For owner occupiers or investors looking to lock in their rate for 1, 2, 3 or 5 years, Yard's Fixed Home Loan could be the offer they've been looking for. The fixed rate mortgage is available on loan amounts from $150,000 to $5,000,000 up to 90% of the property's value, and it offers principal and interest or interest-only repayment options for both types of borrowers. Speaking of repayments, borrowers can pay off their loan on a weekly, fortnightly or monthly schedule, and they'll be able to make extra repayments in order to pay it off faster (free up to $20,000 p.a.). There are a number of one-off fees to consider though, so check out the linked reviews below for more information on those and all the fine details.
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
6.98% p.a. |
7.62% p.a. |
$0.00 |
$840 |
||
|
6.88% p.a. |
7.34% p.a. |
$0.00 |
$840 |
||
|
5.99% p.a. |
6.63% p.a. |
$0.00 |
$840 |
||
|
5.99% p.a. |
6.28% p.a. |
$0.00 |
$840 |
||
|
6.34% p.a. |
6.90% p.a. |
$0.00 |
$840 |
||
|
6.29% p.a. |
6.93% p.a. |
$0.00 |
$840 |
||
|
6.29% p.a. |
6.61% p.a. |
$0.00 |
$840 |
Depending on your occupation, location and what kind of credit rating you have, Yard also has a number of competitive variable rates offers open to investors and owner occupiers. As with Yard’s fixed home loan offer, borrowers can take out loans from as little as $150,000 to as much as $5 million with the Variable Home Loan, though the Variable Home Loan Special offer is capped at 1,500,000. Yard’s variable home loans come some seriously competitive rates as well as a number of handy features, including the ability to make unlimited additional repayments, free of charge, a free redraw facility and even an optional offset account ($10/month fee applies).Like the fixed offers, there are a few one-off fees to weigh up though, so find out more about those in the table below.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
6.24% p.a. |
6.28% p.a. |
$0.00 |
$840 |
||
|
7.44% p.a. |
7.48% p.a. |
$0.00 |
$840 |
||
|
7.79% p.a. |
7.81% p.a. |
$0.00 |
$840 |
||
|
6.79% p.a. |
6.83% p.a. |
$0.00 |
$840 |
||
|
6.14% p.a. |
6.16% p.a. |
$0.00 |
$530 |
||
|
6.34% p.a. |
6.38% p.a. |
$0.00 |
$840 |
||
|
6.64% p.a. |
6.68% p.a. |
$0.00 |
$840 |
||
|
6.54% p.a. |
6.58% p.a. |
$0.00 |
$840 |
||
|
7.04% p.a. |
7.08% p.a. |
$0.00 |
$840 |
||
|
7.09% p.a. |
7.13% p.a. |
$0.00 |
$840 |
Yard allows you to make unlimited additional repayments, free of charge, on its variable rate home loans and repayments up to $20,000 per year, free of charge, on its fixed rate loan. Yard also offers a free redraw facility with unlimited online redraws with its variable rate home loans.
To help reduce your interest payments, Yard offers an optional 100% offset account with its variable rate home loans, though this facility does come with a $10 monthly fee.
Yard gives its mortgage customers the option of making their repayments on a weekly, fortnightly or monthly basis. That way you'll be able to 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: