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The Rock Home Loan 3.99% p.a 4.02% p.a Comparison Rate - with Offset Account

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The Rock is launching a new special offer with a rate of 3.99% p.a. (4.02% p.a. comparison rate*) on their Essentials Home Loan (this is their fully featured account with offset).

This is a good dead if you are building a house because they support construction loans, or if you have a small loan you want to refinance away from the Big 4 Banks before your interest rate goes up as the minimum loan amount is only $100k

Their terms and conditions are:

-Owner occupied residential lending new to The Rock

-LVR less than or equal to 80%

-Principal & Interest repayments

There is no annual fee, however there is a $350 settlement fee and $380 discharge fee (there is also a $600 application fee but it is currently being waved).

There is no end date** but they reserve the right to withdraw the offer at any time.

I am a mortgage broker and am accredited with The Rock but to the best of my knowledge this offer is available directly with the bank in addition to using a broker.

If you have any questions just let me know in the comments or shoot me a message.

Mortgage Architects Credit Representative 467205 is authorised under Australian Credit Licence Number 389328. Your financials would need review prior to acceptance of any offer or product.

Important Information
All interest rates quoted are annual percentage rates with interest calculated daily and charged monthly and are subject to change. The Rock does not
in any way guarantee that it will accept an application or apply any rate that appears in this publication. Loan applications are subject to The Rock’s normal Credit Approval Criteria and may also require approval of a Lender’s Mortgage Insurer. Terms and conditions, fees and charges apply and are available on application. Government fees may also apply. Current interest rates are available on application and are subject to change.
*Comparison rate calculated on a loan amount of $150,000 for a term of 25 years based on monthly repayments. These comparison rates are applicable to, and are calculated on, the basis that the loan is secured.
Warning: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
**Limited time only offer that is available for new owner occupied, principle and interest home loan applications $100k+ . Up to 80% property value. We reserve the right to withdraw this offer at any time.

Related Stores

therock.com.au
therock.com.au

closed Comments

  • If you can split loan trailing commissions with the consumer this would likely be a better deal

    https://www.ozbargain.com.au/node/215432

    • Hi Mate, I personally don't split the trail commission (it's not a sustainable business model with the new lower commissions the banks are paying see:https://en.wikipedia.org/wiki/Refund_Home_Loans). But if you are interested I'm sure you can find some one on here who will set you us with The Rock deal and commission splits.
      Also I don't believe ING offers construction loans, and their minimum loan amount is $150k.

      Good luck mate!

  • +4

    Loved him San Andreas

    • laying the smackdown on high interest rates

  • ubank also offering 3.99% comparison rate at the moment, no fees.
    No offset though.

    those looking to take out mortgages please shop around and look at the best product for your circumstances.

    • +1

      Couldn't agree more!

  • The only problem with these guys is that I've never heard of them. Even their website isn't clear if they're a bank or something else; whereas you can get the same deal with a bank (ING Direct).

    But I know commissions are good so brokers often push them.

    • I personally have never sold a Rock home loan before (because their rate were always bad).
      As for commission The Rock is 0.715% upfront and 0.187% trailing Where ING is 0.6875% upfront and 0.165% year 1-3 and 0.22% year 4+, so not a huge difference. Also worth noting I have no idea how much commission each lender pays, I actually had to go look that up lol.

  • Mebank offering 3.89% fixed for 2 years, with offset.
    http://mebank.com.au/lps/home-loans/sweet-loans/?src=WEB_HPT…

    • +1

      Newcastle Permanent 3.69% fixed 2 years + $3000 cash back

      • -1

        What does it end up after 2 years ?

        • Wouldnt it be nice if we could go to the future and find out?

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