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  4. First Home Loan Fixed (Principal and Interest) (LVR < 90%) 3 Years

Important disclosure

Border Bank

First Home Loan

  • Owner Occupied
  • Fixed undefined year
  • 5% min deposit
  • P&I
Interest Rate

5.59%

p.a

Comparison Rate*

5.85%

p.a

Real Time Rating™
Tags
  • Owner Occupied
  • Fixed undefined year
  • 5% min deposit
  • P&I
Interest Rate

5.59%

p.a

Comparison Rate*

5.85%

p.a

Monthly Repayment

$3,097

based on $500,000 loan amount for 25 years at 5.59%

Calculate your repayments for this loan

$

Your estimated repayment

$3,097

based on $500,000 loan amount for 25 years at 5.59%

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

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

$945,462

View repayment schedule »

Interest rate type

Fixed - 3 years

Borrowing range

$50k - $2m
Calculate how much you can borrow

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Repayment type

Principal and Interest

Applicable states

Repayment options

Fortnightly, Monthly, Weekly

Target Market Determination

Visit Border Bank to view Target Market Determination.

Features

Extra repayments

Yes - limited to $10000

Redraw facility

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.

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  • Owner Occupied
  • Fixed undefined year
  • 10% min deposit
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  • Owner Occupied
  • Fixed undefined year
  • 5% min deposit
  • P&I
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First Home Loan

Real Time Rating™
  • Owner Occupied
  • Fixed undefined year
  • 5% min deposit
  • P&I
Interest Rate

5.59%

p.a

Comparison Rate*

5.85%

p.a

Australian Credit Licence 240018Fees & charges apply

Product data updated on 21 Nov 2024

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $50k to $2,000,000.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 95 percent, which means it requires a minimum deposit of 5 percent

What's the maximum length for this loan?

Border Bank allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Border Bank allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $600 worth of upfront fees.

Does this loan come with a redraw facility?

No, this loan doesn't come with a redraw facility.

How do you apply for this loan?

To apply for this loan, please contact Border Bank.