Important disclosure
Basic Low Rate Home Loan Offer
2024 Award Winner
Interest Rate
5.75%
p.a
Comparison Rate*
5.88%
p.a
5.75%
p.a
5.88%
p.a
$0
based on $500,000 loan amount for 25 years at 5.75%
Basic Low Rate Home Loan Offer
Find your ideal home loan from one of the 2 home loans from Arab Bank Australia
Principal and Interest (P&I)
| Loan type | Loan to value ratio | Interest rate | Comparison rate | |
|---|---|---|---|---|
Variable | Up to 60% | 5.75% p.a. | 5.88% p.a. | Product Info |
Variable | Up to 60% | 5.90% p.a. | 5.94% p.a. | Product Info |
Interest only
| Loan type | Loan to value ratio | Interest rate | Comparison rate |
|---|
Arab Bank Australia Variable Rate Home loan overview
For The Basics Low Rate Home Loan Offer (LVR < 60%)
Details
Maximum LVR 60% | Total Repayments |
Interest rate type Variable | Borrowing range
$50k
-
$100m
|
Suitable for Owner Occupiers | Loan term range 1 - 30 years |
Repayment type Principal and Interest | Applicable states ACT, NSW, NT, QLD, SA, VIC, WA |
Target Market Determination Visit Arab Bank Australia Ltd to view Target Market Determination. |
Features
Extra repayments Unlimited | Redraw facility Redraw fee: $0 |
Offset account | Split interest facility |
Loan portability | Repayment holiday available |
Allow guarantors | Available for first home buyers |
Other benefits |
Fees
Total estimated upfront fees $600 | Application fee $600 |
Legal fee $0 | Valuation fee $0 |
Settlement fee $0 | Other upfront fee $0 |
Ongoing fee $8 | Discharge fee $115 |
Pros and cons
For The Basics Low Rate Home Loan Offer (LVR < 60%)
Benefits
- Interest rates ranked in the best 20%
- Extra repayments and redraw facility
- Free redraw facility
- Winner of Best Refinance Home Loan, RateCity Gold Awards 2024
Drawbacks
- No offset account
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 60% of the property's value
Promoted home loans
Promoted
Fixed Rate Home Loan
5.70%
p.a
5.76%
p.a
Promoted
Simplicity Plus Loan
Cashback
$2,000 cashback when you refinance an eligible home loan.6.59%
p.a
6.59%
p.a
Promoted
Fixed Rate Home Loan
5.75%
p.a
5.81%
p.a
FAQs
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