Homeloans360 Investment Variable

Key features

There’s a lot to like about the Prime Investment Variable home loan from Homeloans360, but let’s start with the basics. 

The loan is available to investors looking to borrow between $100,000 - $5,000,000 who are willing to make principal and interest repayments on their loan and there are two competitive variable interest rates available depending on the loan-to-value ratio (LVR) of the borrower: 

• 2.39% (2.39% comparison rate*) for LVRs below 75%

• 2.54% (2.54% comparison rate*) for LVRs between 75% and 80%

Homeloans360 also provides plenty of loan flexibility. Repayments can be made on a weekly, fortnight or monthly basis, extra repayments can be made towards the loan balance and borrowers can dip into those additional repayments in the future (should they choose to) using the online redraw facility. There’s even an offset account attached! 

As mentioned above, the Prime Investment Variable home loan is also pretty light on fees as there’s no ongoing service fee and no on-off upfront fees. The only fee borrowers will need to watch out for is the $300 discharge fee. 

Who is it good for

The Prime Investment Variable home loan from Homeloans360 could be a low cost, feature-rich mortgage option for investors lining up their next property purchase or refinancing an existing investment loan. 

Any catches

Just remember that there’s no interest-only repayment option with the loan, so you’ll need to be comfortable making principal and interest repayments. And as the name implies, it’s also only available to investors, so owner occupiers interested in comparable loans from Homeloans360 may be interested in the Fixed or Owner Variable offers.