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MOVE Bank Lockit Home Loan

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $3,000,000 with an LVR below 95%

The details shown below are for an investor taking out a principal & interest loan between $150,000 and $3,000,000 with an LVR below 95%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $150,000 $3,000,000

  • Investor (Principal & Interest)

    LVR < 95%

    Loan: $150,000 $3,000,000

Fixed 3 year rate
1.89% p.a.
Comparison Rate
3.14% p.a.
Service fee
$0.00
Upfront fee
$450
Fixed 3 year rate
1.99% p.a.
Comparison Rate
3.60% p.a.
Service fee
$0.00
Upfront fee
$450

Mozo editorial review MOVE Bank Lockit Home Loan - last updated: 2 November 2021

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What's hot
  • Low 3-year fixed rate of 1.89% (3.14% comparison rate*)
  • Free extra repayments (up to $10,000 annually)
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 3Y Fixed Rate home loan. Featuring a low Low 3-year fixed rate of 1.89% (3.14% comparison rate*) available to refinancers and new applicants, no ongoing fees and free extra repayments of up to $10,000 a year, this loan works to keep costs low. 


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Key features

Whether you're looking to refinance or take out your first home loan, you might want to check out the MOVE Bank 3Y Fixed Rate home loan. Other than a low fixed rate of just 1.89% (3.14% comparison rate*) for a 3-year term, 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 3.65%. 

There's also now a version of the loan available to investors. If you own a residential investment property, you can get a 3-year rate of 1.99% p.a. (3.60% p.a. comparison rate*) with MOVE Bank on loans up to 90% LVR.

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Who is it good for

The MOVE Bank 3Y Fixed Rate loan could be a great choice for first-time buyers, refinancers or investors looking to lock in a competitive fixed rate. 


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Any catches

While this home loan has relatively few fees, you will have to budget for the $450 application fee. 

Details

Rates and fees information correct as at 28 November 2021. 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

1.89% (3.14%*)

n/a

n/a

n/a

n/a

3.50% p.a.

Fees

$450.00

$0.00

n/a

$0.00

n/a

$0.00

$150.00

Other financial bits

$150,000

$3,000,000

none

95.00%

Features

Monthly

yes - free up to $10,000 p.a.

yes

no

none

yes

no

Valuation fee payable at cost. Offer available for a limited time.

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 28 November 2021. 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

1.99% (3.60%*)

n/a

n/a

n/a

n/a

4.09% p.a.

Fees

$450.00

$0.00

n/a

$0.00

n/a

$0.00

$150.00

Other financial bits

$150,000

$3,000,000

none

95.00%

Features

Monthly

yes - free up to $10,000 p.a.

yes

no

none

yes

no

Valuation fee payable at cost. Offer available for a limited time.

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

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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.