Auswide Bank 1-3 Year Combo Fixed Rates - from 2.09% Owner Occ, 2.09% Investment and 2.29% Interest Only + 100% Offset on Fixed

Store RepLoan Base @ Loan Base on 03/03/2021 - 11:07 auswidebank.com.au (133 clicks)
Last edited 03/03/2021 - 14:00 by 1 other user

Auswide has just announced some very sharp pricing if you bring over an owner occupied property along with one or more investment properties.

In addition, Auswide also offers 100% offset accounts on their fixed rate products!

Please see the rate table below:

Investment <75% LVR (add 0.2% pa if not bringing across owner occupied property)

1 Year Fixed - 2.09% (4.10% CPR)
2 Year Fixed - 2.09% (4.25% CPR)
3 Year Fixed - 2.09% (4.41% CPR)

Investment Interest Only <75% LVR (add 0.2% pa if not bringing across owner occupied property)

1 Year Fixed - 2.29% (4.15% CPR)
2 Year Fixed - 2.29% (4.28% CPR)
3 Year Fixed - 2.29% (4.43% CPR)

Owner Occupied <75% LVR

1 Year Fixed - 2.09% (3.59% CPR)
2 Year Fixed - 2.09% (3.70% CPR)
3 Year Fixed - 2.09% (3.82% CPR)

Fees

Approximately $302.50 upfront fee per property (covers valuation of up to $330)
Add $75 to upfront fee per loan if you want an attached 100% offset account
Annual package fee of $395 (only one per client)
Unlimited additional repayments without penalty + redraw on all fixed rate loans

Alternatives

Depending on your total utilised lending size and LVRs, we can offer a number of alternative lender options with lower fixed rates and lender cashbacks as high as $4,000 for a single property (potentially higher cashbacks if you refinance/purchase additional properties). Please reach out to discuss your options.

Comparison Rates

Any quoted comparison rate is only true for the example given and may not include all fees and charges. Different terms, loan amounts or fees may result in a different comparison rate. Comparison rates are based on a loan amount of $150,000 over a loan term of 25 years.

As a broker, we can also apply for variable pricing discretions - for both variable loans and the variable revert rate on fixed loans.

HOW TO APPLY

Our team is here to help, and will work to ensure we obtain the best pricing discretions possible for any variable rates (including the revert rate from the fixed product). You can lodge an enquiry via our platform here - https://loanbase.com.au/compare-home-loans-fva, or contact one of our brokers directly with their details below:

Andrew Loucas, Email: [email protected], Calendar link: https://calendly.com/loanbase-andrew/quickchat
Leo Gonzales, Email: [email protected], Calendar link: https://calendly.com/loanbase-leo/initial

Loan Base Pty Ltd (ABN 95 162 141 915) · Australian Credit Licence Number 508 308
Head Office: Level 1, 1-5 Link Road, Zetland, NSW, 2017. Phone: 1300 512 377.

Financial Home Loan Loan

17 Apr 2021

Related Stores

Auswide Bank

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closed Comments

DrKB108 on 03/03/2021 - 11:18

FYI, if you are just after OO, Tic:Toc are offering 1.89% fixed for 1 yr. No annual fees. $10/month for offset. I've been with them for 3 yrs and have had no issues.
Tatanga on 03/03/2021 - 11:22

+2

I'm kind of amazed that 2.29% fixed can turn into 4.43% CPR. How high are those fees?
- Store RepLoan Base @ Loan Base on 03/03/2021 - 11:28
  
  +2
  
  That's because Comp rate is based on $150k loan over 25 year loan term. Therefore the fixed $395 annual fee impacts comp rate 3 times as much as it should for a $450k loan, and the revert rate (variable rate you automatically roll off after the fixed term) has an unrealistic impact on the comp rate, compared to what is likely to be seen in reality (at the expiration of a fixed term, most customers will re-fix at a more competitive rate, negotiate a better variable rate to roll off onto, or refinance elsewhere, so won't ever just pay the "default" revert variable rate).
bausie on 03/03/2021 - 11:24

Meh Citibank does 1 year fixed rate at 2.49% interest only investment with a $3000 refinance rebate. Not that much of a difference for most people.
- Store RepLoan Base @ Loan Base on 03/03/2021 - 11:29
  
  +2
  
  Yeah we've been doing a lot of Citibank deals lately too and happy to assist with the above; the main difference aside from the rate saving is that Auswide Bank offer 100% fixed rate offset, which is actually a very rare feature. Most lenders do not allow offsetting of fixed rates at all, or only allow partial offsetting at best. These are the most competitive fixed rates with 100% fixed rate offset feature that we've ever seen.
  - RubenM on 03/03/2021 - 11:34
    
    Really?
    https://www.tmbank.com.au/home-loans/rates
    - Store RepLoan Base @ Loan Base on 03/03/2021 - 12:03
      
      Hi spludgey, sorry I meant the most competitive investment fixed rates with 100% offset.
      
      If you just have an owner-occupied loan, then I agree; TMB (if you meet their industry qualification requirements) or Adelaide Bank (whom we have access to exclusive discretionary pricing through) would be better bets, since 2.09% pa OOPI fixed on its own is nothing to write home about (whereas 2.09% INVPI and 2.29% INVIO really are).
  - ozzieozzieozzie on 03/03/2021 - 11:58
    
    Why would i need an offset account when they allow over-payments and redraw already?
    - dasher86 on 03/03/2021 - 12:01
      
      +2
      
      Investment purposes…
    - Store RepLoan Base @ Loan Base on 03/03/2021 - 12:04
      
      +1
      
      Offset accounts are useful on investment loans in particular because they avoid the need to pay down and then redraw from your home loan. My understanding is that every time you redraw money this constitutes a new loan, so you are generally only eligible for tax deductions on the redrawn amount if you again use it for investment purposes. By depositing into an offset account instead, the original investment purpose of the loan remains intact for the full loan balance even if you then withdraw the money from offset to spend on lifestyle purchases.
RubenM on 03/03/2021 - 11:33

What's their DTI? I'm at 8 (PPOR and IPs) and no bank has been wanting to touch me for the past 5 years (haven't done any applications, but from talking to my broker).
- deme on 03/03/2021 - 12:03
  
  Probably due to your poor cash flow
- Store RepLoan Base @ Loan Base on 03/03/2021 - 12:06
  
  Hi spludgey, if your DTI is at 8 then Auswide probably isn't going to be the bank for you, however we have a number of non-bank lenders that don't assess DTI at all, so would be happy to qualify you for one of these options instead, if you prefer?
  - RubenM on 03/03/2021 - 12:48
    
    Thanks, but only if you can get something at 2.5% or below. If so, please message me. :)
    - Store RepLoan Base @ Loan Base on 03/03/2021 - 12:58
      
      PM'd!
deme on 03/03/2021 - 12:04

So here is my question after 3 years is there a fee to move to another bank?
- Store RepLoan Base @ Loan Base on 03/03/2021 - 12:05
  
  Hi deme, just the standard ~$350 discharge fee that you'll see payable to almost any lender.
Cheapass1995 on 03/03/2021 - 13:31

-2

Comparison rate is over the top from all associated fees
- thestig on 03/03/2021 - 15:22
  
  Do some research before you post a stupid neg. Comparison rate is completely irrelevant for a fixed rate loan.
  - Cheapass1995 on 03/03/2021 - 15:30
    
    -1
    
    Annual fees, offset fees, valuation fees too much 'fees', as I stated. However unlimited additional repayments, cashback and redraw is a positive.
    - thestig on 03/03/2021 - 15:34
      
      Your comment is still incorrect. The comparison rate is mostly affected by the rate at the end of the fixed rate, the fees play a very small part. If the fees are the reason for your neg then the focus should be to show an alternative fixed rate loan with an offset with a similar rate that has much lower fees rather than just say "too much fees".
johno3456 on 31/03/2021 - 19:23

Useful to observe that Auswide has shareholder benefit scheme - if you/trust/etc have 1000 shares (approx $6.7 per share atm).

Waives annual package fee of $395. The package offers discounted interest rate (depends on size of loan) waives establishment fee of $175 and annual credit card fee.

The fee waiver is not applied respectively.

https://www.auswidebankltd.com.au/uploads/pdfs/lib/sharehold…
- Nitrous on 01/04/2021 - 13:02
  
  That’s good to know! Can the OP confirm that this will be applicable with these deals?

This was posted 3 years 9 months 20 days ago, and might be an out-dated deal.