Adelaide Bank - Owner Occupied from 1.94% 2 Years Fixed + 100% Offset on Fixed + Variable Discretions

Store RepLoan Base @ Loan Base on 19/03/2021 - 08:46 brokers.adelaidebank.com.au (188 clicks)
Last edited 08/04/2021 - 13:44 by 1 other user

Adelaide Bank has just updated their fixed rates, all of which include the option of a 100% offset account, giving you maximum flexibility with offsetting your lending while still benefiting from very low fixed interest rates.

Unlike some other lender offers with 100% offset on fixed, this does not have strict employment, industry or education requirements for eligibility.

Note that ABL currently has very fast turnaround, with a 3-day SLA - much better than most other lenders right now!

Owner Occupied < 80% LVR

1 Year Fixed - 1.99% (2.49% CPR)
2 Year Fixed - 1.94% (2.44% CPR)
3 Year Fixed - 2.05% (2.42% CPR)

Investment < 80% LVR

2 Year Fixed - 2.24% (3.12% CPR)
3 Year Fixed - 2.35% (3.09% CPR)

Investment IO < 80% LVR

2 Year Fixed - 2.55% (3.17% CPR)
3 Year Fixed - 2.55% (3.13% CPR)

Fees

Upfront fees of $498
Optional ongoing fee of $15 / month for the 100% offset account

Variable Rates

Since we maintain a very strong relationship with Adelaide Bank, we also have access to some sharp discretionary pricing on variable rates via ABL. Please get in touch to discuss these as we cannot post them online.

Alternatives

Depending on your total utilised lending size and LVRs, we can offer a number of alternative lender options with lower fixed rates (without 100% offset) 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.

BROKER CASHBACK

If your lending is above $500k, and you are fixing for at least 2 years, please get in touch to confirm what additional broker cashback we can offer you.

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
Eric Cheng (available after hours), Email: [email protected], Calendar link: https://calendly.com/loanbase-eric/quickchat

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

3 May 2021

Related Stores

Adelaide Bank

Loan Base

Third-Party

closed Comments

petry on 19/03/2021 - 12:01

-1

named and shamed last year, probably again this year - buyer beware
- Whatisthatvelvet on 19/03/2021 - 12:44
  
  More info?
  - petry on 19/03/2021 - 12:51
    
    https://bankingcode.org.au/app/uploads/2020/09/BCCC-Notice-o…
    
    want more…?
    - jdf on 19/03/2021 - 13:30
      
      But this is limited to the GSL unit, not Loan Base in particular?
      - petry on 20/03/2021 - 01:53
        
        -1
        
        @jdf: the agreement is with the adelaide bank is it not? brokers@adelaidebank.. was asked for more info and gave it which referenced the sanction against adelaide bank, which is also the first 2 words posted….sanctions here are scarce
        
        RSmith on 21/03/2021 - 03:19
        
        @petry: Brah…
- ndenham on 19/03/2021 - 17:15
  
  +2
  
  Probably worth clarifying that you're referring to Adelaide Bank and not the mortgage broker…
jdf on 19/03/2021 - 13:36

+2

For what it’s worth, I contacted Leo Gonzales to discuss & found him very thorough & knowledgeable.
The first mortgage broker that spent some time understanding not only my financial situation but my goals in the next 2-5 years & then outlining some pathways to get there without any pressure to take one whatsoever.
He also advised getting in touch with a Financial Planner for tax implications as that would be their speciality & not his. All in all as much as I avoided Mortgage Brokers in the past, after conversing with him, I think very differently.
Some Guy on 21/03/2021 - 22:14

"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."

I thought the point of the comparison rate was to demonstrate the effect of all fees/charges? Yes they're all normalised to $150k usually but if they don't include all the fees/charges then it's pretty useless. Can you indicate which ones don't include them all and then itemise them pls?
- Store RepLoan Base @ Loan Base on 22/03/2021 - 10:17
  
  Hi Some Guy,
  
  The comparison rate include all of the lender's base fees, but do not include fees unrelated to the lender, such as state government mortgage registration/de-registration fees and some solicitor settlement fees, as well as variable lender fees that are unique to your situation (eg excess valuation fees). It is unfortunately impossible for the comparison rate to include all fees that will be applicable to you, since everyone's situation is unique, but they definitely include all standard fees charged by the new lender for the recommended loan across the entirety of the loan term.
  - Some Guy on 22/03/2021 - 13:05
    
    Great thanks for that. Presumably the fees that are unique to the customer will affect each mortgage "cost" equally, so the comparison rate will allow comparison of the products.

This was posted 3 years 8 months 5 days ago, and might be an out-dated deal.