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MOVE Bank Straightforward Investment Loan

Advertiser disclosure

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

  • 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

Rate
2.54% p.a.
Comparison Rate
2.58% p.a.
Service fee
$0.00
Upfront fee
$450
Rate
2.44% p.a.
Comparison Rate
2.48% p.a.
Service fee
$0.00
Upfront fee
$450
Rate
2.74% p.a.
Comparison Rate
2.77% p.a.
Service fee
$0.00
Upfront fee
$450

Mozo editorial review MOVE Bank Straightforward Investment Loan

Last updated: 1 February 2021.

binocular icon
What's hot
  • $1,000 cash back offer until 29 May 2020
  • Rates as low as 2.44% (2.48% comparison rate*)
  • 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, it also comes with variable rates as low as 2.44% (2.48% comparison rate*).

key icon
Key features

The MOVE Bank Straightforward Investment Loan is only offered to investors, and has a 2.44% variable rate (2.48% comparison rate*) on loans over $500,000. You can still get a competitive 2.54% (2.58% comparison rate*) on amounts between $150,000 and $499,999 though.

To be eligible for the current $1,000 cash back deal, you'll have to meet a few conditions, including holding either an Everyday Saver or an Express Saver account for the money to be paid into, be refinancing at least a $400,000 loan and have joined MOVE Bank on or after 17 December 2019.

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.

snapshot
Who is it good for

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.

question icon
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 19 April 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
  • 2.54% p.a.

  • n/a

  • n/a

  • n/a

  • 2.58% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $450.00

  • $0.00

  • n/a

  • $0.00

  • n/a

  • $0.00

  • $150.00

Other financial bits
  • $150,000

  • $499,999

  • none

  • 80.00%

Features
  • Investor

  • Principal & Interest

  • 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.

Details

Rates and fees information correct as at 19 April 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
  • 2.44% p.a.

  • n/a

  • n/a

  • n/a

  • 2.48% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $450.00

  • $0.00

  • n/a

  • $0.00

  • n/a

  • $0.00

  • $150.00

Other financial bits
  • $500,000

  • $3,000,000

  • none

  • 80.00%

Features
  • Investor

  • Principal & Interest

  • 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.

Details

Rates and fees information correct as at 19 April 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
  • 2.74% p.a.

  • n/a

  • n/a

  • n/a

  • 2.77% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/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

  • 75.00%

Features
  • Investor

  • Interest Only

  • 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.

Customer Reviews

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

Overall
7.2/10
Price
7.0/10
Features
6.2/10
Customer service
7.3/10
Convenience
6.4/10
Trust
7.0/10
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