The details shown below are for an investor taking out a principal & interest loan between $1,000,001 and $1,750,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $50,000 and $1,000,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $50,000 and $1,000,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan between $50,000 and $1,000,000 with an LVR below 80%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Investor | Principal & Interest | < 80% | $1,000,001 | $1,750,000 |
| | Investor | Principal & Interest | < 80% | $50,000 | $1,000,000 |
| | Investor | Principal & Interest | 80%-90% | $50,000 | $1,000,000 |
| | Investor | Interest Only | < 80% | $50,000 | $1,000,000 |
Investor (Principal & Interest)
LVR < 80%
Loan: $1,000,001 $1,750,000
Investor (Principal & Interest)
LVR < 80%
Loan: $50,000 $1,000,000
Investor (Principal & Interest)
LVR 80%-90%
Loan: $50,000 $1,000,000
Investor (Interest Only)
LVR < 80%
Loan: $50,000 $1,000,000
Reduce Home Loans are well known for offering some of the lowest rounds around, and they’ve delivered once again with the Investor Rate Lovers Variable home loan. Not only will investors be able to snag low variable rates from just 2.39% (2.46% comparison rate*), there are no ongoing or exit fees to worry about and there are even a couple of handy features to make use of such as an optional offset account (a 0.05% interest loading does apply) and uncapped extra repayments.
With the Investor Rate Lovers Variable home loan from Reduce Home Loans, investors will have access to different interest rates depending on their loan size, their loan-to-value ratio (LVR) and whether they want to make principal and interest or interest-only repayments. Here’s how it breaks down.
Principal and interest repayments
2.39% variable rate (2.46% comparison rate*) - For investors with an LVR below 80% on a loan between $50,000 - $1,000,000.
2.69% variable rate (2.72% comparison rate*) - For investors with an LVR between 80% - 90% on a loan between $1,000,000 and $1,750,000.
Interest only repayments
2.59% variable rate (2.64% comparison rate*) - For investors with an LVR up to 80% on a loan between $50,000 - $1,000,000.
Aside from the rates, there are a few other features attached to the Investor Rate Lovers Variable loan which are worth a mention, starting with the optional offset account. You’ll be able to use the offset account to reduce the balance of the loan on which you’re paying interest on, however, it does come with an additional 0.05% interest rate loading for principal and interest payments and a $10 monthly charge for interest only loans.
Reduce also gives investment borrowers the option of making extra repayments on their home loan for free, plus if you ever decide that you need to dip back into that additional payments pool you’ll be able to do so thanks to the full redraw feature.
You won't need to budget for application fees, settlement fess or legal fees, but disbursements may be payable.
Whether you’re looking to make principal and interest or interest-only payments on your loan, the Investor Rate Lovers Variable with its competitively priced rates could be a great choice for investors looking to keep their repayments as low as possible.
Bear in mind that if you choose to access the offset account, you'll be subject to an additional 0.05% interest rate loading, or a $10 monthly fee for interest only loans.
2.69% p.a.
n/a
n/a
n/a
2.72% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$297.00
$250.00
$0.00
n/a
$0.00
$0.00
$1,000,001
$1,750,000
none
80.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes
$0.00
yes
yes - additional 0.05% interest rate loading
Add 0.05% for loans over $850,000
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.
2.39% p.a.
n/a
n/a
n/a
2.42% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$330.00
$250.00
$0.00
n/a
$0.00
$0.00
$50,000
$1,000,000
none
80.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes
$0.00
yes
yes - additional 0.05% interest rate loading
Add 0.30% for loans over $850,000. Legal and valuation fees charged at cost.
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.
2.69% p.a.
n/a
n/a
n/a
2.72% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$330.00
$250.00
$0.00
n/a
$0.00
$0.00
$50,000
$1,000,000
80.00%
90.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes
$0.00
yes
yes - additional 0.05% interest rate loading
Add 0.30% for loans over $850,000. Legal and valuation fees charged at cost.
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.
2.69% p.a.
n/a
n/a
n/a
2.72% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$330.00
$250.00
$0.00
n/a
$0.00
$0.00
$50,000
$1,000,000
none
80.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
yes - free
no
yes
$0.00
yes
yes - additional 0.05% interest rate loading
Add 0.30% for loans over $850,000. Legal and valuation fees charged at cost.
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.
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.
$0.00
Homestar
Star Gold Home Loan
1.79% p.a.
1.84% p.a.
$0.00
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.
