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Hunter United Interest Only Home Loan

The details shown below are for an owner occupier taking out a interest only loan of at least $300,000 with an LVR below 80%

The details shown below are for an investor taking out a interest only loan of at least $300,000 with an LVR below 80%

Choose the version of this loan that suits you best

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $300,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $300,000

Rate
3.49% p.a.
Comparison Rate*
3.49% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.69% p.a.
Comparison Rate*
3.69% p.a.
Service fee
$0.00
Upfront fee
$0

Mozo editorial review Hunter United Interest Only Home Loan

Last updated: 13 September 2019.

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What's hot
  • No ongoing fees
  • Unlimited free extra repayments
  • First redraw per month is free
What's not
  • $250 minimum redraw
Mozo snapshot

The Hunter United Interest Only Home Loan offers fast approval on loans of at least $300,000. There are very few fees and the loan comes with the option to make unlimited extra repayments and even take a repayment holiday. There’s also a redraw facility; just keep in mind that only the first redraw of the month is free.

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Key features

The Hunter United Interest Only Home Loan allows you to pay off the interest on your loan for terms of up to 2 years. It’s available for owner occupiers and investors, and if an interest only home loan is what you’re after, the rates on offer are quite competitive.

As a new owner occupier taking out a loan of $300,000 or more you won’t have to pay any application or valuation fees; those fees only apply if you’re refinancing an existing Hunter United loan. And beyond that you’ll only have to worry about the $80 discharge fee, which should hardly put a dent in your budget.

As for features, this home loan comes with a redraw facility, but only your first redraw of the month is free. Repayments can be made weekly, fortnightly or monthly, and you can easily set up auto-payments to make sure you don’t fall behind.

Extra repayments can be made at no extra cost to you, and you’ll also be able to take a repayment holiday if your financial circumstances change and you need to ease the burden a bit.

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Who is it good for

The Hunter United Interest Only Home Loan is good for property investors and anyone looking to buy a home to live in, who also wants to keep the cost of their monthly repayments low for a little while.

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Any catches

While this loan does come with a redraw facility, there are a few conditions. There’s a minimum redraw of $250, and only the first redraw of the month is free.

Details

Rates and fees information correct as at 24 October 2020. 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
  • 3.49% p.a.

  • n/a

  • n/a

  • n/a

  • 3.49% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $80.00

Other financial bits
  • $300,000

  • none

  • none

  • 80.00%

Features
  • Owner Occupier

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • yes - 1st redraw per month free

  • $250.00

  • yes

  • no

  • Legal fee is charged at cost. 2 year variable rate IO repayments term, loan must be refinanced to another loan product at end of period.

  • 1 free redraw a month

  • 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 24 October 2020. 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
  • 3.69% p.a.

  • n/a

  • n/a

  • n/a

  • 3.69% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $80.00

Other financial bits
  • $300,000

  • none

  • none

  • 80.00%

Features
  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • yes - 1st redraw per month free

  • $250.00

  • yes

  • no

  • Legal fee is charged at cost. 5 year variable rate IO repayments term, loan must be refinanced to another loan product at end of period.

  • 1 free redraw a month

  • 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.

Customer Reviews

How are Hunter United home loans rated by the Mozo community?

Overall
8.2/10
Price
9.5/10
Features
9.2/10
Customer service
8.3/10
Convenience
7.8/10
Trust
8.0/10
Hunter United

About Hunter United

Hunter United is a community based financial institution that serves the Hunter Valley region. Hunter United is a conservative and responsible lender that specialises in providing valued financial services to its customers. The financial services that Hunter United offers include savings, loans, credit cards and investment products. Hunter United offers competitive rates to both borrowers and lenders within its banking, insurance and superannuation services.

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