Hunter United New Year New Home Loan

3.79% p.a.

3.91% p.a.

$8.00 monthly

3.79% p.a.

3.89% p.a.

$8.00 monthly

3.79% p.a.

3.91% p.a.

$8.00 monthly

Hunter United New Year New Home Loan Review

Rates and fees information correct as at 22 January 2017.

Review published: 3 September 2015

What's hot:

  • Low 3.79% variable rate

  • Extra repayments facility

  • Offset account available

What's not:

  • $8 monthly service fee

  • Available for new loans only

Mozo snapshot:

With a competitive 3.79% variable rate and a wide range of flexible features such as an offset account and extra repayments facility, it’s easy to see why Hunter United has dubbed this home loan its ‘Platinum’ offering.

Key features:

If flexible repayment options are a non negotiable for your mortgage, Hunter United’s New Year New Home Loan doesn’t disappoint. For starters, it lets you choose between weekly, fortnightly and monthly repayments. This way you can simply choose the repayment frequency that best matches your pay cycle!

Paying off your home loan sooner is easy with this home loan’s extra repayments facility which allows you to make fee free additional lump payments whenever you have any spare change. You can easily free up any funds if you need to at a later date by using a redraw facility (minimum $250), but just be aware that you’ll be charged a redraw fee if you redraw more than once a month. The Dream Home Loan - Platinum also comes with an offset account which can save you thousands in interest over the term of your loan.

While there is a competitive 3.79% variable rate, you will be charged a $8 service fee every month, so it’s a good idea to take full advantage of this loan’s money saving features.

The New Year New Home Loan is available for borrowing amounts over $300,000 and allows you to borrow up to 90% of your owner-occupied property's value. Like most home loans, you will have to pay the necessary loan set up fees (i.e. application $350) and the maximum loan term is 30 years.

Who it's good for:

Owner occupiers and seasoned property investors who want flexible repayment options and have their eyes set on a property worth more than $300,000.

Any catches?

Because the New Year New Home Loan is a variable rate home loan, it doesn’t safeguard you against future interest rate rises like a fixed home loan does, so you’ll need to get into the habit of checking rates to make sure your rate remains competitive over the life of your loan.

The Mozo community has not yet rated Hunter United for this home loan.

Currently showing

Rates

  • 3.79% p.a.

  • n/a

  • 0 Months

  • none

  • 3.91% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $350.00

  • none

  • none

  • none

  • none

  • $8.00 monthly

  • $80.00

Other financial bits

  • $300,000

  • none

  • none

  • 90.00%

Features

  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • yes - 1st redraw per month free

  • $250.00

  • yes

  • yes

  • Legal fee and valuation fee are at cost.

  • Receive $500 cashback when your home loan settles, 1 free redraw a month

Rates

  • 3.79% p.a.

  • n/a

  • 0 Months

  • none

  • 3.89% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • none

  • none

  • none

  • none

  • $8.00 monthly

  • $80.00

Other financial bits

  • $300,000

  • none

  • none

  • 90.00%

Features

  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • yes - 1st redraw per month free

  • $250.00

  • yes

  • yes

  • none

  • Receive $500 cashback when your home loan settles, 1 free redraw a month

Rates

  • 3.79% p.a.

  • n/a

  • 0 Months

  • none

  • 3.91% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $350.00

  • none

  • none

  • none

  • none

  • $8.00 monthly

  • $80.00

Other financial bits

  • $300,000

  • none

  • none

  • 80.00%

Features

  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • yes - 1st redraw per month free

  • $250.00

  • yes

  • yes

  • Legal fee and valuation fee are at cost.

  • 1 free redraw a month

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.

* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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