MOVE Bank Lockit Home Loan (Fixed)

This product is available in different versions. Pick the right version for you here.

The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $3,000,000 with an LVR below 95%

The details shown below are for an investor taking out a principal & interest loan between $100,000 and $3,000,000 with an LVR below 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $100,000 $3,000,000

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $100,000 $3,000,000

p.a.

n/a

$0.00

MOVE Bank Lockit Home Loan (Fixed)

p.a.

n/a

$0.00

3.84% p.a.

4.76% p.a.

$0.00

MOVE Bank Lockit Home Loan (Fixed)

3.84% p.a.

4.76% p.a.

$0.00

Mozo Review   MOVE Bank Lockit Home Loan (Fixed) Review

Last updated: 17 July 2019.

What's hot:
  • Low 3.35% fixed three year rate (4.17% comparison rate*)

  • Free extra repayments (up to $10,000 annually)

  • No ongoing service fees

What's not:
  • $450 application fee

Mozo snapshot:

For many future home owners, there’s nothing more comforting than locking in your home loan rate. And if that sounds like you, why not consider the MOVE Bank Ultra Low Lockit home loan. Featuring a low 3.35% fixed three year rate (4.17% comparison rate*), no ongoing fees and free extra repayments of up to $10,000 a year, this loan works to keep costs low. 


Key features:

If you’re a first home buyer with a 5% deposit, then you might want to check out the MOVE Bank Ultra Low Lockit home loan. Other than a low fixed rate, there are no ongoing fees and free extra repayments (up to $10,000 annually), so you can put every dollar toward your loan. 

While you are expected to make your repayments on a monthly basis, there is the option to take a break from your repayments if you ever need to with a repayment holiday. Borrowers will also be able to save on interest, thanks to the offset account feature as well as take advantage of a variable rate with the split account option. 

Just keep in mind that there a considerable $450 application fee with this loan and once your fixed rate period ends, the loan will then revert to a fixed rate of 4.60%.

Who it's good for:

The MOVE Bank Ultra Low Lockit home loan could be a great choice for buyers with a small deposit who like the security of a fixed rate. 

Any catches?

While the MOVE Bank Ultra Low Lockit loan works to keep fees to a minimum, you will have to budget for the $450 application fee. 


Details

Rates and fees information correct as at 19 August 2019. 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
  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • 4.39% (4.43%*)

  • n/a

  • n/a

  • 4.40% p.a.

Fees
  • $450.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $150.00

Other financial bits
  • $100,000

  • $3,000,000

  • none

  • 95.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $10,000 p.a.

  • yes

  • no

  • none

  • yes

  • yes

  • 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 19 August 2019. 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 4.19% (5.00%*)

  • n/a

  • 3.84% (4.76%*)

  • n/a

  • n/a

  • n/a

  • n/a

  • 5.05% p.a.

Fees
  • $450.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $150.00

Other financial bits
  • $100,000

  • $3,000,000

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $10,000 p.a.

  • yes

  • no

  • none

  • yes

  • yes

  • 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.

Customer Reviews

How are MOVE Bank home loans rated by the Mozo community?

Overall customer rating
7.6/10
Price
7.3/10
Features
6.4/10
Customer service
7.8/10
Convenience
7.2/10
Trust
7.5/10

Promoted

loans.com.au

loans.com.au

Smart Home Loan

3.03% p.a. variable

3.05% p.a.

$520

Promoted

UBank

UBank

UHomeLoan - Discount Offer

3.09% p.a. variable

3.09% p.a.

$0

Promoted

Athena

Athena

Variable Home Loan

3.09% p.a. variable

3.05% p.a.

$0

Promoted

ME

ME

Flexible Home Loan (Member Package)

3.39% p.a. variable

3.83% p.a.

$200

Promoted

Homestar

Homestar

Star Essentials Home Loan

2.99% p.a. variable

3.02% p.a.

$596

Promoted

HSBC

HSBC

Home Value Loan

3.27% p.a. variable

3.28% p.a.

$150

Promoted

Suncorp

Suncorp

Back to Basics

3.29% p.a. variable

3.30% p.a.

$0

Promoted

Bank of Queensland

Bank of Queensland

Fixed Rate

2.99% p.a.
fixed 3 years

4.09% p.a.

$450

Promoted

loans.com.au

loans.com.au

Smart Home Loan

3.03% p.a.

3.05% p.a.

$520

Promoted

UBank

UBank

UHomeLoan - Discount Offer

3.09% p.a.

3.09% p.a.

$0

Promoted

ME

ME

Flexible Home Loan (Member Package)

3.39% p.a.

3.83% p.a.

$200

Promoted

Homestar

Homestar

Star Essentials Home Loan

2.99% p.a.

3.02% p.a.

$596

Promoted

Athena

Athena

Variable Home Loan

3.09% p.a.

3.05% p.a.

$0

Promoted

Tic:Toc

Tic:Toc

Variable Home Loan

2.99% p.a.

3.00% p.a.

$0

Promoted

Bank of Queensland

Bank of Queensland

2 Year Intro Rate Variable Home Loan

3.39% p.a.variable for 24 months and then 3.86% p.a.

3.91% p.a.

$150

Promoted

HSBC

HSBC

Home Value Loan

3.27% p.a.

3.28% p.a.

$150

Promoted

Bank of Queensland

Bank of Queensland

Fixed Rate

2.99% p.a.
fixed 3 years

4.09% p.a.

$450

Promoted

UBank

UBank

UHomeLoan (Fixed)

2.99% p.a.
fixed 3 years

3.45% p.a.

$395

Promoted

QBANK

QBANK

Fixed Rate

3.34% p.a.
fixed 3 years

3.98% p.a.

$195

Promoted

ME

ME

Flexible Home Loan (Fixed, Member Package)

3.18% p.a.
fixed 3 years

3.87% p.a.

$200

Promoted

IMB Bank

IMB Bank

Fixed Home Loan

2.99% p.a.
fixed 3 years

3.51% p.a.

$799

Promoted

loans.com.au

loans.com.au

Fixed Home Loan

3.19% p.a.
fixed 3 years

3.43% p.a.

$520

Promoted

Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

3.24% p.a.
fixed 3 years

4.15% p.a.

$0

Promoted

Tic:Toc

Tic:Toc

Fixed Home Loan

n/a

n/a

$0

*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.