Important disclosure
Solar Home Loan
Interest Rate
5.99%
p.a
Comparison Rate*
6.51%
p.a
5.99%
p.a
6.51%
p.a
$0
based on $500,000 loan amount for 25 years at 6.73%
Australian Credit Licence 395219Fees & charges apply
Solar Home Loan
Find your ideal home loan from one of the 2 home loans from loans.com.au
Principal and Interest (P&I)
| Loan type | Loan to value ratio | Interest rate | Comparison rate | |
|---|---|---|---|---|
Intro 60 months | Up to 90% | 5.99% p.a. | 6.51% p.a. | Product Info |
Interest only
| Loan type | Loan to value ratio | Interest rate | Comparison rate | |
|---|---|---|---|---|
Intro 60 months | Up to 80% | 6.49% p.a. | 6.67% p.a. | Product Info |
loans.com.au Intro 60 months Rate Home loan overview
For Solar Home Loan (Principal & Interest) (LVR < 90%)
Details
Maximum LVR 90% | Total Repayments |
Interest rate type Variable | Borrowing range
$50k
-
$1.5m
|
Suitable for Owner Occupiers | Loan term range 15 - 30 years |
Repayment type Principal and Interest | Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA |
Target Market Determination Visit loans.com.au Pty 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 Offset account available - add 0.10% for a linked offset sub-account |
Fees
Total estimated upfront fees $530 | Application fee $0 |
Legal fee $0 | Valuation fee $230 |
Settlement fee $300 | Other upfront fee $0 |
Ongoing fee $0 | Discharge fee $300 |
RateCity says
“This home loan rewards energy conscious buyers, offering discounted rates on home loans that utilise solar power. No ongoing fees, offset and redraw facilities, extra repayments and the ability to split your loan are just some of the included benefits.”
Pros and cons
For Solar Home Loan (Principal & Interest) (LVR < 90%)
Benefits
- No ongoing fees
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- No offset account
- Higher than average interest rate
- Loan reverts to higher rate after introductory period
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
How to apply
If you'd like to apply for this product or just get more information, follow the application process on loans.com.au.
FAQs
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