The details shown below are for an investor taking out a principal & interest loan between $150,000 and $499,999 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $500,000 and $3,000,000 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan between $150,000 and $3,000,000 with an LVR below 75%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
|
|
Investor | Principal & Interest | < 80% | $150,000 | $499,999 |
|
|
Investor | Principal & Interest | < 80% | $500,000 | $3,000,000 |
|
|
Investor | Interest Only | < 75% | $150,000 | $3,000,000 |
Investor (Principal & Interest)
LVR < 80%
Loan: $150,000 $499,999
Investor (Principal & Interest)
LVR < 80%
Loan: $500,000 $3,000,000
Investor (Interest Only)
LVR < 75%
Loan: $150,000 $3,000,000
If you’re looking for a competitive loan that won’t cost you an arm and a leg to maintain, then the MOVE Bank Straightforward Investment Loan is a worthy candidate. Not only does it charge no monthly service fees and no upfront fees except for a $450 application fee, it also comes with variable rates as low as 3.38% (3.44% comparison rate*).
Move Bank also currently has a special offer for new home loan applicants who's applications are received before 30 October 2022 and are settled by 31 December 2022. The offer means that eligible customers can get up to $4,000 cash back depending on the loan amount. For loans between $350,000 and $749,999, customers can get $2.5k cash back and for loans over $750,000, customers can get $4,000 cash back.
The MOVE Bank Straightforward Investment Loan is only offered to investors, and has a 3.29% variable rate (3.34% comparison rate*) on loans over $500,000. You can still get a competitive 3.39% (3.44% comparison rate*) on amounts between $150,000 and $499,999 though.
With this loan, you won’t have to worry about any ongoing service fees and there are almost no upfront fees involved, although you will need to budget for a $450 application fee. And once you finish paying off your loan balance or if you decide to refinance with another lender down the track, you’ll have to factor in a $150 discharge fee too.
While the MOVE Bank Straightforward Investment Loan only gives you the option of making monthly repayments, but it does come with some flexibility. You can make free extra repayments, and there’s also a free redraw facility which could come in handy if you’re suddenly in need of some cash, whether to buy a new car or to handle a financial emergency.
Currently, MOVE Bank are offering a deal where you can receive $2,500 for new applications for new lending with amounts of $350,000 or more received before 30 June 2022 and settled by 31 August 2022. (T&Cs apply.)
The MOVE Bank Straightforward Investment Loan could be a great choice for investors looking for a loan with one of the more competitive sets of variable rates around.
Keep in mind that the MOVE Bank Straightforward Investment Loan only allows you to make monthly repayments, so if you’re hoping to pay down your balance on a more frequent basis, you won’t be able to with this loan. However, you could instead opt for making extra repayments every month to pay off the loan early and save on interest.
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3.39% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
3.45% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$600.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$150,000 |
|
|
$499,999 |
|
|
none |
|
|
80.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
yes |
|
|
no |
|
|
Valuation fee payable at cost |
|
|
none |
|
|
Receive $2,500 for new applications for new lending with amounts of $350,000 and $749,999 and receive $4,000 for amounts over $750,000 received before 30 August 2022 and settled by 31 December 2022. |
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.
|
3.29% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
3.35% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$600.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$500,000 |
|
|
$3,000,000 |
|
|
none |
|
|
80.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
yes |
|
|
no |
|
|
Valuation fee payable at cost |
|
|
none |
|
|
Receive $2,500 for new applications for new lending with amounts of $350,000 and $749,999 and receive $4,000 for amounts over $750,000 received before 30 August 2022 and settled by 31 December 2022. |
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.
|
3.59% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
3.64% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$600.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$150,000 |
|
|
$3,000,000 |
|
|
none |
|
|
75.00% |
|
Investor |
|
|
Interest Only |
|
|
Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
yes |
|
|
no |
|
|
Valuation fee payable at cost |
|
|
none |
|
|
Receive $2,500 for new applications for new lending with amounts of $350,000 and $749,999 and receive $4,000 for amounts over $750,000 received before 30 August 2022 and settled by 31 December 2022. |
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.
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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.
