Rates and fees verified as correct at 26 January, 2021. Other information correct at the time of writing. Advertiser disclosure.
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 3.25% p.a. | 3.12% p.a. | $0.00 | $835 | ||
| 2.75% p.a. | 2.74% p.a. | $0.00 | $835 | ||
| 3.10% p.a. | 3.29% p.a. | $0.00 | $835 | ||
| 2.85% p.a. | 2.78% p.a. | $0.00 | $835 |
Depending on your occupation, location and what kind of credit rating you have, Yard home loans have a number of competitive variable rates for investors and owner-occupiers. As with all Yard’s home loans, borrowers can take out loans from as little as $150,000 to as much as $5 million.
Yard’s variable rate home loans come with a number of optional features, including the ability to make unlimited additional repayments, free of charge, a free redraw facility and an optional offset account, although this does come with a $120 annual fee. Yard offers home loans with a 80% loan to value ratio (LVR), meaning you can take out a home loan with a 20% deposit.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 2.99% p.a. | 3.01% p.a. | $0.00 | $835 | ||
| 2.65% p.a. | 2.68% p.a. | $0.00 | $835 | ||
| 2.29% p.a. | 2.32% p.a. | $0.00 | $835 | ||
| 2.09% p.a. | 2.12% p.a. | $0.00 | $835 | ||
| 3.27% p.a. | 3.42% p.a. | $0.00 | $835 | ||
| 3.37% p.a. | 3.53% p.a. | $0.00 | $835 | ||
| 2.67% p.a. | 2.69% p.a. | $0.00 | $835 | ||
| 2.77% p.a. | 2.79% p.a. | $0.00 | $835 |
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.
‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.
Yard allows you to make unlimited additional repayments, free of charge on a variable rate home loan and repayments up to $20,000 per year, free of charge on a fixed rate home loan.
Yard offers a redraw facility with unlimited online redraws, free of charge with variable rate home loans.
To help reduce your interest payments, Yard offers an optional 100% offset account with variable rate home loans, this facility comes with a $120 annual fee.
If you want to have the best of both worlds and take advantage of a more secure fixed rate and a lower variable rate, you can. Yard gives you the option to split your loan into multiple loan accounts, each with different interest rates.
Yard offers variable and fixed rate home loans for both owner-occupiers and investors for borrowers with a 20% deposit.
Yard gives you the option to make repayments, weekly, fortnightly or monthly, so you can fit them in with the rest of your finance calendar.
If you’ve trawled through all the home loans on offer and decided that Yard’s is the right one for you, the next step is to apply. Before you start filling out the online application, you’ll need to make sure you have the following:
Or if you’re self-employed you’ll need:
