MOVE Bank Ultra Low Lockit
2.98% p.a.
3.88% p.a.
$0.00
MOVE Bank Ultra Low Lockit
2.98% p.a.
3.88% p.a.
$0.00
MOVE Bank Ultra Low Lockit
2.98% p.a.
3.88% p.a.
$0.00
Mozo Review MOVE Bank Ultra Low Lockit Review
Last updated: 21 October 2019.
What's hot:
Low 2.98% fixed three year rate (3.88% comparison rate*)
Free extra repayments (up to $10,000 annually)
No ongoing service fees
What's not:
$450 application fee
Mozo snapshot:
For many future home owners, there’s nothing more comforting than locking in your home loan rate. And if that sounds like you, why not consider the MOVE Bank Ultra Low Lockit home loan. Featuring a low 2.98% fixed three year rate (3.88% comparison rate*), no ongoing fees and free extra repayments of up to $10,000 a year, this loan works to keep costs low.
Key features:
If you’re a first home buyer with a 5% deposit, then you might want to check out the MOVE Bank Ultra Low Lockit home loan. Other than a low fixed rate, there are no ongoing fees and free extra repayments (up to $10,000 annually), so you can put every dollar toward your loan.
While you are expected to make your repayments on a monthly basis, there is the option to take a break from your repayments if you ever need to with a repayment holiday. Borrowers will also be able to save on interest, thanks to the offset account feature as well as take advantage of a variable rate with the split account option.
Just keep in mind that there a considerable $450 application fee with this loan and once your fixed rate period ends, the loan will then revert to a fixed rate of 4.15%.
Who it's good for:
The MOVE Bank Ultra Low Lockit home loan could be a great choice for buyers with a small deposit who like the security of a fixed rate.
Any catches?
While the MOVE Bank Ultra Low Lockit loan works to keep fees to a minimum, you will have to budget for the $450 application fee.
Details
Rates and fees information correct as at 11 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
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
2.98% (3.88%*)
-
n/a
-
n/a
-
n/a
-
n/a
-
4.15% p.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
-
95.00%
Features
-
Monthly
-
yes - free up to $10,000 p.a.
-
yes
-
no
-
none
-
yes
-
no
-
none
-
none
-
none
Customer Reviews
How are MOVE Bank home loans rated by the Mozo community?
Promoted
Well Home Loans
Well Balanced
2.82% p.a. variable
2.86% p.a.
$785
Promoted
Queensland Country Credit Union
RateSaver (Fixed)
3.49% p.a.
fixed 3 years
3.90% p.a.
$500
Promoted
IMB Bank
Budget Home Loan
3.13% p.a. variable
3.19% p.a.
$799
Promoted
Well Home Loans
Well Balanced
2.82% p.a. variable
2.86% p.a.
$785
Promoted
Easy Street
Standard Variable Home Loan
2.95% p.a. variable
2.99% p.a.
$500
Promoted
Newcastle Permanent
Real Deal Home Loan
3.19% p.a.
3.23% p.a.
$0
Promoted
loans.com.au
Fixed Home Loan
2.99% p.a.
fixed 3 years
3.27% p.a.
$520
Promoted
Queensland Country Credit Union
RateSaver (Fixed)
3.49% p.a.
fixed 3 years
3.90% p.a.
$500
Promoted
Well Home Loans
Well Balanced Fixed
2.74% p.a.
fixed 3 years
2.84% p.a.
$785
Promoted
IMB Bank
Fixed Home Loan
2.84% p.a.
fixed 3 years
3.44% p.a.
$799
Promoted
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.89% p.a.
fixed 3 years
3.96% p.a.
$0
