Important disclosure
First Home Loan
Find your ideal home loan from one of the 9 home loans from Border Bank
Principal and Interest (P&I)
Loan type | Loan to value ratio | Interest rate | Comparison rate | |
---|---|---|---|---|
Fixed - 3 years | Up to 95% | 5.59% p.a. | 5.85% p.a. | Product Info |
Fixed - 2 years | Up to 95% | 5.79% p.a. | 5.91% p.a. | Product Info |
Variable | Up to 95% | 5.84% p.a. | 5.92% p.a. | Product Info |
Fixed - 1 year | Up to 95% | 6.29% p.a. | 5.96% p.a. | Product Info |
Fixed - 5 years | Up to 95% | 6.69% p.a. | 6.29% p.a. | Product Info |
Interest only
Loan type | Loan to value ratio | Interest rate | Comparison rate | |
---|---|---|---|---|
Fixed - 3 years | Up to 95% | 5.59% p.a. | 5.85% p.a. | Product Info |
Fixed - 2 years | Up to 95% | 5.79% p.a. | 5.91% p.a. | Product Info |
Variable | Up to 95% | 5.84% p.a. | 5.91% p.a. | Product Info |
Fixed - 1 year | Up to 95% | 6.29% p.a. | 5.96% p.a. | Product Info |
Border Bank Fixed - 3 years Rate Home loan overview
For First Home Loan Fixed (Principal and Interest) (LVR 80%-95%) 3 Years
Details
Maximum LVR 95% | Total Repayments |
Interest rate type Fixed - 3 years | Borrowing range
$50k
-
$2m
|
Suitable for Owner Occupiers | Loan term range 1 - 30 years |
Repayment type Principal and Interest | Applicable states |
Target Market Determination Visit Border Bank to view Target Market Determination. |
Features
Extra repayments Yes - limited to $10000 | Redraw facility |
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 $0 | Discharge fee $294 |
Other Restrictions
Early exit fee may apply.
Pros and cons
For First Home Loan Fixed (Principal and Interest) (LVR 80%-95%) 3 Years
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Suitable for low deposits
- Split account option
Drawbacks
- Limited extra repayments
- No redraw and no offset
- Loan reverts to higher rate after fixed period
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
FAQs
What is the minimum amount you can apply for?
What's the minimum deposit needed for this loan?
What's the maximum length for this loan?
How often can you make repayments?
How much will the upfront fees be for this loan?
Does this loan come with a redraw facility?
How do you apply for this loan?