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Reduce Loans Platinum Rate Buster Variable Home Loan 3.54% 3.54% Comparison up to 5 million

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Reduce Loans Platinum Rate Buster Variable Home Loan 3.54% 3.54% Comparison up to 5 million
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Associatedjjkateam on 08/08/2016 - 14:00 reduceloans.com.au (210 clicks)
Last edited 08/08/2016 - 14:38 by 1 other user

Platinum Rate Buster Variable Home Loan

3.54%p.a. 3.54%*p.a. Comparison

http://www.reduceloans.com.au/platinum-rate-buster/

Maximum Loan Amount $5 million

100% Offset

Application Fee
$0

Establishment Fee
$0

Valuation
Free Up to $330 (at cost thereafter)

Legal Fees
At cost EST $440

Annual Fee
$0

Settlement fees
$0

Comes with a $5,000 Platinum credit card.

Reduce Home Loans is a multi award winning Australian Owned and Operated Home Loan Company. Since 2010 we have been passionate about helping our clients find not only the lowest Interest rates on the market but Home loans that are tailored to their individual needs. Our Home Loan range has been awarded 5 stars by Canstar and awarded Best of the Best Cheapest Home Loan by Money Magazine.

Australian Credit Licence No: 388053

Financial Home Loan Loan Refinance

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closed Comments

  • random101 on 08/08/2016 - 14:03

    And then next week they go up to 4.5%?

  • [Deactivated] on 08/08/2016 - 14:06
    -3

    do you have an offer for 5million and one dollar?

  • random101 on 08/08/2016 - 14:18

    I gave them a call, the rep said that loans are for up to $750k didn't seem to intouch with what was going on then offered an investment loan around 3.8% and is going to look into it some more…

    I think it might be safer if I just stick with CBA.

  • random101 on 08/08/2016 - 14:49

    For one the representative wasn't aware of the product above.

    He had to call me back to inquire about it. Once he did, he then got sidetrack on that I was looking to knock down rebuild. Reducing one to 3.3x% or so though the other would be 3.8-9%.

    I was just trying to find out how they would go about offering another $500-600k for the construction loan. With CBA I have a good rate and it seems straight forward.

    The rep then let me know they couldn't match CBA (as cba wasn't going on an investment loan) I don't even know… he was more interested talking about the olympics… and what very boystrious (not a bad thing at all, I just need to get the point of things).

  • Looking4Bargians on 08/08/2016 - 15:09

    No Thanks….

  • dandandan on 08/08/2016 - 15:54

    Seems like a good deal to me. Some of you need to learn what a Residential Mortgage Backed Security is. The big 4 banks sell of their loans too and just become the person you enquire with!

    • CacheHunter on 08/08/2016 - 19:01
      +2

      I agree if you're taking a vanilla loan. However, if you have an offset account and the lender goes broke, you could be left owing the balance of the loan and as an unsecured creditor for the offset balance.
      If the loan is with an APRA regulated authorised deposit taker, the balance in the offset account is guaranteed by the government. If the offset is with a non-APRA regulated lender, the guarantee doesn't apply. When I had some money with a non-regulated institution shine years ago, it took more than 10 years to get back 50c in the dollar. Personally, I like the security of the government guarantee, but also look beyond the big 4.

  • CacheHunter on 08/08/2016 - 17:06

    Hi, you list your credit licence, but which authorised deposit taker is the offset account with?

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