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3yr Fixed Rate Investment Home Loan 4.19% - Interest Only (CR 5.49%) from Big 4 Lender + $800 Broker Cashback** @ Obtain Finance

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3yr Fixed Rate Investment Home Loan 4.19% - Interest Only (CR 5.49%) from Big 4 Lender + $800 Broker Cashback** @ Obtain Finance
Go to Deal
Store RepObtain Finance on 02/04/2018 - 15:04 obtainfinance.com.au (124 clicks)
Last edited 03/04/2018 - 02:00 by 1 other user

Highly competitive fixed rate Investment Home Loan from Major Bank with $395 Package Fee. **Cashback of $800 is being offered by us payable within 30 days after settlement. Message us through Ozbargain or email [email protected] or speak to us on 02 8091 5797 for further info about this deal and other special home loan offers available. **Cash-back offer applies for total lending of over $400,000 applying to aggregate balance of loans being refinanced.

Rate Table:
Fixed Term Rate Comp Rate
3 Years IO 4.19% 5.36%
2 Years IO 4.19% 5.37%
3 Years PI 4.09% 5.28%

Fees Information

Application Fee Annual Fee Discharge Fee
Nil $395 $350

Note that as this is a fixed rate home loan, with this lender you can make up to $20,000 in additional repayments during the fixed rate period without incurring prepayment fees or economic costs.

Call 02 8091 5797

email us

CRN: 434339 ACL: 384704

Comparison rate calculated on a $150,000 secured loan over a 25 year term. WARNING: Comparison rates are based on a loan of $150,000 over a term of 25 years. 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.comparison rate. Rate current as at 27/03/2018. This does not constitute a formal offer. Speak to us to see if this is a suitable loan for you from our large panel of lenders.

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closed Comments

  • dangerdanger on 02/04/2018 - 15:07
    +11

    I'm getting below 4%. This is not a bargain for me

    • swimmingtoad on 02/04/2018 - 15:08

      investment loan?
      That's a good rate for investment. What's the comparison rate?

    • Store RepObtain Finance @ Obtain Finance on 02/04/2018 - 15:44
      -1

      Hi dangerdanger, Keep in mind this is an investment/interest only rate with a major lender. If you were after a variable rate on Principal and Interest terms I could get you a rate well below 4%.

      • [Deactivated] on 02/04/2018 - 17:22

        How can you be so certain that the lender with under 4% will approve the loan. "I could get you" is misleading.

        Whatever you offer as a bargain ($800 rebate) can be matched by many brokers.

    • Store RepObtain Finance @ Obtain Finance on 03/04/2018 - 09:31
      -1

      Hi Dangerdanger, firstly keep in mind this is an Investment/interest only loan. Secondly it's a fixed rate offer. How confident are you about what your variable rate will look like 6,12 or 18 months from now, given what's happening both in Australia and Globally?

  • Slo20 on 02/04/2018 - 15:34
    +3

    There is either hidden fees or after the fixed term period the interest rate goes up to 5.23% variable to have a comparison rate that high.

  • Borat on 02/04/2018 - 15:59
    +3

    Big 4 Lender's should not be rewarded with us giving them business, there ripping all Australians off, all Australians should boycott them.
    Doesn't anyone understand the findings from the royal commission?

    Give the smaller lenders a go, f#ck Macquarie and the big 4.

  • tg on 02/04/2018 - 16:24

    OP, what does the cashout policy look like?
    If I have enough equity and serviceability, can I cash out the maximum amount with providing the purpose?
    Eg. I can service $800,000, the property value is $1,000,000 and current loan balance is $300,000, can I cash out $500,000 without providing the purpose?

    • Slo20 on 02/04/2018 - 17:45

      If your purpose is to make the full $800k tax deductible, then no.

      • tg on 02/04/2018 - 18:42

        Why so?

        • Slo20 on 02/04/2018 - 18:56

          Let me clarify - you don’t have to tell the bank the purpose but you have to be able to prove to the ATO that the $500k is being used for investment purposes. I.e. If you used the equity to buy shares.

        • tg on 02/04/2018 - 19:09

          @Slo20:
          You have jumped to conclusion.
          I do not intend to claim interests.
          Hence I don't have to prove anything to ATO.

          My question is for OP to answer.
          I would like to know if the bank/lender can provide the funds without asking for purpose.

        • Slo20 on 02/04/2018 - 19:14

          @tg: ok

  • tg on 02/04/2018 - 16:25

    OP, how many % of rent income will be calculated as income?
    80%? 70? 60%? or 50%？

  • tg on 02/04/2018 - 16:29

    OP, how did you arrive at 5.36% for 3 Years IO for a 150,000 loan?

  • mikokik5 on 02/04/2018 - 16:46
    +1

    No deal.. can easily negotiate at 3.7

    • dangerdanger on 02/04/2018 - 16:53

      Agreed. That's why I negged the deal (non-deal).

      • CheapSticks on 13/05/2018 - 19:50

        Are you guys getting 3.7% interest only deal for investment property or P&I?

        • Store RepObtain Finance @ Obtain Finance on 14/05/2018 - 10:27

          I have access to 3.75% Comp rate Invest P&I with major lender. I haven't heard anyone offering 3.70% int only investment and even P&I is tough to secure at that rate in the current climate. Msg me for more info.

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