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Mini meca 2021

Yard Variable Home Loan Special

Advertiser disclosure
Rate
1.99% p.a.
Comparison Rate
2.02% p.a.
Service fee
$0.00
Upfront fee
$530
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Mozo editorial review Yard Variable Home Loan Special - last updated: 15 November 2021

5 / 5
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What's hot
  • Variable rates start at 1.99% p.a. (2.02% p.a. comparison rate*)
  • Free extra repayments and redraw facility
  • Offset account available (for $10 per month)
  • 2021 Mozo Experts Choice Award winner
What's not
  • $150 settlement fee
  • $500 discharge fee
Mozo snapshot

With the Yard Variable Home Loan Special, borrowers will be able to enjoy rates as low as 1.99% (2.02% comparison rate*), along with helpful features like a redraw facility and offset account (available for $10 per month). And to top it off, this home loan received two 2021 Mozo Experts Choice Awards for Best Low Cost Home Loan and Offset Home Loan. 

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Key features

The Yard Variable Home Loan Special offers owner occupiers with a LVR of below 80% a low 1.99% variable rate (2.02% comparison rate*).

With this loan, customers can borrower between $150,000 and $5,000,000. There are also a number of handy features to make the path to home ownership that much easier, including the ability to make free extra repayments and access a redraw facility. An offset account is also available to help you save on interest, however this will cost you $10 per month.

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Who is it good for

Owner occupiers looking for a good value home loan that also offers a decent amount of flexibility should appreciate the Yard Variable Home Loan Special.

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Any catches

There are a few fees you’ll need to budget for, including a $150 settlement fee, a $500 discharge fee, a $380 legal fee and a valuation fee applied at cost. 

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Cooper Langby
Money writer

Cooper writes across all aspects of personal finance here at Mozo. With a double degree in Journalism and Communications & Media from the University of Wollongong, Cooper has previously written sports content for the Fansided network. He is now turning his focus to finances and is always looking for new ways to educate himself and our readers on the best ways to save money, and budget effectively.

Details

Rates and fees information correct as at 4 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

1.99% p.a.

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n/a

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2.02% p.a.

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n/a

n/a

n/a

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n/a

n/a

n/a

Fees

$0.00

$380.00

n/a

$150.00

n/a

$0.00

$500.00

Other financial bits

$150,000

$5,000,000

none

80.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

none

none

Optional - $10 per month

Valuation fee charged at cost. Rates are available to applicants with Excellent credit.

none

Special rate applies to home loan applications submitted by 31 January 2022.

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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About Yard

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.