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 2.49% fixed three year rate (3.39% comparison rate*), no ongoing fees and free extra repayments of up to $10,000 a year, this loan works to keep costs low.
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 3.65%.
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.
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.
n/a
n/a
n/a
n/a
n/a
n/a
1.89% (3.24%*)
n/a
n/a
n/a
n/a
3.65% p.a.
$450.00
$0.00
n/a
$0.00
n/a
$0.00
$150.00
$150,000
$3,000,000
none
95.00%
Monthly
yes - free up to $10,000 p.a.
yes
no
none
yes
no
Valuation fee payable at cost. Offer available for a limited time.
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.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
1.98% p.a.
fixed 3 years
3.56% p.a.
Bank of Queensland
Fixed Rate
1.94% p.a.
fixed 3 years
2.97% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
1.98% p.a.
fixed 3 years
3.56% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
Homestar
Star Gold Home Loan
1.79% p.a.
1.84% p.a.
Yard
Variable Home Loan Special
2.09% p.a.
2.12% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
1.98% p.a.
fixed 3 years
3.56% p.a.
Homestar
Star Classic Fixed Home Loan
n/a
n/a
People's Choice Credit Union
Fixed Rate Home Loan (Package)
1.89% p.a.
fixed 3 years
3.03% p.a.
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.
