
4.47% p.a.
Service fee
$0.00
Upfront fee
$720
Rate
4.09% p.a.variable for 60 months and then 4.69% p.a.
Comparison Rate
4.52% p.a.
Service fee
$0.00
Upfront fee
$720
Rate
4.34% p.a.variable for 60 months and then 4.94% p.a.
Comparison Rate
4.77% p.a.
Service fee
$0.00
Upfront fee
$720

Mozo editorial review firstmac Green Offset Variable Home Loan - last updated: 8 July 2022

binocular icon
What's hot
  • 5 year intro rate of 3.24% p.a. (3.67% p.a. comparison rate*)
  • Free extra repayments, redraw facility and offset account
  • No ongoing fees
What's not
  • $720 in upfront fees
Mozo snapshot

If you have an environmentally-friendly home, you can take advantage of a discounted introductory variable rate with Firstmac's Green Offset Variable home loan. Owner occupiers will receive a 3.24% p.a. variable rate (3.67% p.a. comparison rate*) for five years before it increases by 0.40%. There are also several features to help you save on interest, including an offset account and the ability to make free extra loan repayments.

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Key features

The Green Offset Variable home loan from Firstmac leaves very little off the table. Available for borrowers whose properties have been built within the last 12 months and have a 7.0 Star minimum NatHERS rating, interest rates start at 3.24% p.a. (3.67% p.a. comparison rate*). This rate is available for the first five years of the loan, after which it will increase by 0.60% to 3.84% p.a.. 

As the name suggests, the home loan comes with a free offset account, which can help you save on interest if utilised correctly. Borrowers will also be able to make extra contributions on top of their scheduled repayments, and retrieve them using the free redraw facility.

snapshot
Who is it good for

This home loan could suit those with newly built green homes who are looking to take advantage of a full-featured home loan with a competitive introductory rate.

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Any catches

There are a number of fees you’ll have to budget for, including the $200 legal fee, $220 valuation fee and $300 settlement fee. Your home loan application is also subject to approval by Firstmac and cannot be for a variation, a split, or a further advance. You must also settle your home loan with a reasonable timeframe, typically within 60 days of receiving your loan documents.

Details

Rates and fees information correct as at 14 August 2022. 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

4.49% p.a.

3.89% p.a.

60 Months

Variable

4.32% 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

yes

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 14 August 2022. 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

4.84% p.a.

4.24% p.a.

60 Months

Variable

4.47% 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

yes

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 14 August 2022. 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

4.69% p.a.

4.09% p.a.

60 Months

Variable

4.52% 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

yes

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 14 August 2022. 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

4.94% p.a.

4.34% p.a.

60 Months

Variable

4.77% 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

yes

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.