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Important disclosure

Reduce Home Loans Pty Ltd

Eco Home Loan Variable

  • Owner Occupied
  • Variable
  • 40% min deposit
  • P&I
Interest Rate

5.84%

p.a

Comparison Rate*

5.89%

p.a

Real Time Rating™
Tags
  • Owner Occupied
  • Variable
  • 40% min deposit
  • P&I
Interest Rate

5.84%

p.a

Comparison Rate*

5.89%

p.a

Monthly Repayment

$3,173

based on $500,000 loan amount for 25 years at 5.84%

Calculate your repayments for this loan

$

Your estimated repayment

$3,173

based on $500,000 loan amount for 25 years at 5.84%

Pros and cons

For Eco Home Loan Variable < 60%

Benefits

  • Interest rates ranked in the best 20%
  • No upfront or ongoing fees
  • Extra repayments and redraw facility
  • Free redraw facility

Drawbacks

  • No offset account
  • Maximum loan amount is limited to 60% of the property's value
  • No repayment holidays

Reduce Home Loans Variable Rate Home loan overview

For Eco Home Loan Variable < 60%

Details

Maximum LVR

60%

Total Repayments

$951,835

View repayment schedule »

Interest rate type

Variable

Borrowing range

$150k - $1b
Calculate how much you can borrow

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Repayment type

Principal and Interest

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Repayment options

Fortnightly, Monthly, Weekly

Target Market Determination

Visit Reduce Home Loans Pty Ltd to view Target Market Determination.

Features

Extra repayments

Unlimited

Redraw facility

Redraw fee: $0

Split interest facility

Loan portability

Repayment holiday available

Allow guarantors

Available for first home buyers

Other benefits

Fees

Total estimated upfront fees

$0

Application fee

$0

Legal fee

$0

Valuation fee

$0

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$0

Discharge fee

$0

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Product data updated on 8 Sep 2024

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $150k to $999,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 60 percent, which means it requires a minimum deposit of 40 percent

What's the maximum length for this loan?

Reduce Home Loans Pty Ltd allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Reduce Home Loans Pty Ltd 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 $0 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

Where can you apply for this loan?

Reduce Home Loans Pty Ltd makes it possible to apply for this product online. Apply here.