Choose the version of this loan that suits you best
Availability | Loan type | LVR | Min loan amount | Max loan amount | |
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Investor | Principal & Interest | < 80% | $250,000 | $3,500,000 |
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Investor | Interest Only | < 80% | $250,000 | $3,500,000 |
Searching far and wide for your next investment property? With competitive fixed interest rates starting from 6.39% p.a. (6.59% p.a. comparison rate*) for 1 year terms, as well as free extra repayments and a lack of ongoing service fees, the Fixed Rate Wealth Maximizer from Reduce Home Loans could be a great loan match for investors. It even won a Mozo Experts Choice Award in the investor fixed rate category. Just keep in mind that there may be some sizeable upfront fees to pay depending on the specific loan you choose.
The Fixed Rate Wealth Maximizer home loan from Reduce Home Loans could be the low rate option to find your first, or even fifth, investment property. Reduce will offer a few different fixed rate options for you to choose from depending on your LVR and whether you’re making principal and interest or interest only repayments.
The minimum loan amount is $250,000 and the maximum is $3,500,000 (lower comparison rates apply to loans over $1,000,000).
For all loan terms, you will need to budget for a range of fees, including a $440 application fee, $250 settlement fee, and $250 valuation fee. The application and settlement fees are waived for loans over $1,000,000.
When it comes to features, all borrowers with a Fixed Rate Wealth Maximizer home loan will be able to make free extra repayments, split their loan, choose their repayment schedule (either weekly, fortnightly or monthly) and even make use of an offset account for $10 a month.
Cashback offer:
Reduce Home Loans are sweetening the deal with a cashback offer. Those with a loan amount between $250,000 and $499,999.99 could receive $2,000 cashback, loans between $500,000 and $749,999.99 could receive $3,000 cashback, loans between $750,000 and $1,999,999.99 could receive $5,000 cashback and loans over $2,000,000 could receive $10,000 cashback (T&C's apply).
Keep in mind that your loan must stay current for a minimum of 24 months after the loan settlement. If you discharge your loan within the 24 months from the date the cash back is paid then this amount will need to be re paid and added to your total balance payable at the time of your discharge.
With some fixed rate offers for 1-5 year terms, the Reduce Home Loans Fixed Rate Wealth Maximizer loan could be a great option for investors looking to keep their repayments to a minimum.
While there aren’t any ongoing service fees attached to the Fixed Rate Wealth Maximizer loan, you'll need to factor in a number of upfront fees (including application, valuation and settlement fees).
n/a |
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n/a |
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n/a |
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n/a |
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6.39% (6.59%*) |
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6.19% (6.55%*) |
|
6.29% (6.55%*) |
|
6.49% (6.59%*) |
|
6.49% (6.58%*) |
|
n/a |
|
n/a |
|
6.54% p.a. |
$440.00 |
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n/a |
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$250.00 |
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$250.00 |
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n/a |
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$0.00 |
|
$500.00 |
$250,000 |
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$3,500,000 |
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none |
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80.00% |
Weekly, Fortnightly, Monthly |
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yes - free up to $20,000 per annum during fixed period |
|
no |
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yes - free |
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$0.00 |
|
yes |
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yes - optional $10/month |
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Loans with a LVR of over 80% are limited to $1,000,000. Different fees may apply to different loan terms. Application and legal fees charged at settlement. Valuation fee charged at conditional |
|
Add 0.10% to waive fees $1170 on loans over $300k |
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Cash back from $2,000 to $10,000 depending on amount borrowed. Loan must stay current for a min 24 months after settlement. |
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.
n/a |
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n/a |
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n/a |
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n/a |
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6.69% (6.72%*) |
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6.49% (6.69%*) |
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6.39% (6.64%*) |
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6.59% (6.70%*) |
|
6.59% (6.69%*) |
|
n/a |
|
n/a |
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6.64% p.a. |
$440.00 |
|
n/a |
|
$250.00 |
|
$250.00 |
|
n/a |
|
$0.00 |
|
$500.00 |
$250,000 |
|
$3,500,000 |
|
none |
|
80.00% |
Weekly, Fortnightly, Monthly |
|
yes - free up to $20,000 per annum during fixed period |
|
no |
|
yes - free |
|
$0.00 |
|
yes |
|
yes - optional $10/month |
|
Loans with a LVR of over 80% are limited to $1,000,000. Different fees may apply to different loan terms. Application and legal fees charged at settlement. Valuation fee charged at conditional |
|
Add 0.10% to waive fees $1170 on loans over $300k |
|
Cash back from $2,000 to $10,000 depending on amount borrowed. Loan must stay current for a min 24 months after settlement. |
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.
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% 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.