The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $499,999 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan between $500,000 and $3,000,000 with an LVR below 80%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 80% | $150,000 | $499,999 |
| | Owner Occupier | Principal & Interest | < 80% | $500,000 | $3,000,000 |
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $150,000 $499,999
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $500,000 $3,000,000
With a seriously competitive variable rates from just 2.29% (2.33% comparison rate*), the Straightforward Home Loan is one likely to impress budget savvy, owner occupier borrowers. But it’s not just a great rate that makes MOVE Bank’s home loan stand out because it also allows home buyers to make free extra repayments and redraws.
If you’re looking for funding to buy your first home with a deposit of 20% or more, chances are that the first thing on your home loan checklist is a low rate to keep your repayments down. This is where the MOVE Bank Straightforward Home Loan really delivers, with two competitive variable rates on offer depending on your loan size:
The Straightforward Home Loan doesn’t just offer a low rate though, it also offers borrowers the opportunity to choose their repayment schedule (either fortnightly or monthly) and make extra repayments on their loan for free. And anyone that does manage to make extra repayments will be able to dip into them for free using MOVE Bank’s handy online redraw facility.
When it comes to fees, the MOVE Bank Straightforward Home Loan does come with a $450 application fee as well as a $150 discharge fee once you’ve paid out your mortgage in full. The good news is that MOVE doesn’t charge any ongoing service fee, so you won’t need to worry about allocating that in your budget.
Because the Straightforward Home Loan from MOVE Bank is only available for new lending, it could be a great option for owner occupiers looking to get into the market for the first time - especially with the competitive low variable rates on offer.
As you might expect from a ‘Straightforward’ basic Home Loan, borrowers won’t have access to an offset account, though they will be able to make reduce their interest with the use of handy perks like free extra repayments and a free online redraw facility
2.39% p.a.
n/a
n/a
n/a
2.43% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$450.00
$0.00
n/a
$0.00
n/a
$0.00
$150.00
$150,000
$499,999
none
80.00%
Owner Occupier
Principal & Interest
Fortnightly, Monthly
yes - free
no
yes - free
none
yes
no
Valuation fee payable at cost
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.
2.29% p.a.
n/a
n/a
n/a
2.33% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$450.00
$0.00
n/a
$0.00
n/a
$0.00
$150.00
$500,000
$3,000,000
none
80.00%
Owner Occupier
Principal & Interest
Fortnightly, Monthly
yes - free
no
yes - free
none
yes
no
Valuation fee payable at cost
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.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
1.98% p.a.
fixed 3 years
3.56% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
1.98% p.a.
fixed 3 years
3.56% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
Homestar
Star Gold Home Loan
1.79% p.a.
1.84% p.a.
Yard
Variable Home Loan Special
2.09% p.a.
2.12% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
1.98% p.a.
fixed 3 years
3.56% p.a.
Homestar
Star Classic Fixed Home Loan
n/a
n/a
People's Choice Credit Union
Fixed Rate Home Loan (Package)
1.89% p.a.
fixed 3 years
3.03% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
$0.00
Homestar
Star Gold Home Loan
1.79% p.a.
1.84% p.a.
$0.00
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.
