Pacific Mortgage Group's Fixed Rate Home Loan offers borrowers the chance to lock in a competitive rate and the repayment stability that comes with that for 1, 2 or 3 years. The loan is available to both owner occupiers and investors with a maximum loan-to-value ratio (LVR) of 80%, and offers features such as free extra repayments and an online redraw facility and no fees! Find out more using the linked reviews below.
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
6.39% p.a. |
6.03% p.a. |
$0.00 |
$0 |
||
|
6.54% p.a. |
6.25% p.a. |
$0.00 |
$0 |
If the flexibility of a variable rate is more your cup of tea, Pacific Mortgage Group's Standard Variable Home Loan may be a better fit. It's available to owner occupiers and investors willing to make principal and interest repayments, and both types of borrowers will be able to access some of the lowest variable rates around with the loan - especially for those with a larger deposit or greater existing equity. Like the fixed loan, free extra repayments and an online redraw facility are available, though there's a minimum redraw amount of $1,000.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
5.89% p.a. |
5.89% p.a. |
$0.00 |
$0 |
||
|
6.14% p.a. |
6.14% p.a. |
$0.00 |
$0 |
As an online lender, Pacific Mortgage Group has earned a reputation for its low home loan rates. In fact, some of the interest rates currently available on its fixed and variable home loan offers are amongst the lowest in the Mozo database.
Pacific Mortgage Group gives borrowers access to a range of flexible repayment features on both its fixed and variable home loans. These include the ability for customers to make extra repayments towards their loan and to tap into them down the line via the online redraw facility (min. $1,000 redraw amount on Standard Variable Home Loan). Repayments can also be made on a schedule that suits you: either weekly, fortnightly or monthly.
It's not just interest rates that Pacific Mortgage Group are keeping down, but fees as well. That's because the lender doesn't currently charge customers any upfront or ongoing fees on either of its loans.
Pacific Mortgage Group has a relatively straightforward application process for borrowers interested in taking out a loan, starting with an online form you can find on their website which will ask for information including: your name, phone number, email address, loan amount and the value of the property.
Once that's completed, a Pacific Mortgage Group representative will contact you within 48 hours to continue the process. Like all lenders, this may require some additional information like: