The details shown below are for an investor taking out a principal & interest loan between $250,000 and $1,000,000 with an LVR below 60%
The details shown below are for an investor taking out a principal & interest loan between $250,000 and $1,000,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $1,000,001 and $2,000,000 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan between $250,000 and $1,000,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $1,000,001 and $1,500,000 with an LVR below 90%
The details shown below are for an investor taking out a principal & interest loan between $250,000 and $1,000,000 with an LVR below 90%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
|
|
Investor | Principal & Interest | < 60% | $250,000 | $1,000,000 |
|
|
Investor | Principal & Interest | 60%-80% | $250,000 | $1,000,000 |
|
|
Investor | Principal & Interest | < 80% | $1,000,001 | $2,000,000 |
|
|
Investor | Interest Only | < 80% | $250,000 | $1,000,000 |
|
|
Investor | Principal & Interest | 80%-90% | $1,000,001 | $1,500,000 |
|
|
Investor | Principal & Interest | 80%-90% | $250,000 | $1,000,000 |
Investor (Principal & Interest)
LVR < 60%
Loan: $250,000 $1,000,000
Investor (Principal & Interest)
LVR 60%-80%
Loan: $250,000 $1,000,000
Investor (Principal & Interest)
LVR < 80%
Loan: $1,000,001 $2,000,000
Investor (Interest Only)
LVR < 80%
Loan: $250,000 $1,000,000
Investor (Principal & Interest)
LVR 80%-90%
Loan: $1,000,001 $1,500,000
Investor (Principal & Interest)
LVR 80%-90%
Loan: $250,000 $1,000,000
Reduce Home Loans are well known for offering some of the lowest rates 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 3.69% (3.77% 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 0.10% interest loading does apply) and uncapped extra repayments. What's more, this loan was recognised in the split loan category in the 2022 Mozo Experts Choice Awards.
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
3.89% variable rate (3.93% comparison rate*) - For investors with an LVR below 80% on a loan between $250,000 - $1,000,000.
4.79% variable rate (4.83% comparison rate*) - For investors with an LVR between 80% - 90% on a loan between $1,000,000 and $1,500,000.
Interest only repayments
4.29% variable rate (4.33% comparison rate*) - For investors with an LVR up to 80% on a loan between $250,000 - $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 0.10% interest rate loading.
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.
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.
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 0.10% interest rate loading.
|
3.69% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
3.77% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$440.00 |
|
|
$330.00 |
|
|
$250.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$0.00 |
|
$250,000 |
|
|
$1,000,000 |
|
|
none |
|
|
60.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
$0.00 |
|
|
yes |
|
|
yes - optional with 0.10% interest rate loading |
|
|
Available for Refinances Only. Application and legal fees charged at settlement. Valuation fee charged at conditional approval. Add 0.40% for loans $1 mil - $1.5 mil. Add further 0.40% for loans $1.5 - 2 mil. Add further 0.40% for loans $2 - 2.5 mil. |
|
|
Loan amounts >$300k add 0.10% to waive full fees up to $580 |
|
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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.
|
3.89% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
3.93% 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 |
|
$250,000 |
|
|
$1,000,000 |
|
|
60.00% |
|
|
80.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
$0.00 |
|
|
yes |
|
|
yes - optional with 0.10% interest rate loading |
|
|
Available for Refinances Only. Application and legal fees charged at settlement. Valuation fee charged at conditional approval. Add 0.40% for loans $1 mil - $1.5 mil. Add further 0.40% for loans $1.5 - 2 mil. Add further 0.40% for loans $2 - 2.5 mil. |
|
|
Loan amounts >$300k add 0.10% to waive full fees up to $580 |
|
|
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.
|
4.19% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
4.23% 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 |
|
$1,000,001 |
|
|
$2,000,000 |
|
|
none |
|
|
80.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
$0.00 |
|
|
yes |
|
|
yes - optional with 0.10% interest rate loading |
|
|
Available for Refinances Only. Application and legal fees charged at settlement. Valuation fee charged at conditional approval. Add 0.40% for loans $1 mil - $1.5 mil. Add further 0.40% for loans $1.5 - 2 mil. Add further 0.40% for loans $2 - 2.5 mil. |
|
|
Loan amounts >$300k add 0.10% to waive full fees up to $580 |
|
|
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.
|
4.29% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
4.33% 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 |
|
$250,000 |
|
|
$1,000,000 |
|
|
none |
|
|
80.00% |
|
Investor |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
$0.00 |
|
|
yes |
|
|
yes - optional with 0.10% interest rate loading |
|
|
Available for Refinances Only. Application and legal fees charged at settlement. Valuation fee charged at conditional approval. Add 0.40% for loans $1 mil - $1.5 mil. Add further 0.40% for loans $1.5 - 2 mil. Add further 0.40% for loans $2 - 2.5 mil. |
|
|
Loan amounts >$300k add 0.10% to waive full fees up to $580 |
|
|
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.
|
4.79% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
4.83% 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 |
|
$1,000,001 |
|
|
$1,500,000 |
|
|
80.00% |
|
|
90.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
$0.00 |
|
|
yes |
|
|
yes - additional 0.10% interest rate loading |
|
|
Add 0.05% for loans over $850,000 |
|
|
Loan amounts >$300k add 0.10% to waive full fees up to $580 |
|
|
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.
|
4.49% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
4.53% 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 |
|
$250,000 |
|
|
$1,000,000 |
|
|
80.00% |
|
|
90.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
$0.00 |
|
|
yes |
|
|
yes - optional with 0.10% interest rate loading |
|
|
Available for Refinances Only. Application and legal fees charged at settlement. Valuation fee charged at conditional approval. Add 0.40% for loans $1 mil - $1.5 mil. Add further 0.40% for loans $1.5 - 2 mil. Add further 0.40% for loans $2 - 2.5 mil. |
|
|
Loan amounts >$300k add 0.10% to waive full fees up to $580 |
|
|
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.
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Smart Booster Home Loan
3.60% p.a.variable for 24 months and then 4.00% p.a. variable
3.96% p.a.
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Smart Booster Home Loan
3.60% p.a.variable for 24 months and then 4.00% p.a. variable
3.96% p.a.
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Smart Booster Home Loan
3.74% p.a.variable for 12 months and then 4.23% p.a. variable
4.22% p.a.
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Smart Booster Home Loan
3.60% p.a.variable for 24 months and then 4.00% p.a.
3.96% p.a.
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Smart Booster Home Loan
3.60% p.a.variable for 24 months and then 4.00% p.a.
3.96% 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.
