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, but it also comes with a low 3.09% p.a. variable rate (3.12% p.a. comparison rate*). Plus if you are keen to sign up to this home loan before 29 May 2020, you could be eligible for a sweet $1,000 cash back.
The MOVE Bank Straightforward Investment Loan is only offered to investors, and has a 3.09% p.a. variable interest rate (3.12% p.a. comparison rate*). You can borrow amounts starting from $150,000 up to $3 million, and up to 80% loan to value ratio.
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, 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.
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.
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.
2.84% p.a.
n/a
n/a
n/a
2.87% 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%
Investor
Principal & Interest
Monthly
yes - free
no
yes - free
none
yes
no
Valuation fee payable at cost
none
Receive $1,000 for new applications for loan amounts of $500,000 or more received before 30 June 2020 and settled by 31 July 2020 with a MOVE Bank Savings Account.
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
$450.00
$0.00
n/a
$0.00
n/a
$0.00
$150.00
$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 $1,000 for new applications for loan amounts of $400,000 or more received before 29 May 2020 and settled by 30 June 2020 with a MOVE Bank Savings Account.
3.04% p.a.
n/a
n/a
n/a
3.07% 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
$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 $1,000 for new applications for loan amounts of $500,000 or more received before 30 June 2020 and settled by 31 July 2020 with a MOVE Bank Savings Account.
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$0.00
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$10.00 monthly