Important disclosure
First Home Loan
Interest Rate
5.59%
p.a
Comparison Rate*
5.85%
p.a
5.59%
p.a
5.85%
p.a
$0
based on $500,000 loan amount for 25 years at 5.59%
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 (Interest Only) (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 Interest only | 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 (Interest Only) (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
Promoted home loans
Promoted
Fixed Rate Home Loans
5.69%
p.a
6.16%
p.a
Australian Credit Licence 395219Fees & charges apply
Promoted
3 year Fixed Rate Home Loan
6.04%
p.a
8.10%
p.a
Promoted
First Home Loan
5.59%
p.a
5.85%
p.a
FAQs
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