Key features:You can borrow up to 95% of the property's value for Principal & Interest (P&I) loans and there isn't a maximum loan amount which makes the RAMS Low rate home loan ideal if you are looking at taking on a big mortgage with competitive rates.
The repayment options should suit most payday frequencies, with weekly, fortnightly and monthly repayment options available. Extra repayments are available and there's no minimum redraw amount if you find you need that cash back.
In case you can't decide which side of the fence the grass is greener there is a split account option which means you can split your Low rate loan between a variable and fixed rate.
Who it's good for:
The RAMS Low Rate Home Loan is great for anyone looking for low cost of entry into the home loan market.
There are a couple of fees that might get you bleating, a $595 application fee, a $285 settlement fee and standard $295 discharge fee.