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 |
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 6.19% p.a. variable rate (6.86% p.a. comparison rate*) for five years before it increases by 0.95%. There are also several features to help you save on interest, including an offset account and the ability to make free extra loan repayments.
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 6.19% p.a. (6.86% p.a. comparison rate*). This rate is available for the first five years of the loan, after which it will increase by 0.95% to 7.14% 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.
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.
There are a number of fees you’ll have to budget for, including the $500 legal fee, $221 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.
7.14% p.a. |
|
6.19% p.a. |
|
60 Months |
|
Variable |
|
6.80% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$500.00 |
|
$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 |
|
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.
7.14% p.a. |
|
6.69% p.a. |
|
60 Months |
|
Variable |
|
7.02% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$500.00 |
|
$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 |
|
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.
7.14% p.a. |
|
6.59% p.a. |
|
60 Months |
|
Variable |
|
6.98% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$500.00 |
|
$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 |
|
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.
7.14% p.a. |
|
6.69% p.a. |
|
60 Months |
|
Variable |
|
7.02% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$500.00 |
|
$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 |
|
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.
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.
Elevate
6.09% p.a.
6.20% 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.
Home Value Loan
6.09% p.a.
6.09% p.a.
$0.00
Elevate
6.09% p.a.
6.20% p.a.
$0.00
First Home Buyer Loan
5.90% p.a.
5.93% 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.