MOVE Bank Straightforward Investment Loan

3.39% p.a.

3.42% p.a.

$0.00

MOVE Bank Straightforward Investment Loan

3.39% p.a.

3.42% p.a.

$0.00

Mozo Review   MOVE Bank Straightforward Investment Loan Review

Last updated: 28 October 2019.

What's hot:
  • Low rates starting from 3.39% p.a. (3.42% p.a. comparison rate*)

  • No ongoing service fees

  • Free extra repayments and redraw facility

What's not:
  • $450 application fee

  • No offset account

Mozo snapshot:

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, but it also comes with a low 3.39% p.a. variable rate (3.42% p.a. comparison rate*).

Key features:

The MOVE Bank Straightforward Investment Loan is only offered to investors, and has a 3.39% p.a. variable interest rate (3.42% p.a. comparison rate*). You can borrow amounts starting from $150,000 up to $3 million, and up to 80% loan to value ratio. 

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, 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.

Who it's good for:

The MOVE Bank Straightforward Investment Loan is a great choice for investors looking for a loan that won’t blow a hole in their bank account.  

Any catches?

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. 

Details

Rates and fees information correct as at 14 December 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
  • 3.39% p.a.

  • n/a

  • n/a

  • n/a

  • 3.42% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $450.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $150.00

Other financial bits
  • $150,000

  • $3,000,000

  • none

  • 80.00%

Features
  • Investor

  • Principal & Interest

  • Monthly

  • yes - free

  • no

  • yes - free

  • none

  • yes

  • no

  • none

  • 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

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